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CardioNet

This article was originally published in The Gray Sheet

Executive Summary

The firm's first mobile outpatient cardiac telemetry service center will open for full commercial operation in Philadelphia in June. The facility will offer monitoring, reimbursement, physician in-service, sales and patient home hook-up services for Cardionet's ambulatory monitor, which was 510(k)-cleared in February for continuous outpatient monitoring to detect infrequent cardiac arrhythmias. The San Diego company sells the device and full monitoring service directly to cardiologists, focusing on electrophysiologists. Eventually, the company plans to have a service center in every major metropolitan area, but chose Philadelphia for its first center because of the relatively high Medicare reimbursement for "around-the-clock" cardiac telemetry that is available in Pennsylvania...
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