Management

This page includes content on healthcare management, including health system, hospital, department and clinic business management and administration. Areas of focus are on cardiology and radiology department business administration. Subcategories covered in this section include healthcare economics, reimbursement, leadership, mergers and acquisitions, policy and regulations, practice management, quality, staffing, and supply chain.

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BrightWater Medical Closes Series A Financing

Mountain View, CA, May 24, 2016 — BrightWater Medical, Inc. announced today that it has successfully completed a Series A financing round for $5.2 million. The round was led by OSF Ventures, the corporate investment arm of regional health system OSF HealthCare, and included investments from angel groups and private investors. The funding has covered initial costs for product development, intellectual property, and regulatory filings for BrightWater’s innovative ConvertX™ Nephroureteral Stent System* and will accelerate its on-going, advanced development towards US and European approvals. 

OSF Ventures Leads Series A Funding Round in Newest Investment

Peoria, IL (May 24, 2016) –OSF Ventures, the corporate investment arm of OSF HealthCare, led a $5.2 million Series A financing round in BrightWater Medical, Inc., a California-based mid-stage medical device company founded by a Peoria doctor.

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Minn. county complains about cost of 'ineffective' IT system

Hennepin County, the most populous county in Minnesota, said it will be forced to hire 92 new employees because of new requirements involving the MNSure health insurance exchange, which the county labels “an ineffective system,” reported the Minneapolis Star-Tribune.

State news roundup: Vt. mandates vasectomy coverage, Medicaid expansion dead in Okla.

Here are some highlights of healthcare news from Vermont, Oklahoma, Minnesota and Arizona.

DaVita to expand in Orlando with Family Health Care buyout

DaVita Healthcare Partners Inc. has acquired Family Health Care of Central Florida to expand its presence in Orlando metro area, reported Zacks.

Healthcare tech vet Gary Christian joins REACH Health as COO

REACH Health, a telemedicine software company, has announced Gary Christian has been appointed to the senior executive team as COO, responsible for operations and finance.

Anthem, Cigna deal at risk after letters reveal bickering among executives

Problems have surfaced in the Anthem Inc's $48 billion proposed acquirement of Cigna Corp, as the health insurers seek regulatory approval for their landmark deal, according to the Wall Street Journal.

Telemedicine may take advantage of Supreme Court ruling on med boards

Individual members of state medical boards can be sued for antitrust violations thanks to the Supreme Court’s decision in North Carolina State Board of Dental Examiners v. Federal Trade Commission, which has now led to at least five such suits against health licensing boards across the country,

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Around the web

Cardiovascular Business
FDA says years-long tirzepatide shortage is resolved, will give limited leeway to compounders

The tirzepatide shortage that first began in 2022 has been resolved. Drug companies distributing compounded versions of the popular drug now have two to three more months to distribute their remaining supply.

AI in Healthcare
From Capitol Hill to a hospital near you? 5 federal recommendations for healthcare AI policy

The 24 members of the House Task Force on AI—12 reps from each party—have posted a 253-page report detailing their bipartisan vision for encouraging innovation while minimizing risks. 

Cardiovascular Business
Merck spends up to $2B to license new weight loss drug with potential heart benefits

Merck sent Hansoh Pharma, a Chinese biopharmaceutical company, an upfront payment of $112 million to license a new investigational GLP-1 receptor agonist. There could be many more payments to come if certain milestones are met.