AngioDynamics Agrees to Pay $12.5 Million to Resolve False Claims Act Allegations

Posted in Medical Device

July 20, 2018 • 3 min read

According to the Justice Department, medical device manufacturer AngioDynamics, has agreed to pay the United States a total of $12.5 million to resolve allegations that the company caused healthcare providers to submit false claims to Medicare, Medicaid, and other federal healthcare programs relating to the use of two medical devices, LC Bead and the Perforator Vein Ablation Kit (PVAK). ...

Abbott's Medical Device Business is Rolling

Posted in Medical Device

July 19, 2018 • 3 min read

Abbott ($ABT) announced another solid quarter yesterday, with all of their business segments exceeding expectations. As noted by WSJ reporter, Charley Grant, the performance is becoming like clockwork for Miles White and team. ...

Diabetes is a main ingredient in Medtronic's Value Based Healthcare Program

Posted in Medical Device,

July 17, 2018 • 3 min read

There's been much talk on our forums about Medtronic's value based healthcare initiative and how the program brings value to Medtronic and the healthcare system as a whole. Just last week, Medtronic and UnitedHealthcare announced successful data showing the benefits of using Medtronic's MiniMed 670G system to help mitigate hospital costs....

Nevro fires sales VP. Stock down over 17%

Posted in Medical Device

July 13, 2018 • 2 min read

Nevro disclosed​ that they recently terminated their sales VP, Jim Alexih, after only being on the job approximately 8 months. There was no news if Nevro has hired a replacement. ...