Wife of Parkinson's sufferer invents magnetic shirt; Medical device venture capital drying up;

News From Around the Web

> In Raleigh, N.C., Maura Horton, wife of Parkinson's sufferer and former college football coach Don Horton, has invented a magnetic shirt that closes buttons automatically. According to The Daily Mail UK, 1,000 "MagnaReady" shirts retailing for $59.99 have been sold out of Horton's home and online at MagnaReady.com. Article

> The medical device industry, struggling to adapt to a thriftier healthcare system, is getting squeezed by a venture-capital drought, the Wall Street Journal reports. "Investment in the medical device and equipment industry is on pace to fall to $2.14 billion this year, down more than 40 percent from 2007 and the sharpest drop among the top five industry recipients of venture funding," according to an analysis of data compiled by PricewaterhouseCoopers and the National Venture Capital Association. Article

Mobile Healthcare News

> Mobile health is getting fashionable. Researchers from Clemson University and Dartmouth College announced they have been awarded a $1.5 million National Science Foundation grant to launch a project to design and develop "computational jewelry" to support mHealth apps. Announcement

Provider News

> Healthcare leaders discussed healthcare reform, the transition to value-based care and how to address the physician shortage Monday at the opening keynote session of U.S. News & World Report's Hospital of Tomorrow conference. U.S. News Chairman and CEO Mortimer Zuckerman delivered opening remarks, speaking of unsustainable costs and the need to transition from the fee-for-service model to value-based care to keep those costs under control. Article

> New research suggests many common beliefs about "medical tourism" are incorrect, according to a study announcement. The research, which will be published in an upcoming issue of the journal Policy & Politics, indicates that fewer people are prepared to travel internationally for medical treatment than conventional wisdom holds. Costs for treatment are fully recouped under medical tourism, unlike health tourism, which typically involves no intention to pay. Article

And Finally... When a city acts like a superhero. Article


 

 

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