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Navigating the Medicare Maze: Challenges & Opportunities in Healthcare Innovation
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- Healthcare Nation Podcast features Dr. Bruce Quinn, a national expert on Medicare, business innovation, and federal health policy.
- Dr. Quinn has been tracking genomics policy since 2006 and authored numerous white papers on CMS payment and coverage for genomics.
- Dr. Quinn's background includes an MD, Ph.D. from Stanford, postdoc in neuroscience at MIT, UCLA Path and Neuropathology, and an MBA from Kellogg.
- The podcast discusses the impact of technology on healthcare, including telemedicine, remote care, genomics, and precision medicine.
- Challenges faced by startups in the healthcare sector include difficulties navigating the Medicare system and aligning with payment structures.
- Dr. Quinn shares a case study about HeartFlow, a company that struggled for years to enroll in the Medicare program and faced pricing issues.
- CMS has been struggling to adapt to new digital innovations outside of telemedicine, often colliding with AMA coding systems or payment policies.
- The healthcare industry's approach to bundling payments can be problematic for companies trying to introduce cutting-edge innovations.
- Startups must recognize the importance of understanding CMS and insurance provider requirements to avoid roadblocks during commercialization.
- The podcast emphasizes the need for alignment between healthcare innovations and existing payment structures to ensure successful implementation.
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