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Show the Benefits of Medical Devices Using Health Economics

Integrating Health Economics into Medical Device Product Development Healthcare costs continue to rise at rates higher than inflation.  Payers, such as Centers for Medicare and Medicaid Services (CMS), insurance carriers, and even provider purchasing organizations (e.g., a hospital purchasing group), need to control their costs; while users want the latest technology.  Before adopting new technologies…
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Medical Device Reimbursement Lessons Learned: Up in Smoke

Your reimbursement strategy can have a critical impact on your medical device success and your company. Reimbursement is different from approvals by the FDA or another regulatory agency/notified body. Approvals by a payer such as Centers for Medicare and Medicaid Services (CMS) allows you to be reimbursed for the product. While the approvals by regulatory…
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Integrating Reimbursement into Medical Device Design

Medical Device & Diagnostic Industry (MDDI)  recently included an article, Tips for Designing with Reimbursement in Mind, summarizing a presentation by Mark Domyahn, of St. Jude Medical, covering tips related to reimbursement. Some key points from the article are as follows: • Reimbursement is separate from regulatory approvals • Understand the requirements for approvals and…
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