April 28, 2010
Senator Ron Wyden (D-Ore), one of the chairs of the Senate's Committee on Aging, held up at least four wireless health devices during the Senate hearing last week: Nonin's Bluetooth-enabled pulse oximeter, MedApps' HealthPal, Corventis' PiiX sensor and another one which we are working to identify, but looks like it might be a transdermal medication delivery patch made by Isis Biopolymer....
April 7, 2010
Will the health reform law affect the emerging wireless health industry? Yes, of course. There are at least 21 specific provisions that will have an effect on the connected health and personal health industry. With help from the policy wonks over at the Continua Health Alliance, we have assembled the following 21 provisions that are relevant to connected health.
(We broke them into separate...
March 24, 2010
On page 526 of the more than 2,300 page healthcare reform bill that President Barack Obama signed earlier this week is a proposal for states to support the use of wireless health technology for chronic disease management: "A proposal for use of health information technology in providing health home services under this section and improving service delivery and coordination across the care...
February 24, 2010
By Laurie Orlov, Aging In Place Technology Watch
Apocalypse and opportunity -- the bet is that we're not going to age well. Our favorite gloom-and-doom source, CNBC, has offered up today's Doomsday Boomer Prediction. Those boomers are going to be a healthcare nightmare: "They visit the doctor more, they consume more services, and they aren’t afraid to use their $7 trillion in collective wealth...
February 17, 2010
Wireless health services aim to improve care, but they also seek to reduce overall healthcare spending, which a recent study by the Centers for Medicare and Medicaid Services (CMS) reports is increasing. The study shows that healthcare spending increased by 5.7 percent in 2009 and projects that this decade may bring about an average annual growth rate of 6.1 percent in healthcare spending. By...
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...
September 24, 2009
"It’s stupid of insurance companies to insist on an inferior device costing 10 times as much," Roger Ebert wrote in a letter to the Editor of the New York Times last week. Ebert, the famous film critic, was responding to a feature the Times had recently published about Medicare only covering dedicated text-to-speech devices, even though those devices are typically far more expensive than multi-...
September 16, 2009
It was a hard fight to get insurance companies to cover dedicated text-to-speech devices for speech-impaired patients, but it finally happened in 2001, according to a report in The New York Times. Now the fight is on to get insurers to pay for cheaper devices and software that they claim work just as well or better.
The Times report highlights one patient's struggle: Kara Lynn, an ALS, or Lou...
July 14, 2009
It's been a tough couple of months for wireless arrhythmia monitoring company CardioNet: The company has terminated its plans to acquire Minnesota-based Biotel, which has its own cardiac arrhythmia monitoring business, an experienced design and development team plus manufacturing capabilities that were set to support CardioNet's growing business. The deal was originally pegged at $14 million but...
July 13, 2009
After months of rumors and analyst speculation, Highmark CMS has, after all, cut the reimbursement rate for wireless cardiac monitoring MCOT services from $1,123.07 to $754. While some analysts have been anticipating a rate drop on the order of about $200 for the past few months, the rate cut was almost double that.
CardioNet, the only pure-play wireless health company that has gone public, is...