Get Premium Access

How Will These 2 Major Healthcare Changes Affect Medical Device Companies

Interview with Brian Contos

How will healthcare reform affect care delivery and reimbursement? And what will the impact be for medical device companies?

These are probably the 2 biggest questions that medtech companies need to answer in order to succeed in the future.

Unfortunately, there aren’t solid answers at this point. But there are some people that can help!

In this interview with Brian Contos, Executive Director for the Advisory Board Company, we learn how medical device companies can respond to the changing healthcare dynamics.

Interview Highlights with Brian Contos

Brian explains the following trends: From 2005-2011, lower extremity angioplasty procedures increased by 67%, venous ablations increased by 400%, and venous angioplasty 62%. Yet coronary intervention procedures decreased by 20%.
How will the increased scrutiny regarding the appropriateness of certain procedures impact healthcare providers and medical device companies?
The number of hospitals offering catheter-based revascularization has increased by 30% over last 10 years. What are the results of these trends?
How will reduced reimbursement affect the recent influx of POL’s (physician-owned labs)?
From 2008-2013, inpatient reimbursement of peripheral arterial revascularization increased by 15%. However, physician fee schedules for endovascular specialists have decreased substantially over the last 5 years. Will this continue?.
Value-based purchasing (VBP) programs, readmissions reduction incentives, value-based payment modifiers for physicians, bundled payments for care improvement initiatives, and commercial ACOs. What do all of these healthcare delivery changes mean for medtech companies?
Percutaneous transcatheter heart valves and renal denvervation. Is there too much hype around these two spaces? Brian provides us with his expert opinion.
What is the one major initiative that medical device companies need to really grasp as we head into the new era of healthcare?

Premium Members Only

You don't have access to this post, but if you become a premium member, you'll be able to see the whole thing, including many other exclusive benefits.

Become a Member

Already have an account? Sign in.

You May Like These Articles

Premium Content

How to Build a Delightful Experience for Your Customers

Interview with Somnee CEO Tim Rosa

Tim Rosa is the CEO of Somnee, a company developing wearables based on personalized neuroscience to improve sleep quality. In this interview, Tim shares insights on building and scaling successful brands based on real customer experiences, keeping messaging clear, and using brand strategy as a business foundation. He also shares why solid data and clinical evidence in OTC products are essential and how he generates value out of ongoing research.

Read Sample

Premium Content

Building Resilience Through Rejection

Interview with Transverse Medical CEO Eric Goslau

Eric Goslau is the co-founder and CEO of Transverse Medical and has a background rooted in commercialization. Transverse Medical is developing the Point Guard Cerebral Embolic Protection Device, designed to prevent strokes during cardiovascular procedures by protecting the brain from debris that can enter the bloodstream during these interventions. In this interview, Eric shares how his background in sales helps him manage all aspects of the company, how fundraising cycles have worked for him, and his philosophy when it comes to product development: the enemy of good is perfect.

Read Sample

Premium Content

Nothing Matters as Much as Execution and Iteration

Interview with Wyndly CEO Aakash Shah

Wyndly is a telehealth company that helps people overcome their allergies with personalized treatment plans that can be followed from home. In this interview, CEO Aakash Shah shares insights on simplifying healthcare access by meeting patients online and emphasizes the importance of learning by doing to accelerate personal and business growth. Aakash also talks about the power of storytelling when engaging customers and investors, and of how to leverage video-based social media to reach both consumers and decision-makers effectively.

Read Sample

Medsider Premium

Become a premium member and unlock access to exclusive Medsider benefits.

Unlock Full Access

Medsider Interviews

How to Build a Delightful Experience for Your Customers

Interview with Somnee CEO Tim Rosa

Medsider Mentors

Medsider Playbooks

Playbook

A Guide to Widespread Adoption in Medtech

In medtech, developing novel, impactful technology is often just the starting line. The real race begins when you try to integrate your solution into the often-resistant healthcare system – a hurdle that has tripped up countless promising companies. Here are the key strategies and lessons from five veterans in the medtech space on how to overcome this hurdle.