Healthcare Innovation Cycle for "MedTech" Solutions

MedTech is broad term for electro/mechanical medical devices. Tracking data has been added to show an example of an early stage team at risk due to a focus on technology. Select any Maturity Level to see the core Requirements or select the Requirements themselves to see a description of what is involved in completing a requirement and curated resources.

Note:To access the Resources that describe each Deliverable, use the Sign-in button above to create an account and then click on the Deliverable or the Innovation Maturity Level to see all Deliverables at that level and click on the one of interest.

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MaturityDisplay

Requirement

Validated Quantification

Collection of economic data compared to the standard of care (e.g. validating beachhead market) regarding the way institutions see value (e.g. safety, savings, new revenue, etc.)
Care providers are under pressure to decrease costs while improving care. For a product to be successful in the marketplace, the economics of the solution and the value it provides need to be understood in comparison to how care is currently being provided.
Multiple types of economic data are required including reimbursement amounts, cost of competing solutions, costs of delivering care, and cost of follow up patient treatment due to limitations of the current practice. Using these data an economic model can be constructed, and the value articulated.

CategoryFiltersPortlet

Resource Type
Regions/Markets