Vericel Announces First MACI Implant in the United States for the Treatment of Symptomatic Cartilage Defects of the Knee

CAMBRIDGE, Mass., Feb. 01, 2017 (GLOBE NEWSWIRE) — Vericel Corporation (NASDAQ:VCEL), a leading developer of expanded autologous cell therapies for the treatment of patients with serious diseases and conditions, today announced the first implant of MACI®(autologous cultured chondrocytes on porcine collagen membrane) in the United States for the repair of symptomatic single or multiple full-thickness cartilage defects of the knee with or without bone involvement in adults.

“While surgeons have long understood that autologous chondrocyte implantation can repair cartilage tissue, the previous surgical procedure was more invasive, technically demanding, time consuming and could result in an uneven distribution of cells,” said Dr. David Recker, chief medical officer of Vericel.  “With the introduction of MACI, surgeons now have an FDA-approved product in which the patient’s own cells can be reproducibly delivered using less invasive techniques.  The MACI implant not only ensures more uniform distribution of the cells in the cartilage defect, but also greatly simplifies the implantation procedure.”

“Treating the first patient with MACI this soon following FDA approval is incredibly rewarding for everyone at Vericel,” said Nick Colangelo, president and CEO of Vericel.  “We believe that the simplified MACI surgical technique, together with the MACI Phase 3 clinical data demonstrating statistically significantly greater improvement in pain and function scores compared to microfracture, will drive significant growth for our cartilage repair franchise.  We are now focused on realizing this growth potential by providing training to expand the number of implanting surgeons and working with payers to ensure reimbursement for MACI.”

About MACI
MACI® (autologous cultured chondrocytes on porcine collagen membrane) is an autologous cellular scaffold product that is indicated for the repair of symptomatic single or multiple full-thickness cartilage defects of the knee with or without bone involvement in adults.  The MACI implant consists of autologous cultured chondrocytes seeded onto a resorbable Type I/III collagen membrane.  Autologous cultured chondrocytes are human-derived cells which are obtained from the patient’s own cartilage for the manufacture of MACI.

The FDA approval of MACI was supported by the results of SUMMIT trial1, a Phase 3 two‑year, prospective, multicenter, randomized, open-label, parallel-group study that enrolled a total of 144 patients, ages 18 to 54 years, with at least one symptomatic Outerbridge Grade III or IV focal cartilage defect on the medial femoral condyle, lateral femoral condyle, and/or the trochlea.  The co-primary efficacy endpoint was change from baseline to Week 104 for the subject’s Knee injury and Osteoarthritis Outcome Score (KOOS) in 2 subscales:  Pain and Function (Sports and Recreational Activities [SRA]).2  At Week 104, KOOS pain and function (SRA) had improved from baseline in both treatment groups, but the improvement was statistically significantly (p<0.001) greater in the MACI group compared with the microfracture group.  In a responder analysis, the proportion of subjects with at least a 10‑point improvement in both KOOS pain and function (SRA) was greater in the MACI group (63/72 = 87.5%; 95% CI [77.6%, 94.6%]) compared with the microfracture group (49/72 = 68.1%; 95% CI [56.0%, 78.6%]).

The most frequently occurring adverse reactions (≥5%) reported for MACI in the 2‑year randomized, controlled clinical trial were arthralgia, tendonitis, back pain, joint swelling, and joint effusion.  Serious adverse reactions reported for MACI were arthralgia, cartilage injury, meniscus injury, treatment failure, and osteoarthritis.

Important Safety Information

  • MACI is contraindicated in patients with a known history of hypersensitivity to gentamicin, other aminoglycosides, or products of porcine or bovine origin.  MACI is also contraindicated for patients with severe osteoarthritis of the knee, inflammatory arthritis, inflammatory joint disease, or uncorrected congenital blood coagulation disorders.  MACI is also not indicated for use in patients who have undergone prior knee surgery in the past six months, excluding surgery to procure a biopsy or a concomitant procedure to prepare the knee for a MACI implant.
  • MACI is contraindicated in patients who are unable to follow a physician-prescribed post-surgical rehabilitation program.
  • The safety of MACI in patients with malignancy in the area of cartilage biopsy or implant is unknown.  Expansion of present malignant or dysplastic cells during the culturing process or implantation is possible.
  • Patients undergoing procedures associated with MACI are not routinely tested for transmissible infectious diseases.  A cartilage biopsy and MACI implant may carry the risk of transmitting infectious diseases to healthcare providers handling the tissue.  Universal precautions should be employed when handling the biopsy samples and the MACI product.
  • Final sterility test results are not available at the time of shipping.  In the case of positive sterility results, health care provider(s) will be contacted.
  • To create a favorable environment for healing, concomitant pathologies that include meniscal pathology, cruciate ligament instability and joint misalignment, must be addressed prior to or concurrent with the implantation of MACI.
  • Local treatment guidelines regarding the use of thromboprophylaxis and antibiotic prophylaxis around orthopaedic surgery should be followed.  Use in patients with local inflammations or active infections in the bone, joint, and surrounding soft tissue should be temporarily deferred until documented recovery.
  • The MACI implant is not recommended during pregnancy.  For implantations post-pregnancy, the safety of breast feeding to infant has not been determined.
  • Use of MACI in pediatric patients or patients over 55 years of age has not been assessed.
  • The most frequently occurring adverse reactions reported for MACI (≥5%) were arthralgia, tendonitis, back pain, joint swelling, and joint effusion.
  • Serious adverse reactions reported for MACI were arthralgia, cartilage injury, meniscus injury, treatment failure, and osteoarthritis.

About Articular Cartilage Defects of the Knee
Articular cartilage is a highly organized avascular tissue composed of chondrocytes embedded within an extracellular matrix of collagens, proteoglycans and noncollagenous proteins.  Its primary function is to enable the smooth articulation of joint surfaces, and to cushion compressive, tensile and shearing forces.  Articular cartilage damage is caused by both acute and repetitive trauma resulting in knee pain, effusion or mechanical symptoms such as catching and locking, and swelling.  Since articular cartilage is avascular it has little capacity to repair itself or regenerate.  Articular cartilage lesions that are left untreated may progress to debilitating joint pain, dysfunction, and osteoarthritis.3  The prevalence rate for cartilage lesions in the knee has been reported to be 63% in patients undergoing investigational arthroscopies.4

About Vericel Corporation
Vericel develops, manufactures, and markets expanded autologous cell therapies for the treatment of patients with serious diseases and conditions.  The company currently markets two cell therapy products in the United States.  Carticel® (autologous cultured chondrocytes) is an autologous chondrocyte implant for the treatment of cartilage defects in the knee in patients who have had an inadequate response to a prior arthroscopic or other surgical repair procedure.  Epicel® (cultured epidermal autografts) is a permanent skin replacement for the treatment of patients with deep dermal or full thickness burns greater than or equal to 30% of total body surface area.  Vericel is marketing MACI® (autologous cultured chondrocytes on porcine collagen membrane), an autologous cellularized scaffold product indicated for the repair of symptomatic, single or multiple full-thickness cartilage defects of the knee with or without bone involvement in adults, which has just been approved by the FDA.  Vericel is also developing ixmyelocel‑T, an autologous multicellular therapy intended to treat advanced heart failure due to ischemic dilated cardiomyopathy (DCM).  For more information, please visit the company’s website at www.vcel.com.

Epicel®, Carticel®, and MACI® are registered trademarks of Vericel Corporation. © 2017 Vericel Corporation. All rights reserved.

This document contains forward-looking statements, including, without limitation, statements concerning anticipated progress, objectives and expectations regarding the commercial potential of MACI® and our other products, and timing, and objectives and expectations regarding our company described herein, all of which involve certain risks and uncertainties. These statements are often, but are not always, made through the use of words or phrases such as “anticipates,” “intends,” “estimates,” “plans,” “expects,” “we believe,” “we intend,” and similar words or phrases, or future or conditional verbs such as “will,” “would,” “should,” “potential,” “can continue,” “could,” “may,” or similar expressions. Actual results may differ significantly from the expectations contained in the forward-looking statements. Among the factors that may result in differences are the inherent uncertainties associated with competitive developments, clinical trial and product development activities, regulatory approval requirements, estimating the commercial potential of our products and product candidates, market demand for our products, product performance and our ability to supply or meet customer demand for our products. These and other significant factors are discussed in greater detail in Vericel’s Annual Report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission (“SEC”) on March 14, 2016, Quarterly Reports on Form 10-Q and other filings with the SEC. These forward-looking statements reflect management’s current views and Vericel does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date of this release except as required by law.

References

1Saris D, Price A, Widuchowski W, Bertrand-Marchand M, Caron J, Drogset JO, et al. Matrix-applied characterized autologous cultured chondrocytes versus microfracture: two-year follow-up of a prospective randomized trial. Am J Sports Med. 2014 Jun;42(6):1384-94.

2Roos EM, Lohmander LS. The Knee injury and Osteoarthritis Outcome Score (KOOS): from joint injury to osteoarthritis. Health Qual Life Outcomes. 2003;1:64.

3Bedi A, Feeley BT, Williams RJ. Management of articular cartilage defects of the knee. J Bone Joint Surg Am. 2010;92(4):994‑1009.

4Curl WW, Krome J, Gordon ES, Rushing J, Smith BP, Poehling GG. Cartilage injuries: a review of 31,516 knee arthroscopies. Arthroscopy. 1997;13(4):456-60.

CONTACT:
Chad Rubin
The Trout Group crubin@troutgroup.com 
(646) 378-2947
or
Lee Stern
The Trout Group lstern@troutgroup.com
(646) 378-2922

UPDATE: Medtronic looks to sell $5B medical supplies biz

 – BY

Medtronic (NYSE:MDT) is working with advisors for a possible sale of its medical supplies business, according to a Bloomberg report.

The process is reportedly in an early stage, but the Fridley, Minn.-based company has been looking for prospective buyers for the division, which could be worth $5 billion.

The sale could happen in a single deal or through the divestiture of smaller chunks of the business, which sells general medical equipment including monitoring equipment, medical instrumentation, needles and other basic supplies.

A Medtronic spokesman declined to comment, citing the company’s policy on rumors of potential M&A or divestiture plans.

The medical supplies business reported earnings before interest, taxes, depreciation and amortization of approximately $500 million, according to Bloomberg, with the deal slated to snag in the range of 8 to 10 times that number.

READ THE REST HERE

BASEBALL’S NEXT MIRACLE SURGERY

1-30-2017 – by Will Carroll

“It’s a game changer.”

That phrase is often just hype, but when you hear it come from not one, but four of the top orthopedic surgeons in the country, it’s time to take note.

True changes in sports medicine come about once in a generation. Tommy John surgery, the arthroscope, the use of orthobiologic agents like PRP — these innovations are now part of the sports medicine landscape, and regularly help athletes come back from injuries that were career-altering or even career-ending not that long ago.

The latest new method isn’t on the drawing board; it’s in athletes already. And we’re about to see a lot more of it.

The innovation is really a product, not a surgery. It’s called SutureTape and it’s made by Arthrex, the large medical device manufacturer, after consultation with some of the top orthopedic surgeons. It’s use in surgery is called “InternalBrace.” The tape is affixed during surgery to brace a ligament or reconstruction as it heals, allowing early load and sometimes even return to play prior to complete biologic healing.

Many of the surgeons who consulted Arthrex on the development of SutureTape were on the stage at the recent Lewis Yocum Baseball Medicine Conference, run by the Kerlan-Jobe Clinic and super-surgeon Neil ElAttrache’s staff. A discussion among ElAttrache, Dr. John Conway of the Ben Hogan Clinic in Fort Worth, Dr. Orr Limpisvasti and Dr. Steven Shin of Kerlan-Jobe showed just how much potential this has.

 

READ THE REST HERE

ChoiceSpine acquires Exactech’s spine assets

KNOXVILLE, TENN. – February 1, 2017 – ChoiceSpine, a privately held spinal fusion device manufacturer based in Knoxville, Tenn., announced today it has acquired the spinal assets of Exactech (Nasdaq:EXAC). Exactech is a developer and producer of bone and joint restoration products for extremities, hip, knee and spine, with corporate headquarters in Gainesville, Fla.

“This is a great addition to our emerging product line,” said Rick Henson, co-owner of ChoiceSpine. “We look forward to building relationships with Exactech distributors and end users, as well as extending our product offering to potential new customers.”

The acquisition will also have beneficial international implications with Exactech having distribution channels in Spain, Portugal and Germany. “We currently have distribution partners in Italy and Mexico, so these new assets will immediately boost our international footprint,” added Marty Altshuler, co-owner of ChoiceSpine.

“This investment will continue to build the momentum behind our pursuit of becoming a prominent, full-line spinal implant provider.”

In addition to today’s acquisition announcement, ChoiceSpine also announced it would be rolling out several new products this year, along with a complete biologics line, set to complement its expanding implant portfolio.

Founded in 2006, ChoiceSpine now has more than 45 employees and is majority-owned by Henson and Altshuler. For more information on the company, visit choicespine.com.

About ChoiceSpine

ChoiceSpine is a privately held spinal implant company located in Knoxville, Tenn., and prides itself on providing excellent products and exceptional service to meet the needs of their customers.  ChoiceSpine offers a breadth of innovative and surgeon focused systems that are designed to be safe, efficient, and easy-to-use. By working closely with physicians and maintaining service-focused distribution, ChoiceSpine will continue to bring technically-superior spinal products to the market.

Merete was issued New US Patent for Lapidus plantar fixation

January 31, 2017

Merete was granted US Patent No. 9,545,276, covering a Lapidus plantar fixation device. The Metafix PlantarMax plate is designed as the first plantar/medial Lapidus fixation plate which takes advantage of the biomechanically superior fixation on the tension side of the MTC (Metatarsal/Cuneiform) joint during a Lapidus Hallux Valgus correction procedure. A medial incision allows adequate exposure of the MTC joint for both joint preparation and plate fixation. As cited in literature, fixation on the tension side of the joint is superior to dorsal or medial fixation and offers additional compression as the patient proceeds to weight bearing. The MetaFix PlantarMax Lapidus Plate is designed with 2 plantar locking screws, an interfragmentary screw hole and 2 medial locking (or non locking) screws for additional fixation.

For further information please contact: Jeff Johnson, National Sales and Marketing Manager

Merete Technologies, Inc., One Lincoln Center, 18W140 Butterfield Rd., 15th Floor, Oakbrook Terrace, IL 60181

Phone: 630‐613‐7181, Fax: 630‐613‐7184, service@merete‐medical.com

Kuros closes acquisition of Xpand creating a leading commercial-stage orthobiologics company

25 Jan 17

Kuros Biosciences (SIX:KURN) today announced the closing of the all-share strategic acquisition of Xpand Biotechnology B.V. of Bilthoven, the Netherlands. The takeover accelerates Kuros’ transition to commercial stage with two products expected to be ready for commercialization in the European Union this year, one of which may also obtain US approval. In addition, the acquisition provides Kuros with a EU operation with certified and GMP-controlled manufacturing capabilities.

Didier Cowling, CEO of Kuros, commented: “This acquisition provides us with attractive commercial prospects in key orthobiologic market segments as well as an EU hub for our future clinical and distribution operations. We look forward to working with the Xpand team to build an integrated business with promising products on the market and in development.”

Kuros’ first product, MagnetOs granules, is approved for sale in the EU for orthopedics and dental applications. In the US, MagnetOs is under regulatory review for spinal fusion. In addition, a putty formulation is being prepared for submission in the EU and the US in the second half of this year. Neuroseal, a novel biomaterial for dural sealing, is Kuros’ second product and currently under review for CE marking in the EU.

The founders of Xpand, renowned experts and key opinion leaders in the orthobiologics field, remain involved in the combined business and its development. Prof. Joost de Bruijn and Frank-Jan van der Velden remain in their current functions at Xpand as CEO and Managing Director (Mr. de Bruijn) and Head of Business Affairs and Finance (Mr. van der Velden) and join Kuros’ executive management team. Mr. van der Velden and Prof. Clemens van Blitterswijk will be proposed to the next Annual Shareholders’ Meeting as new members of Kuros’ Board of Directors.

Under the terms of the acquisition, Kuros issues a total of up to 2.105 new million shares, of which 1.365 million upon closing of the transaction. The first trading day of these new shares on the SIX Swiss Exchange will be January 25, 2017. A further 0.74 million shares will be issued upon achievement of milestones associated with product approvals.

In’Tech Medical Reports 2016 Results

MEMPHIS, TN (PRWEB) JANUARY 31, 2017

In’Tech Medical SAS, a world leader in Contract Manufacturing of surgical instruments in Orthopedics, reported today 2016 worldwide revenue of $61MM.

“Our organization delivered robust financial results in 2016,” said Laurent Pruvost, President of In’Tech Medical. “Most importantly, we established a global footprint with the acquisition of Ortho Solutions in Malaysia, and have invested over $5MM in new capital equipment to keep developing Manufacturing Expertise across the world.” He added, “Our goal is to continue to increase our capacity, improve our processes and expand our range of services, providing our customers with end-to-end value solutions.”

Beyond the recent development of the Group, Laurent Pruvost is committed to building up In’Tech Medical’s one-stop-shop offering while bringing to market proprietary cutting-edge instruments. In past year, the company launched a new knee impactor, hip reamers and other innovative technologies, which will be on display at upcoming AAOS, March 15-17 2017.

As a testimony to their commitment to providing innovative engineering solutions, In’Tech Medical stepped into the future of Orthopedic surgery at NASS 2016 by launching Wayvio, a new line of connected surgical instruments, with onboard electronics, designed to help OEMs, hospitals and surgery centers optimize logistics, traceability and accountability. More information can be found at http://www.wayvio.com.

With its manufacturing presence in North America, Europe and Asia, In’Tech Medical has established solid foundations for growth and customer satisfaction. The company is tailored to serve regional OEMs, as well as international players looking for global manufacturing solutions.

About In’Tech Medical

Founded in France in 2000, In’Tech Medical is a privately-held company that manufactures surgical instruments and implants. With the company’s recent acquisition of Turner Medical, Inc., the Group is a global leader in orthopedic contract-manufacturing. Powered by a diverse product portfolio, an ability to find solutions to complex engineering challenges, and with close to 500 employees globally, In’Tech Medical is ideally positioned for sustainable growth and personalized customer care.

OrthAlign, Inc. Continues Impressive Worldwide Growth in 2016, Including Milestone Achievement 56,000th Joint Arthroplasty Case

ALISO VIEJO, CA–(Marketwired – January 31, 2017) – OrthAlign, Inc., a privately held U.S. based medical device company developing precision technologies for orthopedic surgeons, announced today that it grew sales by approximately 30% in 2016 versus 2015.

Additionally, as of December 31, 2016, OrthAlign technology achieved another major milestone by completing its 56,000th joint replacement case. This milestone reflects the continued rapid adoption of OrthAlign’s precision alignment and positioning technology by surgeons throughout the world.

OrthAlign technology provides a highly accurate handheld computer for surgeons to receive real-time data for precise alignment and positioning of components in total knee, unicondylar knee, and total hip (both posterior and anterior) arthroplasties. Over 15 peer-reviewed clinical studies have been published to date, validating OrthAlign’s accuracy and simplicity of use.

2016 Key Selected Highlights:

  • OrthAlign’s international business grew by 43% in 2016 versus 2015.
  • OrthAlign Plus® for use in cup placement of direct anterior approach total hip arthroplasties launched in the United States, successfully completing over 500 surgeries. On January 23, 2017, the US FDA 510k cleared the leg length and offset applications for the direct anterior approach. The entire system will be commercially available in the United States Q2 of 2017.
  • OrthAlign Plus for the posterior approach launched in Japan for use in total hip arthroplasty (cup placement, leg length, and joint offset) surgeries.
  • UniAlign® for use in partial knee replacement surgeries received FDA 510k clearance and limited user release commenced. The entire system will be commercially available worldwide as early as Q2 of 2017, based on local regulatory requirements.
  • OrthAlign’s Product Development team grew by over 50% in 2016.
  • OrthAlign announced a multi-country distribution agreement with Smith & Nephew, giving rights for distribution of KneeAlign® technology throughout 21 countries across Asia, India, Africa, the Middle East, Australia, and New Zealand.
  • Eric B. Timko, former President and Chief Executive Officer of Blue Belt Technologies, joined OrthAlign’s Board of Directors.

“OrthAlign’s 2016 sales performance reflects the continued recognition and growth of our unique technology in the global marketplace. In this day and age of bundled payments and the push for lower healthcare costs, the world is seeking a technology that has proven clinical results, is simple for surgeons to use, and is affordable,” said William E. Maya, OrthAlign’s Chief Executive Officer. “OrthAlign addresses each of these requirements and is poised for an even more successful 2017.”

OrthAlign will be showcasing its full portfolio of products, including the recently approved Direct Anterior HipAlign technology at this year’s AAOS meeting in San Diego, CA, March 15-18, 2017 at booth #5615.

About OrthAlign, Inc.

OrthAlign is a privately held medical device and technology company, committed to providing orthopedic surgeons with cutting edge, user-friendly, surgical navigation products for precise alignment and positioning. We believe that our technology will raise the standard of care in Joint Arthroplasty surgeries by making consistent and measurable results accessible and affordable to all surgeons, hospitals, and patients. Our strategy is to leverage this technology to provide simple and precision-driven solutions for a broad range of orthopedic procedures. For more information regarding OrthAlign, please visit www.orthalign.com.

ORTHALIGN®, ORTHALIGN PLUS®, KNEEALIGN®, KNEEALIGN® 2, HIPALIGN®, and UNIALIGN® are [registered] trademarks of OrthAlign, Inc.”

CONTACT INFORMATION

Northwell Health is First on Long Island to Acquire Synaptive Medical’s BrightMatter™ Technology for Complex Brain Tumor and Spinal Surgery

January 31, 2017 – TORONTO–(BUSINESS WIRE)-

Synaptive Medical Inc., a medical device and technology company, is pleased to announce that North Shore University Hospital, a member of Northwell Health, is the first center on Long Island to acquire the BrightMatter technology, an innovative solution of advanced imaging, planning, navigation, and robotics for complex brain tumor and spinal surgery.

“In our efforts to provide our patients with the absolutely latest technology and expertise, Northwell Health’s Neuroscience Institute and Cancer Institute are delighted to introduce Synaptive’s BrightMatter neurosurgical system to our area,” said Raj K. Narayan, MD, Northwell Health’s senior vice president, neurosurgery service line. “Being one of the first centers in the country to adopt this technology, we will now be able to approach tumors in the brain with visualization of details that will enable us to perform safer procedures and provide better outcomes. The system allows neurosurgeons to use sophisticated magnetic resonance imaging (MRI) data to gain insight into the structure of white matter, which can help them locate neural pathways responsible for a patient’s ability to walk, speak, or see. A very kind gift from the estate of a patient, Mr. Irwin Davis, who himself had a brain tumor several years ago, made this advance possible. We are all very grateful, as will be many future patients.”

BrightMatter provides neurosurgeons with the latest advancements in visualization tools to perform minimally-invasive, patient-specific procedures. Using an imaging method called diffusion tensor imaging, or DTI, BrightMatter uses tractography to automatically enhance MRI images of the entire brain’s pathways, allowing surgeons to see structures that can’t be seen with the naked eye and consider approaches for optimal navigation. This functionality may allow access to brain locations previously deemed inoperable.

With this information, surgeons can use Synaptive’s high-powered magnification system to view patient anatomy. This optical visualization system, mounted on a robotic arm, follows the surgeon’s tools and shows patient anatomy in unprecedented detail. BrightMatter allows for better surgical ergonomics, facilitates collaboration with operating room staff, and consumes less surgical time without the need to manipulate cumbersome optics.

“With the addition of this state-of-the-art technology, we will not only offer our patients unique treatment options, but also conduct clinical oncology research for discovery of still better approaches as we go forward,” said George Raptis, MD, Northwell Health’s senior vice president, cancer service line. “This is in step with Northwell Health’s ongoing commitment to all the communities we serve.”

Synaptive is uniquely positioned to support Northwell Health’s commitment to be on the forefront of care through state-of-the-art technologies and innovative research. “Collaborating with surgeons to better understand their challenges in the operating room is deeply rooted in Synaptive’s culture,” said Cameron Piron, Synaptive’s president. “Their insights fuel our development work and help our engineering teams to design integrated solutions, both for today and for operating rooms of the future. We look forward to exploring new opportunities with Northwell Health’s neurosurgical team.”

About Northwell Health

Northwell Health is New York State’s largest health care provider and private employer, with 21 hospitals and over 550 outpatient facilities. We care for more than two million people annually in the metro New York area and beyond, thanks to philanthropic support from our communities. Our 61,000 employees – 15,000+ nurses and nearly 3,400 physicians, including nearly 2,700 members of Northwell Health Physician Partners — are working to change health care for the better. We’re making breakthroughs in medicine at the Feinstein Institute. We’re training the next generation of medical professionals at the visionary Hofstra Northwell School of Medicine and the School of Graduate Nursing and Physician Assistant Studies. And we offer health insurance through CareConnect. For information on our more than 100 medical specialties, visit Northwell.edu.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170131005866/en/

How Digital Health Companies Are Navigating The Rough Waters Of Trump Era Healthcare Politics

Donald Trump’s election combined with continued Republican control of Congress creates uncertainty for the U.S. health care economy that has no recent parallel. Digital health companies and digital health investors are undeterred. Many push forward by focusing on long-standing patient needs and efficiency challenges that any administration will need to tackle.

Healthcare is highly regulated, the federal government pays for half of it, and were are in the midst of a major reform launched by President Obama and a Democrat-controlled Congress in 2010. Now new hands are on the tiller, and they promise a sharp turn to starboard, but as of yet they not have plotted a comprehensive and coherent course. The Kaiser Family Foundation, IMHO one of the best resources for understanding U.S. healthcare, posted a distillation of President-elect Trump’s declared positions on healthcare after the election. What does he intend to do beyond repealing the ACA and replacing it with something “much better”? KFF distills Trump’s declared intentions into six points, summarized below:

•  Health insurance: Trump would completely repeal the ACA including the mandate for individuals to have insurance coverage and for insurers to cover them regardless of pre-existing conditions. Instead, he would create high risk pools for individuals with expensive pre-existing conditions, and, in lieu of premium tax credits, Trump would provide a tax deduction for the purchase of individual health insurance.  He would seek to keep individuals’ costs down by allowing insurers to sell plans across state lines, increasing competition which should reduce premiums, and by increasing use of tax-advantaged Health Savings Accounts (HSAs) which incent consumers to shop for the best prices for healthcare.

 

READ THE REST HERE