CardioNet - Competitors

CardioNet Competition

Now Viewing CardioNet's competition in: Healthcare (primary)

Recent Developments

Massachusetts Boosts Penalty for Uninsured - Massachusetts residents who can afford health insurance but don't buy it may face penalties in 2008 that are four times higher than in 2007, according to the state Department of Revenue. Massachusetts passed a law in 2006 making it the first state to require adults to have health insurance. State officials say that the higher penalty is intended to convince residents that paying for insurance is cheaper than paying the penalty.

Study Shows Insurance Improves Health - Uninsured people 55 and older significantly reduce their risk of declining health after they enroll in Medicare at 65, according to a study in <i>The Journal of the American Medical Association</i>. Risk is reduced most for those with diabetes and cardiovascular disease. The lead author of the study says that it provides some of the strongest evidence yet that expanding health coverage to the uninsured improves their health.

US Government Hopes to Improve Accuracy of Healthcare Payments - The impending retirement of large numbers of baby boomers isn't the biggest threat to federal healthcare spending, according to the US Congressional Budget Office: wide variations in what Medicare pays for medical procedures is. A 2007 proposal by the Centers for Medicare & Medicaid Services to create 745 new diagnosis-related groups (DRGs) to replace the current 538 may improve the accuracy of Medicare payments.

Competitive Landscape

Although a large majority of hospitals are operated by nonprofits, most doctor offices, nursing homes, insurers, and manufacturers of medical products are for-profit entities. The industry is one of the few in the US with large participation from the government, both as a direct-care provider through the Department of Veterans Affairs and other hospitals and clinics, and as an operator of health insurance and other payment programs like Medicare and Medicaid.

Full Industry Overview For Healthcare

Healthcare Industry Forecast

from Hoover's/D&B subsidiary First Research

The US output for healthcare, a sector that includes physicians, dentists, other professional medical services, hospitals, home healthcare, and nursing homes, are forecast to grow at an annual compounded rate of 5.9 percent between 2007 and 2012.

Strong Steady Growth on Healthcare

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.