In a rough U.S. economy, the NYTimes showed why medical tourism isn’t crazy: it can be just as efficient as American healthcare and jaw-droppingly cheaper–much in thanks to the device industry. A recent New York Times post makes a case for greed on the part of device makers, particularly the ones that make joint replacements. […]
About 6 million people break their bones each year, according to the American Academy of Orthopedic Surgeons. But after fracturing his arm, one industrial design graduate used a 3-D printer to produce an exoskeletal brace. The result is an innovative concept for fixing broken bones that, if nothing else, has presented an interesting case for […]
Healthcare payments are no longer about transactions. It’s about controlling the revenue cycle. And increasingly, that control is not sitting with ISOs.
What payer problem really needs fixing? The men representing UnitedHealthcare, Aetna and Blue Cross Blue Shield of Minnesota had quick answers to moderator Lisa Suennen‘s question. The group was discussing reimbursement and how the current drive to cut costs is affecting treatment decisions and business strategy. Each panelist named a clinical area ripe for innovation […]
Tiger Woods and Hines Ward are just two of the athletes who have received platelet-rich plasma therapy – a procedure where doctors take a small sample of patient’s blood, separate the platelet-rich plasma, and inject it at the site of an injury after surgery to accelerate tissue healing. The therapy is gaining traction in sports […]
Minnesota orthopaedics device startup Conventus Orthopaedics announced Monday that the U.S. Food and Drug Administration has approved its minimally invasive treatment for repairing wrist fractures. The Conventus Distal Radius Surgical System is a self-expanding implant that requires small incisions and is able to reduce “surgical trauma by as much as 80 percent compared to traditional […]
A new report shows that the U.S. implantable medical devices market will grow at an annual compounded rate of 8 percent over seven years to be worth $73.9 billion by 2018. The market was valued at $43.1 billion in 2011 by Transparency Market Research, which published the report. The overall implant market is made up […]
(Reuters) - Johnson & Johnson is negotiating a potential $2 billion settlement with patients who received its recalled artificial hip implant, Bloomberg News reported on Friday, citing five people familiar with the matter. J&J has offered to pa...
Live tweeting a surgery isn’t exactly a novel social media tactic anymore. Since 2009, dozens of hospitals have narrated procedures with 140-character tidbits, from hand transplants to hysterectomies. So it wasn’t particularly earth-shattering that Elkhart General Hospital live tweeted a partial knee replacement surgery yesterday. Ohio State University Medical Center tweeted a knee replacement surgery […]
They say imitation is the best form of flattery. In announcing that it was buying Chinese orthopedics company Trauson Holdings Company Limited, Kalamazoo, Michigan-based Stryker (NYSE:SYK) is following in the footsteps of medical device heavy weight Medtronic. Barely four months ago, the Minnesota medical device maker announced that it was buying Kanghui Holdings, which described […]
As more people, and younger people, are opting for joint replacement surgeries, hospitals are looking for ways to improve the turnover time for these procedures. Meanwhile, they’re also innovating toward value-based care. With that in mind, a collection of healthcare entrepreneurs who have made careers out of finding ways to reduce wasteful healthcare spending has […]
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A Minnesota startup that treats wrist fractures using a less-invasive technique is seeking $2 million, according to a regulatory filing. Conventus Orthopaedics has already raised $200,000 with a mix of debt and options. The company makes the Distal Radius Surgical System, an expandable implant that is meant to treat distal radius fractures without touching the […]
The 75 direct sales force dedicated to boost Stryker’s (NYSE: SYK) foot and ankle business unit had a stellar year in 2012, said CEO Kevin Lobo, to a packed room at the J.P. Morgan Healthcare Conference in San Francisco on Wednesday. The unit had a 40 percent increase in U.S. sales in the fourth quarter. “If […]
Ceterix Orthopaedics, based in Menlo Park, California, which makes surgical tools for arthroscopic procedures has raised $19.5 million, according to a regulatory filing. More specifically, the company, previously known as SuturePro Technologies Inc., makes a suturing technology that allows surgeons to place stitches in difficult anatomical regions – in “very tight joint compartments” – without […]
A remote heart monitor to detect irregular heart rhythms that secured 510(k) clearance from the US Food and Drug Administration could lower healthcare costs by reducing the time patients spend in the hospital when they are diverted to cardiac care and away from the emergency room or orthopedics surgery. The device sticks to the skin […]
A fast-growing startup that makes touch-based electronic medical record applications for specialties will launch its software in two new markets next year with the $12 million it’s just raised from investors. Modernizing Medicine‘s Series B was led by Pentland Group plc and joined by several customers-turned-investors. The company’s Electronic Medical Assistant comes with built-in medical […]