Mayo Clinic
In The Know: December 6, 2018
December 6, 2018 | Tags: Advamed, Boston Scientific, DoseMe, Ecolab, Featured, Inspire Medical Systems, Integrated Project Management, Mayo Clinic, Medtronic, Monteris Medical, NxPhase, NxThera, OneOme, Osprey Medical, Phenomix, Pops! Diabetes Care, Spineology, Stella
Nearly 150 groups join AdvaMed’s anti medtech tax letter
Inspire Medical offers another 1.5 million shares following April IPO
POPS! Diabetes Care Announces FDA Clearance of Their POPS!® one System
NxThera spinout NxPhase lands $10m for vapor ablation tech
Mayo Clinic Startup Phenomix Sciences Initiates $1M Seed Funding Round
IPM Earns 2018 Malcolm Baldrige National Quality Award
“First, do no harm” calls for thoughtful physician-patient dialogue, not fear
Tabula Rasa HealthCare to Acquire DoseMe, a Precision Dosing Software Company
Hospital Infections Kill 99,000 Americans Every Year. Are Giant Roombas the Solution?
Medtronic studies use of both heat and cold for cardiac ablation
Monteris Medical scores reimbursement win with Aetna
Osprey awarded purchasing agreement for DyeVert PLUS
Mayo researchers say oral apixaban safe and effective for treating blood clots in cancer patients
Spineology Inc. Announces New Board Members
Former UnitedHealth, Best Buy exec Nyman joins MN Blue Cross parent
OneOme Receives License to Offer its Comprehensive Pharmacogenomic Test in New York State
Inspire Medical Systems, Inc. Announces Publication of Data From ADHERE Registry
In The Know: Minnesota’s Healthcare News for November 29, 2018
November 28, 2018 | Tags: Abbott, Admedus, ANI Pharmaceuticals, Blue Cross and Blue Shield of Minnesota, Boston Scientific, Cantel Medical, DiaMedica, Featured, HabitAware, HIll-Rom, Magstim, Mainstay Medical, Mayo Clinic, Mayo Clinic Ventures, Medibio, Medtronic, NeuroOne, Pursuit Vascular, Recombinetics, University of Minnesota
Boston Scientific Announces Recommended Offer to Acquire BTG plc.
HHS Deputy Secretary Hargan Announces DSIIS Participants and First Meeting Date
Medtronic to Acquire Nutrino Health
Biotech company DiaMedica sets IPO terms to rake in up to $20M
Confirm Rx: PopSci’s ‘Best of 2018’
Bracelets That Help Kick Bad Habits
Cantel Medical To Acquire Omnia For Europe Expansion
2018 CFO of the Year: Brian Mower, Medibio
Farm animals may soon get new features through gene editing
Admedus reports $6.3 million revenues amid $12.7 million Star Bright backing
For Mayo scientist, spinal-injury research is personal
In the Fight Against Cancer, Sleeping Beauty Awakens
NHS clinical trial could pave the way for new depression treatment
Mainstay Medical announces headline results from ReActiv8-B clinical study
Mayo partnership aims to teach digital stethoscope to detect heart trouble
Hill-Rom announces executive appointments
Our View: Mayo Clinic’s growth is good news for Rochester and state
At The Table – November 28, 2018
| Tags: Advocacy, Anti-Kickback Statute, DFL, Eric Hargan, Flanagan, Gene Pelowski, HHS, Jim Rogers, Laurie Halverson, Mayo Clinic, Minnesota House, Paul Marquart, Rena Moran, Tim Mahoney, Tina Liebling, Value-Based Care, Walz, Washington D.C.
Session 2019: Walz/Flanagan Administration Announce Transition Team; Minnesota House DFL Reveals Committee Structure and Chairs
Shortly before Thanksgiving, Governor-elect Tim Walz and Lieutenant Governor-elect Peggy Flanagan made multiple announcements regarding their transition efforts and leadership team. First is the One Minnesota Transition Advisory Board that will advise the administration on a number of things, including filling roles in the administration and putting together the state budget. Lieutenant Governor-elect Flanagan will lead this 30-person board, which includes people from many different racial, geographic, and industrial backgrounds. The full release can be found here.
The incoming Walz/Flanagan administration also announced a team that will lead the process of appointing Commissioners and other leaders of the various state agencies. The Executive Director of this team is Kristen Beckman; she will lead a group of eight others in this effort. You can read the announcement here. Additionally, Governor-elect Walz announced that Chris Schmitter would be his incoming Chief of Staff and also helping with the transition.
The new majority in the House of Representatives unveiled its committee structure and chairs shortly before Thanksgiving as well. Speaker Melissa Hortman announced the House will have 34 committees, subcommittees, or divisions in the 2019-2020 legislative session, up from 29 in the previous biennium. Additionally, all finance committees are structured as divisions of the Ways and Means committee, rather than stand-alone committees. Chairs of note include:
- Representative Tina Liebling of the Health and Human Services Finance Division
- Representative Tim Mahoney of the Jobs and Economic Development Finance Division
- Representative Gene Pelowski of the Greater Minnesota Jobs and Economic Development Finance Division
- Representative Rena Moran of the Health and Human Services Policy Committee
- Representative Laurie Halverson of the Commerce Committee
- Representatives Paul Marquart of the Taxes Committee
View the full list here.
Vice-chairs and full committee assignments will be announced at a later date.
HHS Asks for Input on Moving to Value-Based Care; Medical Alley Association Shares Expertise
As part of the Department of Health and Human Services (HHS) effort to increase the use of value-based care arrangements, it solicited comments on new safe harbors and other reforms to the Anti-Kickback Statute (AKS). The AKS is one of the primary obstacles to the development and use of value-based arrangements (VBAs). HHS was specifically looking for ways the current statutory regime inhibits the development of these arrangements and what changes or additions need to be made to make them easier to enter into.
Medical Alley Association submitted a comment in response to this request, the full text of which can be found here. Our comment focused on three things: First, eliminating barriers to care coordination and VBAs; second, increasing the use of remote patient monitoring through the modification of current, or the creation of new, safe harbors in the AKS; and third, ensuring safe harbors exist for the proper adoption of necessary cybersecurity upgrades.
Medical Alley Association members have always been at the forefront of healthcare delivery and the movement to value-based care is no different. We look forward to continuing to work with HHS, CMS, and other state and federal agencies, bringing the expertise of our members to the development of policy that improves quality of care and outcomes while reducing costs for patients.
Member of Medical Alley Association Board of Directors Named to HHS Working Group
Earlier this year, the Department of Health and Human Services (HHS), requested feedback on their idea to put together a working group designed to improve communication between HHS and the health innovation and investing communities (see Medical Alley Association’s comment here. In late September, HHS announced the formation of the Deputy Secretary’s Innovation and Investment Summit (DSIIS). This Summit will focus on emerging innovation opportunities and whether public policy is accelerating or hindering this innovation during their quarterly meetings.
This past Wednesday, ahead of the DSIIS’ first meeting on December 18, HHS Deputy Secretary Eric Hargan announced who had been chosen to be core participants of the DSIIS. Jim Rogers, Chair of the Department of Business Development at Mayo Clinic and Medical Alley Association Board Member, was among those chosen for the Summit (you can find the full list of contributors here. Medical Alley Association is proud to have recommended Jim for this role and are excited to have his expertise on this important group in Washington, D.C. Congratulations to Jim; we look forward to working with you in this endeavor!
In The Know: Key Healthcare News for November 15, 2018
November 14, 2018 | Tags: Admedus, Coloplast, DiaMedica, Global Kinetics, Inspire Medical Systems, Invenshure, Mayo Clinic, Mayo Clinic Ventures, Medtronic, Monteris Medical, NeuroOne, Osprey Medical, Recombinetics, Zipnosis
Mayo Clinic Ventures — seeds of entrepreneurship
Minnesota’s medtech industry raised $90M in Q3 2018
Solving sleep apnea with new procedure
Admedus reports $6.3 million revenues amid $12.7 million Star Bright backing
Four biotech startups to watch in Rochester
Osprey Medical raises $7m, looks to raise $8m in entitlement offer
Mayo Clinic School of Medicine receives $200 million gift
Medtronic launches new trial in effort to bring hypertension treatment to market
Developer of urine-linked drug files to raise $15M through public offering
2018 CFO of the Year: Mark Sylvester, Invenshure
2018 CFO of the Year: Eric Bosler, Zipnosis
Recombinetics to channel more funding into animal gene editing business
Top Healthcare News for November 8, 2018: In the Know
November 7, 2018 | Tags: 2018 Election, 3M, Abbott, ANI Pharmaceuticals, Boston Scientific, Bright Research, CardioMech, Coloplast, Earl Bakken, Fairview, FDA, Mayo Clinic, Medtronic, NeoChord, Promed, Respicardia, VivaQuant
Governor Dayton Proclaims “Earl Bakken Day” in Minnesota
NeoChord raises $25m in Series D
Fairview Launches Innovative Workplace Behavioral Health Service for Employers
CardioMech Appoints Richard Nehm as President and CEO, and Mark Novotny as Chairman
With new FDA clearance, Abbott Freestyle Libre users can ditch handheld readers for an app
Eight New Operating Rooms Opening At Mayo Mankato
Medtronic touts five-year data for In.Pact Admiral drug-coated balloon
Boston Scientific’s Eluvia drug-eluting stent succeeds in long lesions
Lars Rasmussen steps down as CEO of Coloplast A/S
Democrats flip medtech-heavy Minnesota House seats
Trump’s trade war and the midterms: Views from two Heartland districts
FDA, DoD formalize medical product development deal
ProMed to host 30th anniversary open house
ANI Pharmaceuticals Reports Third Quarter and Year-To-Date 2018 Results and Reaffirms Guidance
Medical Device Startup HeartHero Announces Agreement With Vivaquant
Cool Offices: Bright Research aims for ‘hip’ style in downtown space
Tigger Is a Puppy With Prosthetics — And He’s About To Help Kids With Prosthetics, Too! (*Tear*)
Top Healthcare News For November 1, 2018: In The Know
October 31, 2018 | Tags: Bakken Museum, Bio-Techne, HabitAware, Heraeus Medical, Mayo Clinic, Medibio, Switchback Medical, University of Minnesota
Q&A with Aneela Idnani Kumar, who turned a bad habit into a Minnesota Cup-winning idea
Startups Help Medical Discoveries Reach Patients, Clinics
Heraeus acquires Evergreen Medical, PhysioTest
Mayo Clinic, Eko pair up on machine learning tech to screen for heart diseases
Switchback Medical acquires small Minnesota manufacturer
The University of Minnesota’s craziest, most interesting innovations
Medibio Signs ilumen™ Corporate Contract with a Large Australian Employer
Bio-Techne Releases First Quarter Fiscal 2019 Results
MedCity launches MedCitizens to help innovative healthcare startups be found
‘We’re just getting started’: Delta celebrates Northwest Airlines merger 10 years later
Top Healthcare News for October 25, 2018: In The Know
October 24, 2018 | Tags: Boston Scientific, Heraeus Medical, Humanetics Corporation, Mayo Clinic, Prevent Biometrics, SpineThera, Tactile Medical, University of Minnesota, Upsher-Smith
Boston Scientific posts better-than-expected earnings
The Journey: What ever happened to the ‘health dividend’?
Where and What is Medical Alley? It’s the Silicon Valley for digital health and med-tech companies.
SpineThera Acquired to Expand Non-Opioid Pain Management Portfolio
Medtech issues again take center stage in Minn. Congressional races
Heraeus Medical facilitates hospital-patient interaction with new digital solution
6 Questions on the Future of Healthcare with Bright Health’s Kyle Rolfing
October 22, 2018 | Tags: 6 Questions, Boston Scientific, Bright Health, Featured, Frank Jaskulke, General Mills, Health Plan, Leading the Conversation, Mayo Clinic, Medtronic, Minneapolis Heart Institute, Target, United Healthcare, Value-Based Care
6 Questions is a new interview series with Medical Alley leaders on the future of healthcare. Medical Alley Association’s membership includes leaders in healthcare delivery, payment, technology, and policy, which gives us – and in turn, you – access to diverse perspectives on how healthcare is changing and what lies ahead.
Medical Alley is the global epicenter of health innovation and care; 6 Questions, is meant to share insights and spark discussion. If you have a perspective on the future of healthcare, feel free to share it by reaching out to Frank Jaskulke, Vice President of Intelligence at fjaskulke@medicalalley.org
This interview with Kyle Rolfing, President & Co-Founder of Bright Health, has been lightly edited for clarity and length.To see more, click the button below.
6 Questions Series
Will the future of healthcare be most significantly defined by reigning in costs or accelerating outcomes?
Both, and the key to both reigning in costs and improving outcomes will be addressing waste and redundancy. That’s one of the things we’re most proud about at Bright Health. Addressing waste and redundancy is at the center of the Bright Health Care Partner Health Plan model. By partnering with one health system per market, we are able to streamline the process of approvals and referrals, reduce duplicate and/or unnecessary testing, and ultimately enhance our providers’ ability to deliver coordinated care across their systems. This next generation health plan cuts down on time and money while also delivering better healthcare.
What is the definition of value in healthcare today and what should it be?
In any other industry, value is defined by the consumer. In healthcare that hasn’t been the case for a long time. Consumers should be defining value in healthcare like any other industry, and we are beginning to see a shift in that direction.
For example, we know that affordability is a huge issue for consumers and healthcare is simply not affordable for many of them. In addition, for the cost they are paying, they expect to have high quality, convenient service, and our fragmented healthcare system is a long way from delivering that. But there are signs we are headed in the right direction – finding ways to provide high-quality, more affordable healthcare to the majority of hard-working Americans is our priority #1 at Bright Health.
What’s the biggest “blind spot” in healthcare today?
The biggest “blind spot” is the lack of focus on the consumer as the customer. The fee-for-service relationship between payers and providers results in fragmented care that treats pieces and parts rather than the whole person.
Value-based care, which is the goal of the Bright Health model, does treat the whole person, optimizes health outcomes and is critical to redefining the system as consumer-centric.
What’s your company’s or sector’s biggest “blind spot?”
This answer is the same as above, and it captures why Bright Health is pioneering a new Care Partner Health Plan model. By working with one health system in each market, we remove the friction that has traditionally existed between payers and providers, resulting in an integrated, streamlined experience for the consumer.
Why is a presence in Medical Alley, critical to your company?
Talent is the most important factor in success. Our decision to be headquartered in Minneapolis was intentional because of the immense healthcare talent that exists here. Minnesota has healthcare industry leaders like Medtronic, Mayo Clinic, United Healthcare, and Boston Scientific, among others. In addition, you have companies like General Mills and Target who are at the intersection of healthcare and the consumer. Given the focus of our company – on providing the best consumer healthcare experience – we think being able to draw from these talent pools has been a huge contributor to our early success.
What is the one thing, other than time or money, you wish you had more of?
Speed. We have been fortunate with the great talent we’ve been able to attract as well as the strength of our Care Partners. This combination has allowed us to prove that our model works out of the gate. As a result, we’ve been able to attract top investors and have access to plenty of capital: we expanded from 1 market to 3 in the first year and are adding 12 new markets this year. But we really want to get this solution out to as many consumers as quickly as we can because we know it’s so needed in the marketplace.
Learn more about Bright Health by visiting their website at brighthealthplan.com
Curious About Value-Based Care?
Attend the November 6th Leading the Conversation: Value-Based Care, taking place at The Hutton House in Minneapolis, MN.
Learn More & RegisterIn The Know: Top Healthcare News For October 18, 2018
October 18, 2018 | Tags: ANI Pharmaceuticals, Bio-Techne, Boston Scientific, Celcuity, HHS, Imricor, Mayo Clinic, MedCity INVEST, MedNet Solutions, Medtronic, OneOme, Pops! Diabetes Care, Recombinetics, Reemo Health, TCSW, Twin Cities Startup Week, VivaQuant
Pops! Diabetes Makes Pepperdine Graziadio Business School’s Most Fundable Companies List
Where medtech is putting its money this November
On the sidelines of Startup Week: ‘Fly-ins’ get a $300 offer to check out the job scene
Boston Scientific touts 3-year Solyx stress urinary incontinence mesh trial data
Twin Cities Startup Week isn’t just for startups
Heart Center Dresden to Be First Commercial Clinical Site for Imricor
How do you make doctors trust machines in an AI-driven clinical world?
Celcuity Announces Clinical Trial Collaboration with Puma Biotechnology and West Cancer Center
Medtronic launches workflow system to help wean patients off oral opioids
3 ways HHS can help medtech innovators
Baxter, Mayo team up on outpatient kidney care center
What can healthcare learn from cable? A closer look at the Comcast – Independence joint venture
ANI Announces Launch of Authorized Generic of Brethine®
VivaQuant Inks Collaboration with FDA to Improve Accuracy of Drug Cardiac Safety Assessment
Bio-Techne Partners Micropoint Bioscience, Expands in China
Gene-edited beef could be coming to dinner plates around the globe
Latest iMedNet Release Improves Infrastructure, Scalability and User Experience
MANOVA, The Global Summit on the Future of Healthcare, Challenges Modern Healthcare Ideas
October 17, 2018 | Tags: CQuentia, Facebook, Featured, Johnson & Johnson, MANOVA, Mayo Clinic, RAND Corporation, Social Determinants of Health, Thrive Global
Everyone experiences illness, whether it’s a chronic condition, a mental state that keeps someone from feeling their best, or just a common cold, we all know what it’s like to be laid low for a while. But what does it really mean to be healthy? Is it just the absence of illness or is there something more?
The inaugural MANOVA Summit, held at the Minneapolis Convention Center in early October, challenged attendees to think of health as a positive, active state rather than simply the opposite of being sick. Dan Buettner, author of the New York Times bestselling Blue Zones, and Gil Penalosa, founder and chair of 8 80 Cities, opened the conference by reflecting on how the safety of biking and walking around cities affected all-cause mortality rates and the importance of making the healthy choice the easy choice, themes echoed by a number of speakers including former White House Chef Sam Kass and Dr. Robert Brook of the RAND Corporation.
Health, in this thinking, is more than BMI, blood pressure, or pulse rate, it includes how integrated you are into your society, how much physical activity you do in your day-to-day routine, and what food is easily available to you.
The reality of modern healthcare is that it now sits squarely in the realm of public policy, which came to the fore with a spirited debate between Mary Matalin and James Carville, moderated – or refereed – by CNN’s Michael Smerconish and an inside look at the past and future of the Affordable Care Act from healthcare.gov architect Andy Slavitt. While the national policy aspect of healthcare was paid its due, nearly everyone who talked about that topic also pointed out that, for the vast majority of people, care is experienced on a far smaller, more local level. Said Slavitt: “No matter where people thought they stood politically, the need to take care of their families superseded any politics.”
Healthcare is an ever-growing field, but the changes are coming faster than ever. U of M Professor of Pediatrics Dr. Michael Pitt told the crowd that by 2020 the amount of medical knowledge in the world will double every 72 days, adding that at that rate “we can’t teach what to know, we have to teach how to know.” He cited major changes to the way the University advances pediatricians through the program as a model for how medicine may well be taught in the future: Training physicians to be rigorous, to use the available resources, but above all to be empathetic.
Each of day two’s four tracks helped give participants a glimpse into one aspect of healthcare’s changes, from the makeup of the labor force and what venture capitalists must do to uncover the next game-changing companies to how genetic advancements will change how treatments are personalized and how companies can work together to provide more good together than either one of them could do alone.
Medical Alley showed well during the Summit, from the local politicians that came to greet participants – Senator Amy Klobuchar, Governor Mark Dayton, and Representative Tom Emmer – to the companies that presented and showed the innovative solutions to a wide range of problems being developed here in Medical Alley. The state itself showed well, with participants raving about the friendliness of the locals, the ease of movement around the city, and the wealth of talent present in the community.
Minnesota is a leader in healthcare: a leader in medical devices, a leader in innovative models of care, and a leader in medical education. But as the definition of health changes, the legendary medical community here must change, too. We must be willing to embrace new ways of affecting the social determinants of health, to bring new voices into the healthcare conversation, and to never rest on the laurels of the healthcare legacy that has led to this place.
While MANOVA presenters may have come at the problems facing healthcare from numerous directions, on two points there was unanimity: One, there is a tremendous amount of work to be done and two, if we take on a spirit of collaboration and bring – as Dr. Paul Friedman of the Mayo Clinic called for – “a union of good-willed men and women from a variety of organizations” to bear, we can solve any problem put before us.
MANOVA was born of that collaborative spirit and, with a tremendously successful first year in the books, we’re confident it will live up to that purpose. Thank you to everyone who came and added their voices and ideas to the conference; we can’t wait to see you all again next year!
