New Tool: ProSource
Checkout our packaging and processing solutions finder, ProSource.

Hospitals to medical device makers: Prove it or pay for it

Our Take

Everyone wants a product that is guaranteed to work when they purchase it, and when it comes to medical devices, it's no different. 

Medical device makers are facing some interesting issues as hospitals are now asking them to prove their device works the way it should, and if it doesn't, to help defray the cost of replacing it. 

Reuters explained it this way, "Hospital officials, however, are seeking even more robust performance guarantees, including pledges to cover the cost of the surgery when a device needs to be replaced. Some see the new offers as a starting point for manufacturers to begin to share more of the financial risk of procedures."



Because of low sales, medical device makers are making more guarantees to compensate hospitals for the performance of their products. “Device manufacturers that are responding to that discussion are the most progressive ones, who see the world is changing.” The costs of replacing a medical device largely fall on health insurers and patients, who sometimes recoup their expenses in court.

Read More at Medical Daily

Discover Our Content Hub
Access Packaging World's free educational content library!
Read More
Discover Our Content Hub
How Can You Honor a Leader?
Induction into the Packaging & Processing Hall of Fame is the highest honor in our industry. Submit your leader to be considered for the Class of 2024 now through June 10th. New members will be inducted at PACK EXPO International in Chicago
Read More
How Can You Honor a Leader?