Industry News & Competitive Intelligence
March 5, 2013
Looming federal spending cuts will hit hospitals where it hurts
Hospitals across the country will face significant job losses…Hospitals projected to flip from operating in the black to the red include notable institutions like Cedars-Sinai Medical Center in Los Angeles, which faces an estimated $9 million cut in Medicare payments; Yale-New Haven Hospital in Connecticut, which could lose an estimated $6.4 million; Loma Linda University […]
Tags: Cedars-Sinai Medical Center, job losses, McClatchy, Medicare payments, payment cuts, Yale-New Haven Hospital
March 4, 2013
Osseo native puts aside college hoop dreams for groundbreaking career as medical researcher
Less than two decades later, Dr. Timothy J. Nelson, 37, stands poised at the forefront of medical research, leading a team at Mayo Clinic in Rochester, Minn., that hopes to change the future of medicine through its quest for the Holy Grail of healing: regenerative medicine. The goal is to be able to bioengineer stem […]
Tags: bioengineer, Dr. Timothy Nelson, Eau Claire Leader-Telegram, Medical research, regenerative medicine, stem cells
March 4, 2013
Mayo Clinic endocrinologist awarded for lifelong service
Mayo Clinic endocrinologist and researcher Colum A. Gorman has been awarded the Order of Orange-Nassau by the Netherlands for his lifelong work and collaborations…”This is a great honor for Dr. Colum Gorman and well deserved, consistent with his strong dedication and service that he has given to his patients, medicine and Mayo Clinic over many […]
Tags: Dr. Colum A. Gorman, Dr. John Noseworthy, Order of Orange-Nassau, Post Bulletin, service
March 4, 2013
Heard on the Street: Mayo Clinic hires national PR firm
Mayo Clinic is always a hot topic in the Med City, but its recent high-profile moves have brought even more state and national attention to the world-famous clinic. To help manage how its messages are delivered on those stages, Mayo Clinic recently contracted with Widmeyer Communications, a high-powered PR firm based in Washington, D.C., and New York […]
Tags: Med City, message, Post Bulletin, PR firm, Widmeyer Communications
March 4, 2013
Mayo accelerator tenants all co-founded by Mayo employees
The Mayo Clinic has announced the four startups and two venture capital firms that will occupy its Rochester, Minn.-based business accelerator, which opened its doors Friday. Mayo employees co-founded all of the startups, including Evidentia Health, a health IT firm that has licensing deals with Mayo and the University of Minnesota, and Resoundant, a company developing medical-imaging technology. […]
Tags: Evidentia Health, Mayo Clinic Business Accelerator, Minneapolis-St. Paul Business Journal, Resoundant, startups, University of Minnesota, venture capital firms
March 1, 2013
CEO says Mayo Clinic in ‘very, very strong financial position’
Mayo Clinic estimates that the reimbursements it receives for patient care will be cut 20 percent to 40 percent in the next five years because of a rapidly changing health-care system. But even with Standard & Poor’s recent downgrade of its outlook on Mayo’s debt, clinic CEO Dr. John Noseworthy said the nonprofit health-care provider […]
Tags: debt, Dr. John Noseworthy, patient care, Post Bulletin, reimbursements, Standard & Poor
February 26, 2013
Research partnership uncovers cancer clues
When it comes to making inroads in the fight against cancer, two heads are better than one…Mayo Clinic molecular biologist Jim Maher, Ph.D., and University of Minnesota medicinal chemist Gunda Georg, Ph.D., led the research, which is published the findings in the journal PLoS ONE…The findings suggest that drugs might work by blocking the yeast […]
Tags: Dr. Gunda Georg, Dr. Jim Maher, KARE 11, PLoS One, University of Minnesota, yeast cells
February 26, 2013
Computerization in Health Care Demands High Data Standards
Recent reports bookend the promise and peril of computerization and the electronic medical record in health care. On the truly positive side, the Mayo Clinic and UnitedHealth Group have teamed up to form Optum Labs, a research group aimed at mining (initially) claims records for over 100 million people and 5 million clinical records. The lab underscores the hope […]
Tags: claims records, computerization, data analytics, electronic medical records, Harvard Business Review, Optum Labs, UnitedHealth Group
February 25, 2013
Philips and Mayo Clinic partner to reduce ICU complications
The new Center for Medicare and Medicaid Innovation, part of the Centers for Medicare and Medicaid Services, recently awarded $16 million in funding to Mayo Clinic and Philips Research North America to partner on developing a system that will reduce ICU complications for a consortium of hospitals. The collaborators are creating a cloud-based clinical decision […]
Tags: Ambient Warning and Response Evaluation, Center for Medicare and Medicaid Innovation, cloud system, DOTmed, funding, ICU complications, IntelliBridge Enterprise, Philips Research North America
February 19, 2013
Ex-Medtronic exec named CTO to Mayo Clinic, U-M joint venture on diabetes
A former Medtronic executive has been named the chief technology officer for a joint effort to defeat diabetes formed about two years ago by the University of Minnesota and the Mayo Clinic. Maura Donovan, who was vice president of therapy research and development at Fridley-based Medtronic (NYSE: MDT), was named CTO for Decade of Discovery. Minneapolis St. […]
Tags: Decade of Discovery, diabetes, Dr. Maura Donovan, Medtronic, Minneapolis-St. Paul Business Journal, University of Minnesota