Wednesday, November 26, 2008

Here are the latest product-related developments in the eldercare marketplace, from McKnight's



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• THE LATEST BUZZ

Leaping ahead

February 04, 2008

Tips and traps of clinical reimbursement documentation will be under discussion during a free McKnight's webcast Feb. 29. The hour-long event will deal with MDS documentation "hot spots," operations concepts to enhance reimbursement and the importance of documentation to support coding. Rita R. Roedel will be the key presenter. She is the national director of clinical reimbursement for Extendicare Health Services Inc. The session will start at 1:30 p.m. (Eastern) and is sponsored by Resource Systems. Free registration can be completed now at www.mcknights.com.
 

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Penner is changing the face of bathing. Create the ultimate bathing experience and home-like atmosphere. Choose colors, options, and styles with The Cascade Series of spas from Penner Manufacturing. All spas carry a five year warranty.
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• NEW IN THE MARKET

Active interest

February 04, 2008

Nintendo's Wii video games are becoming increasingly popular across eldercare settings. Players can use the Wii remote to mimic actions performed in real life sports, such as bowling, tennis, golf, baseball and boxing.
 

Brand loyalty

February 04, 2008

Hickory Hardware has launched a new caster line that gives providers a unique marketing opportunity. Faultless Marquee M700 Series casters allow facilities to add their logo and colors to the product. The casters offer precision-bearing, glass-filled nylon wheels that absorb impact and are zinc-plated, according to the firm.
 

Safety first

February 04, 2008

Colonial Medical Assisted Devices recently introduced the Moen Locking Elevated Toilet Seat. The product raises to a height of 4.5 feet in front. It features a contoured seat and wider opening for greater comfort. The product fits most round and elongated seats, and can accommodate residents who weigh up to 350 pounds.
 

• NEWSMAKERS

Tech tools resonate

February 04, 2008

Technology-related innovations - such as chair sensors and computer programs that test memory - received a welcome response from lawmakers during a symposium in Washington last week. "Technological innovation is key to improving advancements in the quality of life," said Sen. Herb Kohl (D-WI). "The technology here today will help seniors age in their own homes with dignity and lead longer, healthier, happier lives," he added. The Senate Special Committee on Aging, the Medical Technology Caucus and the Center for Aging Services Technology hosted the symposium.
 

Invacare rebounds

February 04, 2008

Invacare reported a dramatic turnaround in fourth-quarter earnings. The maker of wheelchairs and other healthcare products reported that net income for the latest fourth quarter reached $7 million, or 22 cents a share. In the year-ago period, Invacare lost $337.6 million.
 

CIT announces new fund

February 04, 2008

CIT Group recently announced the formation of 505 Capital Partners, LP. The new fund will invest in second lien, mezzanine and other subordinated debt instruments, according to company officials. When fully leveraged, it will have a target size of approximately $1 billion, they added.
 

Smoking drug may pose psychiatric risks

February 04, 2008

The Food and Drug Administration announced that the connection between Pfizer's anti-smoking drug Chantix and serious psychiatric problems is "increasingly likely." The agency said it received reports of more than three dozen suicides and more than 400 instances of suicidal behavior in connection with the medication.
 



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