Minnetonka

Health IT

UnitedHealthcare raises the bar with its online healthcare finance tool

UnitedHealthcare has put all the numbers in one place. The health insurance company has made it easier for many customers to manage all the relevant healthcare financial data online. The new service is myClaimsManager. I am not a UnitedHealth customer, so I can’t check it out personally, but the interface seems to collect all the […]

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A Deep-dive Into Specialty Pharma

A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.

Health IT

Minnesota health IT firm sees rapid growth, now seeks capital

As the e-clinical software market has seen rapid growth, Minnetonka, Minnesota-based  MedNet Solutions, which makes web-based clinical study management tools, has shared in some of that bounty. Earlier in August, the health IT firm made the list of Inc. magazine’s 5,000 fastest-growing, privately held companies for the fifth year in a row. This time, MedNet […]

Devices & Diagnostics

Uroplasty’s Q4 sales jump on increased payer coverage; sales jobs available

Private insurers and Medicare regional carriers who decided to cover Uroplasty’s primary urinary incontinence product and other positive developments buoyed Uroplasty Inc.’s fiscal fourth-quarter sales numbers. The Minnetonka, Minnesota company announced that in the quarter ended March 31, sales jumped 35 percent to $4.01 million from $2.98 million in the same quarter a year ago. […]

Health IT

Minnetonka health IT firm names new sales and business development executive

PenRad Technologies Inc., a Minnetonka-based health IT company, announced that it has hired Dan Bickford as executive vice president of sales and business development. Founded in 1995, PenRad’s web products aim to improve work flow, quality and revenue in image and information management in the healthcare sector. The products include a web-based multi-modality reading, workstation, […]

Pharma

Medisyn Technologies inks licensing deal with Kraft

In its hunt to create products that can offer health and wellness benefits, Kraft Foods has inked a licensing deal with Medisyn Technologies, a research company based in Minnetonka, Minnesota. Financial terms of the  deal were not disclosed. The agreement allows the food giant to license a portfolio of ingredients that Medisyn and Kraft have […]

Devices & Diagnostics

DGIMed Ortho raises $2.1M

An orthopedic company in Minnetonka, Minnesota has raised $2.1 million in its latest funding round, according to a filing with the U.S. Securities & Exchange Commission. DGIMed Ortho, an early stage medical device company, makes the Distalock system consisting of intramedullary nails and drills that assists orthopaedic surgeons. Intramedullary nails or rods are metal rods […]

Devices & Diagnostics

Endo acquires pelvic care firm American Medical Systems for $2.9B

Updated: 11:06 a.m. A company that began life in the pharmaceutical sector is venturing forth into devices in its quest to become more of a diversified healthcare company. Chadds Ford, Pennsylvania-based Endo Pharmaceuticals (NASDAQ: ENDP) announced today that the company is buying Minnetonka-based American Medical Systems (NASDAQ:AMMD),  a manufacturer of new innovative medical devices focusing […]