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Medical Reimbursement Challenges and Their Impact on Medical Device Companies| Infiniti Research

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Infiniti Research, a world-renowned market intelligence solutions
provider, has announced the completion of their latest article on the top
medical reimbursement challenges and their impact on medical device
manufacturers.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180808005428/en/

Top Medical Reimbursement Challenges for Medical Device Manufacturers and their Impact (Graphic: Bus ...

Top Medical Reimbursement Challenges for Medical Device Manufacturers and their Impact (Graphic: Business Wire)

Medical device reimbursements are the payments paid by the private
insurers or a third-party insurer to a health care provider, usually in
return for the cost incurred by healthcare service providers for using a
medical device. If the coverage under reimbursement has no certainties,
it becomes difficult to analyze the ROI, thereby, creating obstacles by
limiting innovation.

To know more about the scope of our engagement, request
a proposal

However, there are several other challenges for medical device
manufacturers that are associated with medical reimbursements. Though
these factors vary depending on the geographic region and the
demographics, there are a few common factors that pose major challenges
for players in the medical device industry. This gives rise to questions
such as, what are the major medical reimbursement challenges and its
impact on the medical
device industry
? In an effort to help medical device industry
players, Infiniti Research has curated a list of the top challenges and
the impact associated with medical reimbursements.

"Medical device companies will have to invest significantly in moving
beyond products and devise effective
business models to tackle
the challenges and evolve in a value-driven healthcare ecosystem,"
says
an industry expert from
Infiniti.

Major medical reimbursement challenges:

  • Opacity and complexity of the reimbursement process: Medical
    reimbursements are a complex process that prevents medical device
    manufacturers from leveraging technologies to devise innovative
    product offerings. However, in several parts of the world, a few
    industry stakeholders are themselves involved in the reimbursement
    process and interact with the medical device companies on a regular
    basis. At times, the reimbursement decisions may be time-consuming and
    uncertain, necessitating the need for medical device manufacturers to
    invest in technology upgrades. To know more about our solutions,
    get
    in touch
  • Cuts in government medical reimbursement spending: Owing to the
    burgeoning nature of health care costs, several government bodies
    across the globe including those of countries such as China, Japan,
    U.S, and E.U are focusing on devising ways to cut down their
    expenditures. As a result, leading medical device manufacturers are
    now looking at reducing the medical reimbursement amount to prevent
    healthcare costs from crossing their limits. However, several
    governments have already taken initiatives to help medical device
    manufacturers to reduce their spending on the reimbursement of medical
    devices; thereby, playing a key role in minimizing the overall the
    overall healthcare cost. To know more about our solutions for the
    medical device companies
    , request
    a proposal

Impact of medical reimbursement challenges:

  • Difficulty in improving ROI: Bridging the gap between
    technology and reimbursement rates is a huge task which makes
    investment risky for medical device manufacturers. The inability to
    experiment and leverage technology makes it difficult to improve ROI
    in the medical devices space. To know more about how we help
    medical device companies
    , request
    a proposal
  • Quality concerns: The fact that medical reimbursement processes
    are lengthy and opaque, creates obstacles for manufacturers looking at
    devising effective strategies to improve the quality of medical
    devices and the services offered. To know more about our solutions,
    get
    in touch

Infiniti Research is a global market intelligence company offering
strategic insights to help look beyond market disruptions, study
competitive activity, and develop intelligent business strategies.

View the complete list of medical reimbursement challenges and their
impact on medical device companies:

https://www.infinitiresearch.com/thoughts/medical-reimbursement-challenges-impacts

About Infiniti Research

Established in 2003, Infiniti Research is a leading market intelligence
company providing smart solutions to address your business challenges.
Infiniti Research studies markets in more than 100 countries to help
analyze competitive activity, see beyond market disruptions, and develop
intelligent business strategies.

With 15+ years of experience and offices across three continents,
Infiniti Research has been instrumental in providing a complete range of
competitive intelligence, strategy, and research services for over 550
companies across the globe.

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