February 1, 2010
Wireless remote monitoring for patients with heart conditions is fast becoming a crowded space for wireless health companies -- CardioNet, the only pureplay wireless health company to have gone public and LifeWatch, a Switzerland-based company are just two of the big players in this ever popular field. Last month we noted that Corventis had received FDA approval for its MCOT system, which put it...
November 20, 2009
The Wall Street Journal has an incendiary profile piece on the Jeffries analyst, Brian Kennedy, who predicted that Highmark CMS would cut its reimbursement rate for CardioNet's wireless cardiac monitoring service. CardioNet is the only public company fully focused on wireless health, which makes it a true pioneer for the emerging industry.
While the aftermath that followed Kennedy's April...
November 5, 2009
STMicroelectronics has inked a deal with Mayo Clinic to collaborate on a wireless remote monitoring system for patients with chronic cardiovascular diseases. An initial program of patient trials is already underway, according to the Mayo Clinic.
Details about the offering are still sketchy, but the initial press release explains that STM contributed its "advanced sensor, microprocessor and...
September 2, 2009
Inc. Magazine recognized at least one wireless health-focused company as among the fastest growing companies in the U.S. by revenue. eCardio Diagnostics was ranked the 117th fastest growing company in the U.S. with $21.4 million in revenue for 2008 and three year sales growth of 1,424 percent. eCardio was the 11th fastest growing health-focused company in the country, according to the magazine....
September 1, 2009
Highmark Medicare Services (HMS) confirmed with remote monitoring service provider CardioNet that the reduced reimbursement rate for mobile cardiovascular technology will become effective today, September 1, 2009. The new rate is $754 per service and that represents a 33 percent reduction from the $1,123 reimbursement rate the service has retained all year.
"We are very disappointed at HMS'...
July 23, 2009
During the winter, rabbits and squirrels are scarce so birds of prey need to focus on larger prey to survive. They hunt goats, antelopes and caribou. Fewer investments, bigger pay-offs.
Yes, it's July, but thanks to the current economy it's still winter for investors. While it may be sunnier in the emerging wireless health industry than elsewhere, recent events have helped your Taxonomist-In-...
July 1, 2009
Texas-based arrythmia monitoring provider eCardio announced today an undisclosed minority investment from Sequoia Capital. This investment marks the first round of institutional funding for the company since its founding in 2004. Sequoia has previously invested in Apple, Cisco, PayPal, Google, Oracle, Yahoo, YouTube and other well-known tech companies.
"eCardio has experienced tremendous growth...