Reimbursement, that is essential for commercial success, depends on the expert assessment and communication of the clinical and economic value of your technology. Requirements for reimbursement are not uniform and vary between countries and payers and it is important that any submission is nuanced and tailored to the individual market and reimbursement authority. Brandwood Biomedical has the experience and expertise to prepare all major reimbursement submissions. In Australia, this includes applications to the Medical Services Advisory Committee (MSAC) and the Prostheses List Advisory Committee (PLAC)
- Medical Services Advisory Committee (MSAC)
MSAC makes recommendations to the Australian government on the safety, clinical effectiveness and cost effectiveness of new medical procedures. If your technology requires a new medical procedure, then an application must be made to MSAC in order for the procedure to receive public funding. An MSAC submission is a major undertaking that requires a comprehensive review of the clinical and economic evidence supporting the use of the new procedure, the development of an economic model and a budget impact analysis.
Brandwood Biomedical has the experience and expertise to complete MSAC submissions and can advise you on process and strategy.
The Prostheses List is a list of implantable devices for which an insurer must pay a benefit. Inclusion on the Prostheses List is a commercial imperative for eligible devices. There are very specific requirements to be included on the Prostheses List. Brandwood Biomedical are experts in this area.
- Other Programs
There are often smaller reimbursement or subsidy programs that may be available for specific types of technologies. Brandwood Biomedical is expert in researching and identifying these opportunities.
Need help with Reimbursement? Contacts us at email@example.com or call us on +61 2 9906 2984 to see how we can assist.
|Reimbursement Analysis & Strategy Development||Feasibility Studies||Economic Modelling|