They need to demonstrate “value,” too.
“There’s a lot going on with the healthcare payment delivery systems to reform healthcare, and that’s primarily quality and cost,” said Tom Hughes, senior principal advisor at the Regulatory and Clinical Research Institute outside Minneapolis. (Meet with RCRI officials at booth #302 at DeviceTalks Boston on Oct. 2.)
But was does value mean? Value means outcomes per dollar spent – or better care through less costs, according to Hughes.
Two categories of value based evidence include clinical effectiveness – outcomes-based data – and cost effectiveness – delving into what the health providers are billing payers for their products and services.
Find out more from Hughes in our latest MDO podcast: