For fiscal year (FY) 2016, Medtronic generated $28.8 billion in revenue and $3.5 billion in net earnings and achieved several milestones pertaining to research and philanthropy.

Shockwave Medical has received $45 million in Series C financing, which the company plans to use to develop the its lithoplasty balloon catheter platform.

Physicians suffer more burnout at rates much higher than the typical American worker—and their exhaustion is causing medical errors and costing hospitals money. 

MedNet, a remote cardiac monitoring company, agreed to pay more than $1.35 million to resolve kickback and false Medicare claims allegations. The U.S. Attorney’s office in New Jersey announced the settlement Nov. 15 and said there had been no determination of liability.

The market for interventional cardiology and peripheral vascular devices is expected to grow at a compound annual growth rate of 9.7 percent from 2016 to 2022, reaching $25 billion by 2022.

The prices of three common generic drugs for heart failure vary considerably among retail pharmacists, according to an analysis 153 chain and 22 independent pharmacies in Missouri and Illinois. Guidelines recommend each of the three medications (digoxin, lisinopril and carvedilol) for patients with heart failure.

A retired cardiologist argued in a recent editorial that hospitals’ competition for profits has been a major reason healthcare costs in the U.S. have become the highest in the world and continue to increase. He also called for Congress to redefine what a “nonprofit” hospital means.

The incentives in CMS programs may have led to unintended consequences.