This makes the United States different from most other countries. In 11 countries that this Health Affairs article looked at, hospitals usually put about 12 percent of their budget toward administrative activities. But in the United States, hospitals spend a full quarter of their funds on filing the necessary paperwork to make sure that surgeries happen and patients get scheduled
Clinical efficacy is a critical component for medical device manufacturers to consider. It is no longer enough just to innovate or have a new shinny widget to boost sales. Insures, payers and care providers are increasingly looking to the medical results for the equipment they allow. This is a good trend - one that will have serious results if you are not prepared. Case studies, ROI and peer reviewed data on your devices are going to be required if your products will be accepted and purchased going forward.