The Oct. 13 cover story, “Devicemakers challenged on resistance to value-based payment,” may leave readers with the mistaken impression that AdvaMed opposes reimbursement reforms designed to provide incentives for reduced costs and higher quality when in fact, we have consistently supported such reforms, going back as early as 2008. These reforms may create an enhanced market for medical technology that will reduce cost and improve quality of care across episodes of care and will enable providers to manage more effectively the high cost of chronic illnesses.
We believe, however, these reforms should be coupled with safeguards to prevent unintended consequences such as denying patients access to treatments that are clinically appropriate but raise short-term costs, or creating a chilling effect on investment in developing new treatments and cures.