Tactile Systems Technology, a company that provides at home lymphedema treatment has raised $10.4 million in a Series B funding round, the company announced Thursday. Lynphedema is swelling that occurs, mainly in the arms, torso and legs due to fluid retention. It occurs when the lymphatic system fails to drain the liquids that accumulate in […]
The BioBusiness Alliance of Minnesota and LifeScience Alley announced late last week that it is teaming up with an Israeli consulting company to promote business partnerships in medical technology between the two regions. Specifically, the alliance with MedVance Ltd. seeks to make establishing these partnerships easier, more efficient and effective. While BBAM plans to use […]
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Last year, Medtronic CEO Omar Ishrak described India as the “biggest hole” in Medtronic’s global operations. Last week, the medical device maker named Preetha Reddy, managing director of Apollo Hospitals Enterprise Ltd., a division of India’s premier hospital chain Apollo Group, as a board member. That same Friday, Medtronic also showed that it wants to do […]
St. Jude Medical (NYSE:STJ) announced Thursday that the Minnesota medical device maker has received European regulatory approval to market the Eon Mini Neurostimulator, the world’s smallest, implanted rechargeable device to treat chronic migraine. Along with this approval for the Eon Mini comes additional regulatory nods for the Eon and EonC neurostimulators. The Eon mini, which […]
When it comes to consumer use of health IT, demand seems to be outstripping supply and it’s creating the great healthcare chasm. Results of a new survey show that while three out of four patients are eager to access health records online through EMRs and more than 60 percent want to communicate with their doctor […]
On Wednesday, after Boston Scientific (NYSE:BSX) announced the acquisition of Minnesota startup BridgePoint Medical, the startup’s CEO said that he is excited by the prospect of having the company’s technology marketed by Boston Scientific’s sales and marketing operation. Describing Boston Scientific as the “leader” in the interventional cardiology field and the cath lab, Denis Harrington […]
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
Under the leadership of Jay Schrankler, University of Minnesota’s Office for Technology Commercialization licensed 12 technologies in fiscal 2012 turning around the university’s tech transfer operation that many considered lackluster even a few years ago. Among the 12, there are six that play in the healthcare industry or have applications in it. Ariel Pharmaceuticals This […]
Acid reflux treatment company Torax Medical announced Wednesday that it has raised $30 million in a series D round. The company makes an implant that uses magnetized titanium beads to prevent stomach acid from making its way into the esophagus.
Healthcare is becoming more and more consumer driven, and one company that has taken that trend very seriously is UnitedHealth Group, the insurance behemoth based in Minnetonka, Minnesota. Late last week, the company announced that it was opening 10 Medicare retail stores across the country and planned to open 20 additional stores in the weeks […]
Healthsense, which makes remote-monitoring technology for seniors living in assisted living communities, has raised $7 million in a series D round.
We will highlight Build My Health's revenue practice management tools, which could help physician practices add up to $250,000 to their practices.
As new tools to help consumers gain some insight into how much a particular procedure, treatment or healthcare service will cost become available, consumers are slowly dipping their toes into comparison shopping for healthcare. A new survey conducted by UnitedHealthcare found that about 14 percent of consumers are using online tools to compare costs. There’s […]
On Sept. 24, the public will have a chance to buy and sell a new stock in the blue chip Dow Jones Industrial Average index: a health insurance stock. The S&P Dow Jones Indices announced Friday that UnitedHealth Group, the nation’s largest managed-care company, will replace Kraft Foods Inc. at the end of trading on […]
The healthcare reform law may be upending the business model of health insurers, but so far HMOS are showing healthy profits. According to a recent report by independent health consultant Allan Baumgarten HMOs in Minnesota had profits of $230.4 million in 2011, made up of $158 million in operating income and $72.4 million in investment revenue. […]
Preventice, a Minneapolis mobile health and remote monitoring company announced Monday that its BodyGuardian Remote Monitoring System has been cleared by the U.S. Food and Drug Administration. The miniature device, worn underneath the clothes next to the chest, monitors heart rate, ECG, respiratory rate and physical activity and transmits the data to a physician. The […]
At the Mayo Clinic Transform conference that kicked off Sunday, one theme has emerged surrounding Obamacare and the Affordable Care Act. That as controversial as Obamacare may be to some, on balance it is actually positive. Richard Gephardt, a Democrat and a former House majority leader, acknowledged that the issue is a lightning rod for […]