CardioNet has announced plans to acquire Biotel in a definitive merger agreement for $11 million in cash, which includes a settlement agreement to dismiss the lawsuit between them. CardioNet had previously announced plans to acquire Biotel but cancelled the plans three days after the CMS contractor that reimbursed for its services dropped the reimbursement rate by almost one third. Interestingly...
Big news for anyone concerned about reimbursement issues for wireless health: CardioNet, which leverages wireless technology to diagnose and monitor cardiac arrhythmias, announced this week that the Centers for Medicare and Medicaid Services (CMS) has established a national rate for the technical component of mobile cardiovascular telemetry (MCOT). CardioNet said that the rate is approximately $...
During its second quarter conference call, CardioNet noted that WellPoint had also called mobile cardiac telemetry monitoring services as "experimental" and unproven -- United Healthcare made a similar conclusion last month. The commercial payers' reimbursement decisions are important for CardioNet, which saw a payer revenue mix of 34 percent Medicare and 66 percent commercial for the three month...
“You are not going to get paid for cool ideas. You are not going to get paid for saving lives. You are not going to get paid for anything unless you can prove that you can save them money.”
If that sounds familiar, it may be because I started an editorial with those same words almost a year ago today. Or maybe you heard CardioNet founder (now Patient Safe Solutions CEO) James Sweeney speak at the...
More bad news on the reimbursement front for CardioNet and other mobile cardiac outpatient telemetry service providers: United Healthcare told the company that it is maintaining its position that “outpatient cardiovascular telemetry is unproven for managing cardiac arrhythmias" and as a result it will not cover the service for its members. CardioNet, of course, disagrees and promised to continue...
Bayer's new hemophilia A app: Bayer HealthCare Pharmaceuticals today launched FactorTrack, the first customizable mobile application for people with hemophilia A. FactorTrack is a free, personal and interactive mobile application that helps make it easier to track and record hemophilia factor VIII infusions. More
CardioNet disappointed in CMS again: The Centers for Medicare and Medicaid Services...
We are holding Senate hearings to address reimbursement barriers for eCare and wireless health services, Dr. Mohit Kaushal, the director of healthcare at the FCC said during a presentation at the Wireless Life-Sciences Alliance here in La Jolla, CA.
The federal government is going to focus on cost cutting, Kaushal said, as it might has allocated $10 billion through 2019 for the creation of a CMS...
Senator Ron Wyden (D-Ore), one of the chairs of the Senate's Committee on Aging, held up at least four wireless health devices during the Senate hearing last week: Nonin's Bluetooth-enabled pulse oximeter, MedApps' HealthPal, Corventis' PiiX sensor and another one which we are working to identify, but looks like it might be a transdermal medication delivery patch made by Isis Biopolymer....
