Health Industry Today articles from June 2001

Health Industry Today archives from June 2001

Supplier, IDN reps in agreement: e-biz requires changing attitudes.
June 1, 2001... Supply and provider executives who question the value of e-commerce in today's health care industry are afraid things won't change very much when Internet supply chain transactions get up to speed in the future. Given the adversarial...

Market potential of DeBakey VAD draws closer with CE Mark approval.(MicroMed Technology Inc.'s ventricular assist device)
June 1, 2001... A miniaturized ventricular assist device (VAD) carrying one of the most famous names in heart care may have the legs to create a little history of its own by turning a $120 million market into one worth $2 billion. The MicroMed DeBakey...

Welch Allyn Protocol's Web site sells products, services, support services and expertise.(Brief Article)
June 1, 2001... Welch Allyn Protocol Inc.'s Web site, www.protocol.com, offers health care providers a very good first impression of the company and an indepth catalog of products and services coupled with rich content that helps customers improve their...

Doing it by the numbers shows device marketers, med-surg suppliers still looking for 'Net strategy.
June 1, 2001... For the first time, numbers have emerged that document the frustration felt by health care executives dealing with e-commerce and the Web-based supply chain. If a company has yet to realize the oft-repeated promise of reduced supply and...

AROUND THE INDUSTRY.(includes multiple records)
June 1, 2001... Cook[R] Vascular Inc. (CVI), Bloomington, Ind., announced it settled its litigation with Spectranetics Corp., Colo. Spgs., Colo. The lawsuit, filed by CVI in October 1999, accused Spectranetics of patent infringement, breach of contract and...

Cleveland Clinic performs DeBakey procedures.(Brief Article)
June 1, 2001... MicroMed announced last month that surgeons at the Cleveland Clinic Heart Center installed the DeBakey VAD in two patients awaiting heart transplantation. Patrick McCarthy, M.D., performed the surgeries on the patients, who are reported to...

PRODUCT STRATEGY.(includes, STS Biopolymers develops polymer coating)
June 1, 2001... STS Biopolymers, Henrietta, N.Y., said it has developed a heparin-containing polymer coating called MEDI-COAT[TM] for use on implants and indwelling devices such as catheters and stents to render the devices hemocompatible for sustained periods...

Medibuy emerges from self-imposed quiet period with deals designed to facilitate e-marketplace.(Brief Article)
June 1, 2001... At last month's NCI IDN Technology Summit held in Las Vegas, medibuy Inc.'s Charlie Smith, co-founder and executive VP, said, "If it seems like we've been quiet recently, it's because we've been busy facilitating." In fact, the San...

Neoforma advancing toward profitability in 2002 by focusing on core businesses, enabling users.(Brief Article)(Statistical Data Included)
June 1, 2001... For nearly a year now, Neoforma.com Inc. has said it intends to be profitable by the first quarter of 2002, and it appears the San Jose, Calif., e-commerce provider may be taking steps in that direction. Neoforma announced gross volumes of...

Novation, Neoforma to offer `value calculators'.(Brief Article)
June 1, 2001... Suppliers and providers within a health care industry slow to embrace e-commerce transactions have demanded to know what their return on investment (ROI) might be if and when they adopt business-to-business (B2B) Internet practices. Now,...

CONTRACT NOTES.
June 1, 2001... Fujifilm Medical Systems USA Inc., Stamford, Conn., signed a two-year contract with Consorta to provide computed radiography (CR) equipment to the group purchasing organization's 320 acute care facilities and 800 alternate care sites. The...

Shifting definition of 3-D medical imaging devices has manufacturers seeing revised market picture.(Statistical Data Included)
June 1, 2001... A shift in the definition of 3-D medical imaging devices has manufacturers and suppliers picturing a revised marketing outlook for the products. Previously known primarily as research tools, today's 3-D imaging market growth is being...

GE acquires EchoTech's 3-D imaging technology.(Brief Article)
June 1, 2001... GE Medical Systems, Milwaukee, Wis., put its 3-D imaging picture in sharper focus with the recent acquisition of EchoTech 3D Imaging Systems, Munich, Germany. GE said EchoTech's Easy3D and 3D Free Scan products have established it as a...

Hospitals report tiny operating profit margin gain as BBA, reimbursement levels exact ongoing toll.(Brief Article)(Statistical Data Included)
June 1, 2001... Device and med-surg supply marketers looking to sustain healthy revenue streams will not be pleased--or surprised--to learn that hospitals themselves are not well. Operating profit margins at U.S. hospitals flattened to an annualized...

Technology sector leads M&A activity but numbers continue decline.(mergers and acquisitions)(Brief Article)(Statistical Data Included)
June 1, 2001... Overall merger and acquisition activity in the health care industry declined by 23% during the first quarter of 2001 compared with the last quarter of 2000, said Irving Levin Associations Inc., New Canaan, Conn. A total of 184 deals were...

Global marketplace revenues expected to outpace domestic returns.(Brief Article)(Statistical Data Included)
June 1, 2001... Revenue growth from the global health care market will continue at a faster pace than the domestic marketplace, said The Freedonia Group, Inc., and the best news is that medical equipment will generate the most impressive gains. In a...

ECRI's updated Health Devices Intl. Sourcebase provides new product profiles, search capabilities.(Brief Article)
June 1, 2001... ECRI, the nonprofit health services research agency based in Plymouth Meeting, Pa., launched what it calls a "newly enhanced" version of its Health Devices International Sourcebase, an Internet database of worldwide medical device manufacturers...

Pointshare adds to APC coding service.(ambulatory payment classifications )(Brief Article)
June 1, 2001... Pointshare, Bellevue, Wash., said its CodeCorrect[TM] service can help device and med-surg supply manufacturers as well as health care providers determine ambulatory payment classifications (APC) that can in turn help improve their bottom...

ClinCon 2001 targets relationships between EMS personnel, suppliers.(Brief Article)
June 1, 2001... Suppliers targeting emergency medical treatment providers should take aim at ClinCon 2001, scheduled for July 19-22 at the Rosen Center in Orlando, Fla. Subtitled "Science Hits The Streets," ClinCon 2001 is a joint presentation of the...

AAFP physician attendees prepared to make buying decisions.(Brief Article)(Statistical Data Included)
June 1, 2001... The American Academy of Family Physicians (AAFP) said that more than 5,000 "highly-prescribing" physicians and health care provider decision makers will be among more than 20,000 attendees when the group holds its annual Scientific Assembly in...

87th Clinical Congress to draw international surgical attendees.(Brief Article)(Statistical Data Included)
June 1, 2001... The 2001 Clinical Congress of the American College of Surgeons (ACS), one of the largest international gatherings of surgeons in the world, will be held Oct 7-12 in New Orleans and will attract more than 300 exhibitors displaying products and...