Medical Device + Diagnostic Reimbursement
Health Economics and Market Access Advisory
Reimbursement
Payers, hospitals, physicians and patients possess different incentives and motives. When developing a novel medical device, understanding these differences is not academic, it’s central to a device’s ability to be reimbursed.
Medical device and diagnostic companies may need payers to reimburse hospitals and physicians for use of their technology. Knowing the intricacies of coding, coverage and payment will be essential for the successful launch and continued marketing of a product.
Contact Information
Nicholas.C.Anderson@Gmail.com
Areas of Practice
Contact N C Anderson Consulting to speak at your medical technology event. Life science entrepreneurs, medical device and diagnostic companies, venture capitalists and bioengineers the world over have benefited from hearing N C Anderson Consulting speak.
Hospital Reimbursement
Value Analysis Committees frequently review medical technologies to be purchased by hospitals. What piques the interest of hospitals and these committees can differ widely from institution to institution. Similarly, what is of interest to a leading physician may not be in the best interest of the hospital in which they practice. Preparing the correct materials for Value Analysis Committees to review during a purchase negotiation may be crucial for a medical technology’s success.
Physician Reimbursement
Medical devices and diagnostics designed to be used in the physician’s office are reimbursed differently than when the same technology is used in a hospital or ambulatory surgical center. Physicians need to know how they will be paid 1) for the technology and 2) for the procedure. N C Anderson Consulting knows well how to best position a product for physician reimbursement.
Direct to Consumer
Speaking + Lecturing
Particular medical devices are not befitting reimbursement. For these technologies, pursuing a reimbursement strategy may be at best a waste of time and at worst devastating for the product or company. Working with N C Anderson Consulting will equip entrepreneurs with the knowledge they need to make a reimbursement vs. direct-to-consumer choice.
Meet Nic
-Former payer and VAC member
-Medtech entrepreneur
-Consultant to hundreds of device and diagnostic companies
-Guest lecturer on health economics and reimbursement
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Health EconomistNic is a medical technology consultant in health economics, payer perspective, reimbursement and market access.
He is a consultant to venture capitalists and start-ups who are working on new life science products, helping them identify what health insurance companies and hospitals want in a technology and for what they’re willing to pay. He is a strategic advisor to medical technology companies and is a guest lecturer at UCSF School of Medicine and at conferences and symposia around the world where he speaks on clinical trials, HEOR, commercialization and reimbursement.
In 2017 Nic was the Expert in Residence at the Dubai 100, a digital health accelerator located in Dubai.
Nic’s experience in life sciences spans devices, diagnostics, biotech and digital health. Companies turn to him to understand what trials and health economics will be necessary to obtain market access and reimbursement.
On the personal front, he lives in Utah with his wife and kids and is a skier, cyclist and a forever student of the Austrian School of Economics.
Education:
BA - Behavioral Neuroscience. Purdue University
MA - Bioimaging. Boston University School of Medicine
MBA - Business Administration. University of Utah
Fellowship - Pierre Lassonde Entrepreneur Center
Payers aren’t impediments, they’re customers.
Get in Touch
If you’re a medical technology entrepreneur, bioengineer, medical device or diagnostic company, life science conference organizer or otherwise, contact N C Anderson Consulting at your earliest convenience.