CMS

By Brian Dolan November 6, 2009
Should hospitals who use telemedicine technologies be compensated for revenues lost because of reduced admissions and ED visits? That's the proposition set forth in a column over at iHealthBeat by Protima Advani, Practice Manager for the IT Insights program at the Advisory Board Company: "Needless to say, more than just federal grants are needed to drive growth in telemedicine programs. Changes...
By Brian Dolan September 2, 2009
There has been a highly speculative and questionable rumor floating around that Philips is interested in buying wireless cardiac monitoring company CardioNet. The company has had a string of bad news lately as Highmark Medicare Services officially reduced reimbursement for the company's services starting yesterday. CardioNet is also facing class action lawsuits related to the reimbursement cut....
By Brian Dolan September 1, 2009
Highmark Medicare Services (HMS) confirmed with remote monitoring service provider CardioNet that the reduced reimbursement rate for mobile cardiovascular technology will become effective today, September 1, 2009. The new rate is $754 per service and that represents a 33 percent reduction from the $1,123 reimbursement rate the service has retained all year. "We are very disappointed at HMS'...
By Brian Dolan August 4, 2009
"People are now texting more than they are speaking on their mobile phones and this has to tell us something in the healthcare industry." said Frank Avignone, Senior Director, AllOne Mobile at the World Healthcare Congress' Wireless Health event in Boston last week. Avignone noted that wireless only households (homes with no landline phones) now make up more than 18 percent of U.S. households. (...
By Brian Dolan July 24, 2009
As we have noted in the past, for those seeking to bring clinically-focused wireless health services to market, there are a number of trail blazers in the industry that can provide some clues for go-to-market strategies. We have discussed the FDA and FCC regulatory frameworks facing wireless health as well as the importance of securing reimbursement from (CMS) Centers for Medicare and Medicaid...
By Brian Dolan July 22, 2009
According to a recent ABI Research report, 15 million wireless devices will be in use by early 2012 to remotely monitor the well-being of elderly or at-risk people. For the next two years at least, most of these devices will consist of medical devices with cellular technology built-in, according to the report. "Wireless telehealth systems can reduce healthcare costs in a couple of ways," ABI...
By Brian Dolan July 13, 2009
After months of rumors and analyst speculation, Highmark CMS has, after all, cut the reimbursement rate for wireless cardiac monitoring MCOT services from $1,123.07 to $754. While some analysts have been anticipating a rate drop on the order of about $200 for the past few months, the rate cut was almost double that. CardioNet, the only pure-play wireless health company that has gone public, is...
By Brian Dolan July 2, 2009
"You are not going to get paid for cool ideas," IntelliDOT CEO and founder of CardioNet James Sweeney told a group of wireless health entrepreneurs at the Wireless Life Sciences Alliance event last month. "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." Sweeney's words clearly still echo in the halls of...
By Brian Dolan June 4, 2009
Remote cardiac monitoring company LifeWatch has inked an exclusive carrier agreement with Verizon Wireless for its mobile phone-based service for cardiac patients. LifeWatch's LifeStar Ambulatory Cardiac Telemetry (ACT) service is a direct competitor to CardioNet's MCOT service, but unlike CardioNet, the company uses the patient's mobile phone to transmit the monitoring data. CardioNet uses a...
By Brian Dolan May 19, 2009
As we reported a few weeks ago, a financial analyst issued a report that claimed Highmark CMS was planning to reduce the reimbursement rate for CardioNet's wireless cardiac monitoring service and the report ended up dominating the wireless health company's most quarterly investment call. This week, CardioNet announced that Highmark CMS' reimbursement rate for CPT code 93229, Mobile Cardiovascular...

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