Category: “Medical Device Manufactures”

Medicine is one of the few industries plagued with innovation that drives costs, rather reducing them — which is the norm in nearly every other industry. The cost of the average hospital stay rose 90 percent in 10 years, driven largely by new technologies that are then incorporated into the cost of care. That's remarkable, and remarkably concerning given the demands rising healthcare costs place on our government and patients. So, when a medical innovation cuts cost significantly, that is remarkable too, and hospitals, investors and providers should take note. Some of the biggest names in Silicon Valley and public service certainly are. (Elizabeth Holmes, CEO of Theranos)

Elizabeth Holmes founded her revolutionary blood diagnostics company, Theranos, when she was 19. It’s now worth more than $9 billion, and poised to change health care.

Philips and Salesforce.com have just partnered to deliver healthcare IT service in the cloud. What does this mean for the hundreds of medical device manufacturer's that in essence now trust a competitor with their most important and sensitive date: their customers and prospects? Good move by Philips - perhaps not so smart for Salesforce.com

Parkview agreement was the 21st monetary settlement reached between the OCR and healthcare provider organizations, drugstore chains and health plans over HIPAA violations since 2008. Coupled with one imposition of a monetary penalty, these enforcement activities have yielded payments exceeding $25.9 million.

With capital expenditures declining and razor thin margins on equipment, OEMs are looking to other ways of making money. Besides cloud computing and subscription based software a new revenue stream is being explored: on-line training. For example, NexGen has partnered with 3M Healthcare to provide a web-based ICD-10 Education Program. Is this an opportunity that your company can make money from?

96% of all hospitals polled in the survey confirmed the CFO's "needs" are currently superior to most clinical and patient quality "wants".

"As American hospital operators consolidate, medical-device companies can no longer woo individual doctors over filet mignon, but must present their wares to skeptical, centralized hospital bureaucracies."

The global Digital X-ray Market was valued at an estimated $4,687.2 million in 2013 and is expected to reach $8,710.0 million by 2018, growing at a CAGR of 13.2% between 2013 and 2018. Among various applications, chest imaging, and dental have the largest shares in 2013, while mammography is forecasted to be the fastest-growing segment in the Digital X-ray Market

Journal of the American Medical Association (JAMA), found that Hologic’s 3D Mammography (breast tomosynthesis) screening technology finds significantly more invasive cancers than a traditional mammogram. The researchers also found that 3D mammography reduces the number of women called back for unnecessary testing due to false alarms. That reduces anxiety, as well as health care costs.

Adding digital breast tomosynthesis to mammography screening boosts the detection of invasive cancer by more than a third compared to mammography alone while reducing the number of false positives by 15%, according to a study in the June 25 issue of the Journal of the American Medical Association.

Hospitals are increasingly looking to electronic processing in their supply chain to achieve cost savings.