Access MediQuip Releases Response to GAO Report on Hospital Device Spending

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Access MediQuip announced today a set of solutions that address the problems identified by an important study conducted by the Government Accountability Office (GAO) at the request of U.S. Senator Max Baucus.

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Dr Patel stated: "The stakes are high for individual patients, hospitals and other surgical facilities, surgeons, health plans, and device manufacturers, and in many ways it is one of the final large unmanaged frontiers in health care management.

Access MediQuip announced today a set of solutions that address the problems identified by an important study conducted by the Government Accountability Office (GAO) at the request of U.S. Senator Max Baucus. The report identified significant issues, but did not provide recommendations for improvement.

The GAO’s report, entitled "Medicare: Lack of Price Transparency May Hamper Hospitals’ Ability to Be Prudent Purchasers of Implantable Medical Devices,” outlined the difference in prices that hospitals pay for implantable medical devices (e.g. defibrillators and hip replacements). The GAO found a lack of transparency when determining the price paid for implantable medical devices with some hospitals paying thousands of dollars more than others for the same device.

“The increasingly high costs with surgical devices coupled with a poor coordination of recalls, off label use and implant acquisition are drawing increasing scrutiny by many groups,” said Prakash Patel, M.D., CEO of Access MediQuip. “The stakes are high for individual patients, hospitals and other surgical facilities, surgeons, health plans, and device manufacturers, and in many ways it is one of the final large unmanaged frontiers in health care management.”

Access MediQuip provides a suite of solutions that address the issues raised in the GAO report, including data and analytics that provide insight and standardization around device costs and utilization, services that reduce device and surgery spend by double digits, effective approaches to bundling payments across providers, and safety and quality initiatives that inform surgeons and payers, and protect patients with device registry and recall capabilities long after the surgical procedure.

“We founded the notion of surgical device benefit management more than a decade ago, and have been seeing this sector of the health care system moving rapidly toward a more thoughtful, proactive, managed approach,” Dr. Patel said. “We solve the problems facing surgical device implants by standing at the intersection where all the major players come together, from patients and payers to facilities, surgeons and manufacturers.”

About Access MediQuip

Access MediQuip is the largest and most experienced provider of surgical implant management solutions. With more than a decade of experience, Access MediQuip provides payers a comprehensive solution to manage and control the high costs of implants, along with improving quality and safety to facilities, surgeons and ultimately patients. The company was founded in 1997 and is headquartered in Lake Mary, Florida. For more information, please visit http://www.accessmediquip.com.

Media Contact:

Lindsey Harris

lharris(at)accessmediquip(dot)com

713-978-4493

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Lindsey Harris
Access MediQuip
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