1. Costs of Care Launches Story Contest
Every year, the non-profit value-based care organization Costs of Care holds an essay contest inviting patients, clinicians and students to share real stories about the successes and failures of healthcare affordability. Why? “Ultimately, no amount of regulating, reorganizing or otherwise reforming the healthcare system will successfully contain costs unless healthcare providers are interested in fixing the problem,” says Neel Shah, MD, Executive Director at Costs of Care. The essay contest will allow patients and clinicians to detail the difficulty of providing affordable care, and $4,000 in prizes will be awarded.
2. John Hancock Introduces Wellness Program
The NYTimes announced this week that John Hancock will become the first life insurance company to introduce a wellness program for American consumers, providing discounts for consumers whose health data show healthy living habits. This system has been used in South Africa, Europe, Singapore and Australia and has the potential to change the way life insurance is priced.
3. Doximity Jumps into Apple Watch
Doximity, a social network for doctors, will offer a version of its app for Apple’s wearable device, scheduled to be released later this month. According to MedCity News, the new app will allow physicians to send and receive messages (all in a HIPPA-secure setting), manage messages from colleagues and receive alerts about faxes.
4. Boston Tops MedTech City List
QMed recently released a list of the top 10 medical device hubs in the United States, with results stemming mostly from their poll of more than 200 members of their audience. Boston/ Cambridge came in second on the list (ahead of the Silicon Valley!) with 19.3% of votes. According to QMed, Massachusetts employs 18,893 medical device employees. In 2014, venture firms invested $363.9 million in medtech in MA, and 2.4 billion in funding was awarded to organizations in MA by the NIH, second only to Minneapolis.
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