Living Innovation Blog
A blog about important topics for medical device and healthcare innovators.
10 Considerations for Designing a Medical Device that Meets New Economic Realities
The US has one of the largest healthcare markets in the world, but the average hospital barely breaks even due to rising costs and shrinking revenue. Day-to-day operations are reigning in supply costs by reprocessing, renting, using generics, and streamlining purchasing in an effort to improve margins. Stricter payment regimens from federal and commercial health plans and a recessionary mindset among patients further complicates these economics creating an emerging value system never before seen...
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Posted on Apr 29, 2014