25 Oct 2018

PHILIPS UNVEILS NEW RADIOTHERAPY IMAGING SYSTEMS

Philips released new systems for radiotherapy at the American Society for Radiation Oncology’s (ASTRO) annual meeting in October. The Big Bore RT is a dedicated CT oncology simulator with built-in technologies such as iterative model reconstruction (IMR) for improved imaging of small details and for quick completion of reference protocols. The

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23 Oct 2018

EARL E. BAKKEN: MEDTRONICS CO-FOUNDER DIES AT 94

Earl E. Bakken, co-founder  of Medtronic plc, passed away peacefully on Oct. 21 at his home on Kiholo Bay on the Big Island of Hawaii. He was 94 years old. “Today we are saddened by the passing of Earl Bakken, but we also honor and will forever cherish the life

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18 Oct 2018

HHS FINES ANTHEM $16 MILLION FOR LARGEST BREACH IN U.S. HISTORY

            Anthem has been hit with a $16 million fine from the federal government as part of a settlement from its massive January 2015 breach, according to HealthData Management. That incident was a result of a cyberattack that enabled hackers to access the electronic protected health information of nearly 79

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16 Oct 2018

DRUGMAKERS FUNNEL MILLIONS TO LAWMAKERS; A FEW DOZEN GET $100,000-PLUS

  By Emmarie Huetteman and Sydney Lupkin Before the midterm elections heated up, dozens of drugmakers had already poured about $12 million into the war chests of hundreds of members of Congress. Since the beginning of last year, 34 lawmakers have each received more than $100,000 from pharmaceutical companies. Two

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16 Oct 2018

CMS PROPOSAL TO REQUIRE MANUFACTURERS TO DISCLOSE DRUG PRICES IN TV ADS COMMENTS DUE BY DEC. 17

  The Centers for Medicare & Medicaid Services proposed Oct. 15 to require that prescription drug manufacturers post the Wholesale Acquisition Cost (WAC) for drugs covered in Medicare or Medicaid in direct-to-consumer television advertisements. “This historic proposal is an important way to create new incentives for drug companies to start

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16 Oct 2018

TELEMEDICINE GIANT HEALTHRIGHT, 4 COMPOUNDING PHARMACIES CHARGED WITH $1 BILLION FRAUD

  HealthRight CEO Scott Roix of the telemedicine company HealthRight pleaded guilty to felony conspiracy charges brought by the Department of Justice. Roix and the company also pleaded guilty to conspiring to commit wire fraud associated with a telemarketing scheme to sell dietary supplements, skin creams and testosterone to patients. Roix and the

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12 Oct 2018

CYBER ATTACK FEAR LEADS TO MEDTRONIC DISABLING PACEMAKER INTERNET UPDATE

  Medtronic has disabled the internet update functionality of two of its CareLink devices used to program pacemaker implants amid concerns that they may be susceptible to cyberattacks, according to a letter from the medtech giant to healthcare professionals. Vulnerabilities had been identified in the update download process that could allow an individual

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11 Oct 2018

DOJ SAYS SELLING AETNA’S PART D BUSINESS WILL CLEAR CVS-ATENA MERGER FOR APPROVAL\

            The $69 billion CVS-Aetna merger was approved by the Department of Justice Oct. 10 if Aetna sells off its Part D business. Atena agreed sell its Part D plans to WellCare Health Plans, which include 2.2 million members, Sept. 27, but will retain the

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09 Oct 2018

FORMER GE HEALTHCARE VALUE-BASED CARE SOLUTIONS GROUP REBRANDS AS VIRENCE HEALTH TECHNOLOGIES

The Value-Based Care Solutions Group, recently acquired by Veritas Capital from GE Healthcare, today announced its rebranding to Virence Health Technologies. The company is a leading software provider that leverages technology and analytics to help healthcare providers across the continuum of care effectively manage their financial, clinical and human capital

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09 Oct 2018

GEMALTO REPORTS 4.6B RECORD BREACHES IN THE FIRST HALF OF 2018

  In the first six months of 2018, ZDNet reported that a total of 4,553,172,708 records were compromised, an increase of 133 percent over the first-half of 2017, a report from Gemalto has found. In its latest Breach Level Index, Gemalto said accidental loss was the leading factor behind several breaches

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