Business

FDA wants to know: what distinguishes ‘service’ from ‘remanufacturing’?

The FDA has announced a public workshop on medical device servicing and remanufacturing, which will occur on December 10-11 in Washington, D.C. A guidance will likely be forthcoming after the workshop is completed and docket comments have been reviewed.

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Cybersecurity–How To Stop (Or Slow) Hackers

The healthcare seems less concerned about hackers and more about achieving the tenets of value-based medicine. Its focus on improving patient experience and reducing cost has pushed cybersecurity down the list of spending priorities when it should be rising.  The healthcare industry must be prepared for hack attacks, cybersecurity experts agree. The very essence of value-based medicine hangs in the balance. How can patients be safe and their needs met, if they and their data are not safe?

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 GE replaces Flannery as CEO, names former Danaher chief to role

GE also announced it “will fall short of previously indicated guidance for free cash flow and (earnings per share) for 2018,” and expects to take a non-cash goodwill impairment charge related to the GE Power business. GE Power’s current goodwill balance is approximately $23 billion and the goodwill impairment charge is likely to constitute substantially all of this balance, the company said.

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EHR investments slowing down as hospitals cite high costs, study finds

If you’re wondering why sometimes medical imaging devices aren’t being funded, this looks like a possible reason.  Hospitals spent nearly $25 billion globally on electronic health records in 2017 and that is projected to increase to $33 billion by 2023 but signs are also emerging EHR spending is starting to slow down, according to a report from Allied Market Research.

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