Medical Devices
Nearly 500 hospitals have been ordered to pay the government more than $250 million to resolve allegations they allowed cardiac devices to be implanted in Medicare patients who were not eligible for the procedure, according to an Oct. 30 announcement from the Department of Justice in Florida.
Investing gives health systems the chance to partner at the first phase of promising new healthcare technologies and services. But it also allows systems to have an attractive investment, given modest returns from securities and low bank interest rates.
In January, Rooney pleaded guilty and admitted that from 2005 to 2010, he was employed as a consultant by two medical device development and sales companies, Altiva Corporation and Allure Spine Consulting.
Medical practices across the U.S. are now spending a lot more on technology this year, up nearly 34 percent from four years ago, according to a new MGMA report.
GE Healthcare has created Sustainable Healthcare Solutions, backed by a $300 million investment, to develop healthcare technology for governments, clinicians, private operators and non-government operators.
Calico, Google X and Google Ventures, all with significant healthcare focus, will become separate units under Alphabet.
New York-based investment firm Deerfield Management on Wednesday said it has launched a $550 million healthcare venture capital fund to support companies developing advancements for treating genetic diseases, cancer and orphan diseases, as well as to support tech companies creating new therapeutic devices.
Ambitious diagnostics company will bring its low-cost blood testing to Medicaid patients.
Major cancer centers topped the list with tens of millions in payments and services from pharmaceutical giants.
Several teaching hospitals raked millions in payments from device and drug manufacturers in 2014, according to new data from the Centers for Medicare and Medicaid Services released Tuesday that showed drug and medical device makers made close to $6.5 billion in payments to healthcare providers in 2014.