Funding gaps, not technology, limit bionic devices

07/31/2013 | Medical Device & Diagnostic Industry online

Despite innovations in computerization, fabrication and wireless technology, medtech companies that build advanced bionic devices continue to face obstacles in securing venture capital funding, as well as the challenges of government approvals and getting reimbursement codes once their devices reach the market. "There are still insurance companies -- major insurance companies -- that have policies in place that say these microprocessors are experimental," said AOPA's Joe McTernan. "Just because you get coding doesn't mean you get adequate payment or coverage," said Kimberly Hanson, Ottobock regional director of reimbursement.

View Full Article in:

Medical Device & Diagnostic Industry online

Published in Briefs:

SmartBrief Job Listings for Health Care

Job Title Company Location
Chief Executive Officer
CarePoint Health Plan
Jersey City, NJ
Regional Director, Southeastern Region - State Affairs
America's Heatlh Insurance Plans (AHIP)
Washington, DC
Assistant General Counsel
Cardinal Health
Columbus, OH
Pharmacy Care Manager
National Association of Chain Drug Stores
Arlington, VA
Senior Director, Research
America's Health Insurance Plans (AHIP)
Washington, DC