Technology Industry
Industry: Email Alert RSS FeedCreating a fair and competitive market place.(markets)(Medical Device Competition Act )
Medical Device Technology, April, 2005 by Leahey, Mark B.
The prevailing imbalance in the buyer-seller relationship is threatening access of innovative medical technologies to patients. Proposed steps to remedy the situation are outlined here.
Urgent need for reform
Over the past 10 years, certain hospital group purchasing organisations (GPOs), rather than clinicians, have been playing an increasing role in determining which products are best for hospitals and patients. These decisions have often been based on the GPO's own financial well being and not on the well being of their member hospitals or the patients they serve. Based on these developments, the need for reforms in the GPO market place has never been greater.
Balancing competitive forces
In the late 1980s, experts and...
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