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

Preliminary Path-to-Payment Plan

A high-level description of how the solution is paid for, including, if possible the anticipated CPT Code
For commercial success, a solution must be brought to market at a profit, with acceptable cost of selling, and provide value to the purchaser and other stakeholders (E.g.: clinicians, patients, payers). Paths include selling the solution as a product, service, software, or medical procedure. Each will have different economics – exploring the options now will help you configure your solution to be more commercially attractive. A critical step is to understand if a CPT code exists or if a new one will be required.
Describe and Illustrate with concrete examples how comparable types of solutions succeed in the market – describe the revenue model, prices and who pays (e.g. reimbursement, self-pay, etc.) Obtain market numbers of potential beneficiaries of the solution from population studies and numbers of patients with the problem to be treated to estimate the addressable market.

CategoryFiltersPortlet

Resource Type
Regions/Markets