Print This Page

Success Story 1

Situation:

A medical device manufacturer is designing its pivotal clinical study for an innovative treatment of a chronic, progressive disorder. Proof of the treatment’s cost effectiveness will be crucial to a successful medical device reimbursement strategy

Reimbursement Principles’ Solution:

  • Performed a thorough analysis of the coding, coverage and payment environment for the manufacturer’s treatment as well as competitive procedures
  • Performed a comprehensive examination of the medical and healthcare economics literature regarding current treatments of the chronic, progressive disorder
  • Recommended the addition of specific quality of life, functional status, and healthcare economics endpoints to the pivotal study data collection effort
  • Developed preliminary interactive cost-effectiveness model to:
    • Evaluate potential value propositions
    • Inform preliminary pricing, manufacturing and positioning considerations
    • Updated this model as additional pilot data became available
    • Incorporated pivotal study results into a formal, rigorous health economics assessment

 

Success Story 2

Situation:

A device used in critically ill inpatients is on the market and being presented to hospital purchasers. The product is more effective, but also more expensive than currently available devices. Hospitals are worried about up-front acquisition costs and are slow to adopt the new technology.

Reimbursement Principles’ Solution:

  • Developed an interactive hospital sales tool
  • Enabled facility entry of number of patients requiring treatment, costs associated with competitive products
  • Demonstrated reduction in downstream imaging and supply costs to show significant net savings to the hospital

 

Learn More / Get Started