reimbursement

By Brian Dolan 08:22 am October 20, 2009
A recent Brookings Institute report that we pointed to last week has drummed up a lot of response from the political commentary crowd: Joe Rothstein, editor of EIN News, penned an editorial in U.S. Politics Today this week that picked up where Brookings Institute's Darrell West left off: "Physicians and patients are going to have to learn how to migrate into the new medical world. That may not be...
By Brian Dolan 05:47 pm September 30, 2009
"Everyone is going to look for solutions that not only improve care but also save healthcare dollars," MedApps CEO Kent Dicks told MobiHealthNews in a recent interview. "No one can dispute that." MedApps navigated the early years of wireless health, first as a mobile phone-based solution, which the FDA approved in 2007, before switching to a connected, dedicated device, called HealthPAL. It's a...
By Brian Dolan 09:36 am September 2, 2009
There has been a highly speculative and questionable rumor floating around that Philips is interested in buying wireless cardiac monitoring company CardioNet. The company has had a string of bad news lately as Highmark Medicare Services officially reduced reimbursement for the company's services starting yesterday. CardioNet is also facing class action lawsuits related to the reimbursement cut....
By Brian Dolan 04:32 am 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'...
By Brian Dolan 11:52 am August 25, 2009
"The single fastest growing medical device we have in this country is probably the iPhone," Jon Linkous, CEO of the American Telemedicine Association told Mobihealthnews. "I have discussions about the iPhone every single day." Linkous also explained how the telemedicine industry has grown from "white labeled" (literally) corporate video conferencing solutions to the rapidly growing wireless...
By Brian Dolan 08:48 am July 22, 2009
According to a recent ABI Research report, 15 million wireless devices will be in use by early 2012 to remotely monitor the well-being of elderly or at-risk people. For the next two years at least, most of these devices will consist of medical devices with cellular technology built-in, according to the report. "Wireless telehealth systems can reduce healthcare costs in a couple of ways," ABI...
By Brian Dolan 05:18 am 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...
By Brian Dolan 02:00 am July 2, 2009
"You are not going to get paid for cool ideas," IntelliDOT CEO and founder of CardioNet James Sweeney told a group of wireless health entrepreneurs at the Wireless Life Sciences Alliance event last month. "You are not going to get paid for saving lives. You are not going to get paid for anything unless you can prove that you can save them money." Sweeney's words clearly still echo in the halls of...
By Brian Dolan 06:17 am June 9, 2009
By Jim Lefevere "Pioneers get the arrows," as the saying goes. I much prefer: "Pioneers get arrows in their back." Being early in a market is great -- if the market is ready for you. I have been in and around Internet and healthcare for nearly 15 years. I almost regret to say that that for many reasons, but mostly because I have been waiting that long for technology to revolutionize healthcare....
By Brian Dolan 10:48 am June 4, 2009
Remote cardiac monitoring company LifeWatch has inked an exclusive carrier agreement with Verizon Wireless for its mobile phone-based service for cardiac patients. LifeWatch's LifeStar Ambulatory Cardiac Telemetry (ACT) service is a direct competitor to CardioNet's MCOT service, but unlike CardioNet, the company uses the patient's mobile phone to transmit the monitoring data. CardioNet uses a...