What is your medical device commercialization strategy in for-profit hospitals? According to the AHA, there were 5,564 registered hospitals in the U.S in 2017. Greater than than 85% (4,892) of these were community hospitals.
2,845 of were nonprofit
1,034 were for-profit
983 were owned by state or local government
That’s greater than 18% of US hospitals operating under a for-profit business plan. While these hospitals may offer the highest level of care, they have a strategic imperative to turn a profit, creating a medical device market segment that requires assessment. In 2014, the average cost per inpatient day for nonprofit hospitals was $2,346. For-profit hospitals operate a substantially lower cost per inpatient day of $1,798. That calculates to $548 per inpatient day. Where is that $548 coming from?
In this article, we assess the changing incentives for surgeons,that are driven by employment status. Hospital administrators want device that , including high value to a hospital CEO in getting a bed back one day early.
How can we help you? Our last three projects were:
Medical device strategy development for a legacy product in a commodity space
Medtech price sensitivity analysis
M&A third party analysis