California, Illinois and New York all boast their own health accelerators: Rock Health, Healthbox and Blueprint Health, respectively. Now Minnesota is getting its own health accelerator — Inceptis LLC. Given the state’s historic strength in medical devices, it comes as no surprise that the accelerator is a medical technology accelerator primarily focused on Class II […]
Back in June when the House of Representatives voted to repeal the medical device tax that the industry believes will kill jobs and stifle innovation, Representative Erik Paulsen (R-MN) likely believed that he might achieve the impossible: throw out that portion of the healthcare law completely. The wind was at his back with 37 Democrats […]
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.
In what is being billed as likely the first large-scale analysis of privately insured patients, a new report from UnitedHealth Group finds that high-quality care was more affordable on average compared with care that had no tie to quality and performance incentives. The report, published in the special September issue of Health Affairs, focuses on […]
Envoy Medical, the St. Paul, Minnesota medical device startup, appears to be having some growing pains. Back in March 2010, it won the regulatory approval for the world’s first, fully implantable hearing aid system. Since then, Envoy, which has raised upward of $100 million to bring the Esteem device to market, has seen its share […]
Insurance reimbursement contracts for providers are notoriously complex and opaque. Each procedure has a separate code and there are various permutations and combinations for when payments are available. That gets in the way of practicing medicine and now a Minnesota health IT startup wants to help doctors’ groups and hospitals focus on their core function. […]
St. Jude Medical (NYSE:STJ) announced Thursday that it is laying of 300 employees as part of a broader restructuring aimed to lower operating costs. In a news release, the Minnesota medical device maker said that it is centralizing support functions in information technology, human resources, legal, business development and many marketing functions. The job cuts are […]
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.
Medtronic (NYSE:MDT) has opened an R&D center — Shanghai Innovation Center — the first outside the U.S. and Europe. The move represents the company’s initial step in creating local product research and development in China, something that Medtronic CEO Omar Ishrak considers a priority. “We have already accelerated our efforts to expand in emerging markets, […]
St. Jude Medical (NYSE:STJ) announced Tuesday that its renal denervation technology was effective in lowering blood pressure of patients whose hypertension remained stubbornly high despite being on many medications. The EnligHTN technology was effective in that, on average, patients saw their systolic blood pressure lowered 28 mmHg points after 30 days of treatment. The effect was […]
A new survey of healthcare providers, plans and pharmaceutical companies reveals that these institutions have internally contradictory approaches in managing the changes wrought by healthcare reform, especially as it relates to the shift from fee-for-service to a more value-based system. For instance, when healthcare providers were asked by KPMG how important it is to at […]
Medical device maker Tornier (NASDAQ:TRNX), which makes orthopedics products for extremities including the shoulder and ankle, announced Friday that it is acquiring OrthoHelix Surgical Designs, an Ohio company, for $135 million. Tornier, based in Bloomington, Minnesota, said that it will make additional payments over two years based on the acquiree achieving certain revenue goals. The transaction […]
Gabby Everett, the site director for BioLabs Pegasus Park, offered a tour of the space and shared some examples of why early-stage life science companies should choose North Texas.
Medtronic (NYSE:MDT) announced Friday that it has received the expected nods from U.S. and European regulators for the Arctic Front Advance Cardiac Cryoballoon to treat paroxymal atrial fibrillation. Paroxymal atrial fibrillation is different from atrial fibrillation in that the irregular heartbeat happens occasionally with the heart returning to its normal rhythm. It is episodic and unpredictable, […]
Two of Medtronic’s largest markets that have been struggling for quite some time were the very ones to show some improvement in the company’s first fiscal quarter earnings that it reported Tuesday. Medtronic CEO Omar Ishrak told analysts that both the U.S. implanted cardioverter defibrillator (ICD) market and the domestic Spine business showed signs of “signs […]
UPDATE: Scroll down to see St. Jude Medical’s detailed statement. Dr. Robert Hauser will not make the list of St. Jude Medical’s most favorite cardiologists any time soon. Hauser, a prominent cardiologist from Minneapolis Heart Institute known for studying how heart devices function, has concluded that St. Jude Medical’s (NYSE:STJ) highly touted Durata lead is […]
Emerging markets are a priority for Medtronic CEO Omar Ishrak who has talked about how he expects the medical device company to garner 20 percent and higher growth in revenue from these markets that include China, India and Latin America. But in the company’s first fiscal quarter ended July 27, Medtronic’s (NYSE:MDT) emerging market revenue […]
Vascular Solutions (NASDAQ: VASC) believes that it can make a real business out of a product line that St. Jude Medical (NYSE:STJ) discontinued in July 2011. On Friday, the Maple Grove, Minnesota company, announced that it was buying St. Jude Medical’s Venture catheter product for $3 million, paying $2.25 million upfront and $750,000 to be paid […]