Impact of Health Care Reform on Technology and Innovation

Preethi Kesavan, Christopher J. Dy

Research output: Contribution to journalReview articlepeer-review

1 Scopus citations

Abstract

The medical device industry has long been subject to criticism for lack of price transparency and minimal regulations surrounding device approval, which have functioned as barriers to providing quality and cost-effective care. Recent health care reforms aimed at overcoming these barriers, including improving market approval regulations, increasing postmarket surveillance, and using comparative effectiveness research, have drastically changed industry practices. These reforms have also prompted increasingly cost-aware health care practices, which have encouraged new trends in medical device innovation such as frugal innovation and deinstitutionalization. This article explores the challenges faced by industry, physicians, and patients in light of these reforms.

Original languageEnglish
Pages (from-to)255-262
Number of pages8
JournalHand clinics
Volume36
Issue number2
DOIs
StatePublished - May 2020

Keywords

  • Comparative effectiveness research
  • Device regulation
  • Frugal innovation
  • Medical device industry
  • Medical device innovation
  • Postmarket surveillance
  • Premarket approval

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