Insight’s Steve McPhilliamy reveals to MD&DI Magazine what developers should focus on in the coming year to remain competitive
Today, reimbursement has shifted to an outcome-based model, making the number of procedures and services less important than the resulting outcome. This changing model, driven by payers’ growing focus on aligning reimbursement with things of greater value, such as patients’ health and treatment efficacy, offers zero reimbursement for repeat visits to physicians for recurrent or similar problems stemming from treatment complications. It’s less about how many times a procedure can be performed and more about administering the correct procedure that prevents repeat visits and leaves patients healthy.
Going forward, medical devices that enhance patient-physician communication to those that enable macro data translation in alignment with lower cost, higher quality, and better patient outcomes will dominate the market.