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Medtronic backs diabetes device connectivity, analysis startup Glooko in $16.5M Series B Print E-mail
Written by Florida Health Industry Week in Review   
Tuesday, 24 March 2015 10:29

What Happened
In a March 17, 2015 Fierce Medical Devices post, Stacy Lawrence reports:

Careful, consistent management of blood sugar levels is key to improving outcomes for diabetes patients. Doctors want easy access to and intelligent analysis of blood glucose, insulin and activity levels for their diabetes patients; payers want to manage their diabetic population more cost-effectively; while patients are looking to make their lives better and simpler.

...startup Glooko hopes...<to provide> its technology to make diabetic device data mobile-compatible and...<to enable>... population analysis of it for providers and payers.

Medtronic...is among the backers of Glooko's $16.5 million Series B financing.

Why it Matters
On the face of it, this seems like terrific news: capital investment in healthcare, innovation and application of cutting edge technology. The fact is, according to Rhea Boyd, MD & Jessica Schumer, MD:

Being well isn't simply having your diabetes under control, it is preventing you from getting diabetes in the first place. If we continue to commoditize patients, valuing their ailments over their wellness, we miss the opportunity to provide the very care we claim to offer, health.

Source: Week in Review March 23, 2015 | Read more>>
 
Could Congress Be Ready To Fix Medicare Pay For Doctors? Print E-mail
Written by Mary Agnes Carey | Kaiser Health News   
Friday, 20 March 2015 15:43
khn logo black   With a deadline fast approaching, bipartisan negotiations are heating up in the House to find a permanent replacement for Medicare's physician payment formula. But the tentative package being hammered out behind closed doors contains some key provisions that are likely to raise objections from both Republicans and Democrats.

Unless Congress takes action by the end of this month, doctors who treat Medicare patients will see a 21 percent payment cut.

For doctors, the nail-biter has become a familiar but frustrating rite. Lawmakers invariably defer the cuts prescribed by the 1997 reimbursement formula, which everyone agrees is broken beyond repair. But the deferrals have always been temporary because Congress has not agreed to offsetting cuts to pay for a permanent fix. In 2010, Congress delayed scheduled cuts five times.

Read More>>

See recent update entitled In an Unusual Bi-Partisan Moment, House Leaders Reach Partial 'Doc Fix' Deal.

Kaiser Health News (KHN) is a nonprofit national health policy news service.

Last Updated on Friday, 20 March 2015 16:01
 
The Ugly Civil War in American Medicine Print E-mail
Written by Kurt Eichenwald | Newsweek   
Wednesday, 18 March 2015 12:03

Are physicians in the United States getting dumber? That is what one of the most powerful medical boards is suggesting, according to its critics. And, depending on the answer, tens of millions of dollars funneled annually to this non-profit organization are at stake.

The provocative question is a rhetorical weapon in a bizarre war, one that could transform medicine for years. On one side is the American Board of Internal Medicine (ABIM), which certifies that doctors have met nationally recognized standards, and has been advocating for more testing of physicians. On the other side are tens of thousands of internists, cardiologists, kidney specialists and the like who say the ABIM has forced them to do busywork that serves no purpose other than to fatten the board's bloated coffers.

Read More>>

Related: The ABIM response to Newsweek determines how far anti-MOC sentiment will spread by Kevin Pho, MD
 
Hospital Throwdown Print E-mail
Written by Florida Health Industry Week in Review   
Tuesday, 17 March 2015 11:23

What Happened
In the print edition of the Miami New Times dated March 12, 2015Trevor Bach writes:
 
...<Coral Gables based> Baptist Health South Florida wants to open <an>...urgent-care center in South Beach...A series of actions by the city's planning board and its Chamber of Commerce have blocked quick development of the facility...

...Part of the problem may trace to two of the planning board's six members who have strong ties to <Miami Beach based> Mount Sinai, Jonathan Beloff...a lawyer....an Executive VP of Mount Sinai's Foundation and Randolph Gumenick ...a member of Mount Sinai's executive committee.

Meanwhile in an article posted online the same day to the Miami Herald entitled Miami Beach Chamber reconsiders and accepts Baptist Hospital as a memberJoey Flechas reports:

After the executive board of the Miami Beach Chamber of Commerce initially voted down Baptist Health's membership 10 days ago, the full board approved Baptist as a chamber member Thursday... Mount Sinai has raised concerns about the neighborhood impact of the proposed Baptist facility, which would include diagnostic services, outpatient surgery and medical offices.

Why It Matters
It appears the Mount Sinai contingent ultimately bowed to public pressure. While most hospital executives speak of collaboration and cooperation with other hospitals in their press releases and speeches, the fact remains that the hospital industry is very competitive. Both Mount Sinai and Baptist Health South Florida operate as not for profit entities. Despite this, each is looking to grow market share and revenue. As healthcare reform intensifies its efforts to reduce costs, fierce competition, backroom deals and political maneuvers will escalate.

See more in the current edition of Week in Review.
 
Sponsor Showcase Print E-mail
Written by Sponsor   
Friday, 27 March 2015 00:00
 
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Last Updated on Friday, 27 March 2015 17:23
 


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