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HHS Proposes Adoption of ICD-10 Code Sets, Updated Transactions Standards
The Department of Health and Human Services (HHS) today announced a long-awaited proposed regulation that would replace the ICD-9-CM code sets now used to report healthcare diagnoses and procedures with greatly expanded ICD-10 code sets, effective Oct. 1, 2011. In a separate proposed regulation, HHS has proposed adopting the updated X12 standard, Version 5010, and the National Council for Prescription ...(More)
8/20/2008
Draeger Medical Receives FDA Approval for MRI Anesthesia Machine
TELFORD, Pa. — Draeger Medical Inc. received Food and Drug Administration approval for the Draeger Fabius MRI anesthesia machine. This machine is designed specifically to meet the requirements for the magnetic resonance imaging (MRI) environment. The Fabius MRI is designed for use with 1.5T and 3.0T MRI systems. An integrated Teslameter provides an acoustic alarm if the Fabius MRI is ...(More)
8/20/2008
Owens & Minor to Acquire The Burrows Co. for $30 Million
RICHMOND, Va. — Owens & Minor Inc. signed a definitive agreement to acquire certain assets and liabilities of The Burrows Co. of Wheeling, Ill., a privately-held distributor of medical and surgical supplies to the acute care market. Owens & Minor will pay $30.2 million for the net assets of the company and will assume its debt. The final purchase price ...(More)
8/20/2008
MGMA Believes ICD-10 Compliance Date is Unworkable
ENGLEWOOD, Colo.— The Medical Group Management Association (MGMA) is extremely disappointed that the Centers for Medicare & Medicaid Services (CMS) has called for an Oct. 1, 2011 compliance date for full implementation of the International Classification of Diseases, Tenth Revision (ICD-10) code sets. MGMA supports the move to ICD-10, but contends that the date proposed in the regulation is not ...(More)
8/20/2008
Urologists Report Success Using Robot-Assisted Surgery for Urinary Abnormality
WINSTON-SALEM, N.C. – Ashok Hemal, MD, a urologic surgeon from Wake Forest University Baptist Medical Center, and colleagues have reported success using robot-assisted laparoscopic surgery to repair abnormal openings between the bladder and vagina known as fistulas. Reporting on their experience with seven patients, Hemal and colleagues have the world's largest known success with the procedure.Their report appears online in ...(More)
8/20/2008
Broadlane Announces Completion of Majority Investment
DALLAS — Broadlane announced that TowerBrook Capital Partners L.P., a private equity firm based in New York and London, has completed the transaction to acquire a majority interest in the company. Under the terms of the agreement, Broadlane’s senior management team will continue to retain a significant ownership interest in the company. Complete terms were not disclosed. Debt financing for ...(More)
8/20/2008
Starion Instruments’ Shears Ideal for Endoscopic Radial Artery and Saphenous Vein Harvesting
SUNNYVALE, Calif. — Starion Instruments, a leading surgical device company, announced that a study presented at the 2008 Annual Scientific Meeting of the International Society for Minimally Invasive Cardiothoracic Surgery (ISMICS) found Starion’s Tissue Ligating Shears provides a safe and effective solution for endoscopic harvesting of the radial artery and saphenous vein.Minimally invasive vessel harvesting is an important technique for ...(More)
8/20/2008
Kimberly-Clark Glove Supply Remains Strong Despite Market Changes
ROSWELL, Ga. — Kimberly-Clark Healthcare, the market leader in nitrile exam gloves, announced its commitment and preparedness to meet its customers’ glove demand despite the recent notification from China-based Hong Ray Enterprises, the world’s largest manufacturer of vinyl gloves, of their production shortfalls, shipping delays and price increases.“With the market changing over the past several months, we ramped up our ...(More)
8/20/2008
FirstDoNoHarm.com Launches Content to Reduce HACs
RESEARCH TRIANGLE PARK, N.C., — FirstDoNoHarm.com has launched new content and resources to support healthcare practitioners and executives preparing for enactment of CMS reimbursement rules for hospital-acquired conditions (HACs). Originally introduced more than two years ago, FirstDoNoHarm.com was one of the first Web sites focused on building clinician awareness of infection-protection and compliance issues.Now available on FirstDoNoHarm.com is a special ...(More)
8/19/2008
Hospital Health Information Management Directors Comment on RAC Program
MINNEAPOLIS, Minn. — Ninety-two percent of hospital Health Information Management (HIM) directors are familiar with the Centers for Medicare and Medicaid Services (CMS) Recovery Audit Contractor (RAC) program, but few expect it to have a positive financial effect on their facility, according to an independent national survey completed last month on behalf of Wolters Kluwer Health. Of the HIM directors ...(More)
8/19/2008
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