Pricing Pressures and Robotics Are at the Center of AAOS 2018

The annual meeting of the American Academy of Orthopedic Surgeons (AAOS), the largest gathering of orthopedic surgeons and manufacturers from across the U.S. and around the world, took place in early March in New Orleans. At this year’s meeting, a number of key trends were highlighted related to cost containment, the use of robotics and other enabling technologies, more procedures being conducted at ambulatory surgery centers (ASCs), and growth drivers in a number of sectors. Pricing pressures persist The need for pricing controls affects all healthcare markets and orthopedics is no exception. Every year at AAOS, orthopedic manufacturers display new products and provide physicians with the opportunity to evaluate new technologies. This year, however, attendees' enthusiasm for innovation was somewhat tempered given the focus on economics and cost containment. Join us at the BIOMEDevice Boston Expo,  April 18–19, 2018. Use promo code "MDDI" for 20% off conference registration and free expo access.   While pricing pressures in the market have largely stabilized, hospitals continue to do whatever they can to control device costs. Approaches include vendor consolidation, capitated pricing, and the shifting of procedures to lower cost sites, such as ASCs. Companies will also be encouraged to continue developing easier- to-use products specifically for ASCs. Movement to ASCs is slower than expected The movement of procedures to the ASC setting, while at a slower rate than gen...
Source: MDDI - Category: Medical Devices Authors: Tags: Orthopedics Implants Source Type: news