Payer Engagement2021-07-20T11:31:51-04:00

Payer Engagement

WHY IS THIS IMPORTANT?

  • Payer engagement is key to getting approved for reimbursement.

  • Reimbursement through payers is the primary method of generating revenue for medical devices in the United States.

  • Payers are gaining greater influence over physician prescribing behavior.

DID YOU KNOW?

  • Having ways to promote patient engagement, particularly remote or virtual payment engagement options, will increase the likelihood of payer engagement.

  • Adaptable health economics models are key drivers for payer engagement and may require budget impact or cost-effectiveness models, depending on the interests of the specific payer.

  • Additional evidence is necessary to drive payer engagement compared to what is necessary for FDA approval.

HOW WE CAN HELP

  • Our health economics experts can develop high quality health economics models to show budget impact or cost-effectiveness adoptable to all potential payers to promote payer engagement.

  • Combine clinical and health economics outcomes to tell the value story for your medical device to improve payer engagement.

  • Create presentations to present to payers to help drive payer engagement.

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