Feds charge two dozen in billion-dollar Medicare brace scam
Federal agents on Tuesday broke up a billion-dollar Medicare scam that peddled unneeded orthopedic braces to hundreds of thousands of seniors.
Medical equipment
Articles
Entrepreneur finds financial success with deep-tissue therapy
Entrepreneur Michael Arnolt teamed with an inventor more than 20 years ago to launch an enterprise that has sold thousands of steel therapy instruments and trained thousands of clinicians.
Firm that repairs ultrasound probes grows quickly
Fast-growing Fishers-based Probo Medical serves a niche within a niche: It repairs and refurbishes ultrasound equipment—more specifically, the probes for ultrasound systems.
Maker of opioid treatment planning Indy-area expansion
Innovative Health Solutions Inc. recently received FDA approval for a device that treats opioid withdrawal symptoms.
Device maker SonarMed ponders whether to go solo or find a partner
The Carmel-based company makes a device that uses sound waves to help position and monitor breathing tubes for newborns in hospitals.
Bellwether Cook blood-clot-filter case heads to trial
The first case against Bloomington-based Cook Group from patients who say the company’s blood-clot filters malfunctioned is headed for trial this fall in Indianapolis.
GOP president, Congress could dump medical-device tax
For years, medical-device makers in Indiana and around the nation have insisted that the 2.3 percent tax on sales to help fund the Affordable Care Act has hurt business and slowed innovation.
Indy-based NICO works for acceptance of less invasive brain surgery tools
Currently, only about 2-4 percent of U.S. brain surgeries for tumors, strokes and other abnormalities are done with NICO’s low-invasive approach.
Carmel-based Stratice aims to be Amazon of health care
Carmel-based Stratice Healthcare LLC wants to take the concept of electronic prescribing for drugs and extend it to most of the rest of the health care system.
Revenue has nearly tripled in past two years for blood-test maker
PTS Diagnostics engineered an about-face on its business plan five years ago, ditching its retail strategy to focus on serving physicians and nurse practitioners. This year, PTS is on pace to record revenue of nearly $50 million, up from $17 million two years ago.
Zimmer profit beats forecasts, shares rise 4 percent
Shares of Warsaw-based orthopedic device maker Zimmer Holdings Inc. have doubled the performance of the S&P 500 so far this year.
Hendricks County pitching motorsports skill, expertise to medical manufacturers
Hendricks County finds pay dirt pitching skills of racing industry to medical device manufacturers.
Zimmer-Biomet deal could stanch their bleeding at hospitals
Hospitals, which have forced orthopedic implant makers to lower their prices in recent years, may have a harder time doing so when the combined Zimmer-Biomet controls nearly 40 percent of the market.
Roche battles payment cuts while growing diagnostics business
New tests have helped Roche Diagnostics grow its North American revenue, excluding its troubled diabetes care business, 23 percent over the past five years. But the money for diagnostic tests continues to go down in key areas, noted CFO Wayne Burris.
IU professors’ invention tracks eyes to detect brain injuries
Two Indiana University School of Optometry professors are tackling diagnosis of one of the most difficult medical problems facing sports teams at every level: head injuries.
Technology on track to dramatically change health care
Cost pressures are forcing health care providers to extend the reach of limited resources.
Symbios collapse snares local investors
Symbios Medical Products LLC filed for Chapter 7 bankruptcy liquidation, costing numerous Indianapolis-area angel investors large sums.
Cook to unleash wave of ear, nose, throat products
Bloomington-based Cook Medical Inc. recently launched two new products and expects to launch eight to 10 more over the next year.
Good news, bad news for Cook stent business
While Bloomington-based medical-device maker won approval for new bile duct stent, it has recalled its hot-selling arterial stent from all global markets.
Growing ENT market attracts Cook
Bloomington-based Cook Medical announced a new division to capitalize on the growing market for minimally invasive procedures to fix problems in ears, noses and throats, as well as other maladies of the head and neck.