Hillary Clinton hedges on the device tax, says nation must weigh pros and cons

I’m well aware of your concerns about the 2.3% device tax, and I think you have an argument to make,” she told AdvaMed CEO Stephen Ubl during her address at the association’s annual med tech conference. “I think it [a decision] has to be made within the context of a larger set of issues that have been raised by the ongoing implementation of the Affordable Care Act.”

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10th Annual Meeting in Berlin

2014 IAMER European Meeting Dining out in Berlin IAMERS TourGroup Rob Piconi-3rd Party Service in Europe

Philips Plans Split Into 2 Companies

Philips Healthcare parent Royal Philips plans to combine its healthcare and consumer lifestyle activities into a new company called HealthTech. As part of the strategic reorganization, Royal Philips’ lighting business will also become its own company.

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MITA, AdvaMed and MDMA support continued bipartisan efforts to repeal the device tax

The Medical Imaging & Technology Alliance (MITA), Advanced Medical Technology Association (AdvaMed) and the Medical Device Manufacturers Association (MDMA) today announced their collective support for the continued bipartisan efforts to repeal the 2.3 percent medical device excise tax. Yesterday, the House passed the Jobs for America Act (H.R. 4) with a vote of 226 to 191, which includes repeal of the device tax.

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House passes bill to repeal, refund medical device tax

On September 19th, the House voted 253-163 to approve the “Jobs for America Act,” a package of bills that had already individually passed the lower chamber. The package includes a measure that would roll back the 2.3% excise tax on U.S. sales of medical devices and issue a retroactive refund to companies for payments made on the tax since it went into effect last year. The U.S. House of Representatives voted to repeal and refund the medical device tax and promptly went into recess until after the mid-term elections in November.

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Why are so many companies failing to pay the device tax?

The 2.3% medical device excise tax raised $913 million in the first half of 2013, or about 75% of what was expected. A look at the number of filers reveals a large part of the problem. Out of an anticipation as high as 15,000 filers, only 5,107 medical device tax forms were filed.

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AAA Acquires GE’s FDG-PET Sector in Italy

Advanced Accelerator Applications (AAA) announced today that it has acquired GE Healthcare’s FDG-PET radiopharmaceutical division in Italy.

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IBA and Philips Join Forces

The world’s leading provider of proton therapy and radiopharmacy solutions, and Royal Philips announced the signing of a global collaboration to provide advanced diagnostic and therapeutic solutions for the treatment of cancer. The collaboration covers sales, marketing, research and development (R&D) of imaging and therapy solutions in oncology. By merging their respective expertise in therapy and image guidance systems, IBA and Philips will innovate with an integrated vision for more efficient, personalized cancer care. Leveraging high quality imaging and proton therapy offers the potential to increase confidence in the diagnosis and treatment of cancer, reduce short- and long-term side-effects and potentially enhance the quality of life of the patient before, during and after treatment, while reducing the cost of treatment for the healthcare system.

Read about it here.

Study: EHR use leads to loss of time

As hospitals increasingly use electronic health records, they may also be increasingly losing time during the day to the technology, according to a new study.

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Cutting Back on $100B in Unnecessary Imaging

It’s no secret that some portion of medical imaging performed each year is unnecessary. The question is how much and, maybe more importantly, what can be done about it?  Another report out this week took a stab at quantifying the problem.

Read more here.

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