BIO375H5 Lecture Notes - Lecture 7: Health Care In Canada, Group Purchasing Organization, Rare Disease
Document Summary
Bio375 lecture seven- reimbursement indirectly related to market research to be successful you need to plan of time, know your product, know how your product can be classified you want your product to have code. If you do not have that plan, or your company does not have that plan, you may need to pay for prescriptions. Industry: manufactures- going to manufacture the medical devices and other medical products, provincial government federal government. Federal government: more interested in the accuracy the effectiveness of the drug, make sure drug is safe, want the value to be high and cost to be low. What does cdr do: they give advice to provincial government. Four major players for medical devices reimbursement: payers (insurers, buyers (gpos)- not the only ones for example there is sso as well (tq) Group purchasing organization- want to buy something as a group ex med buy.
