I spoke to another orthopedic executive this week who confirmed something I keep hearing: hospitals are killing innovation, and the strategics are willing accomplices.
Here’s what’s happening. Hospital purchasing departments used to just process paperwork. Now they control everything through exclusive sole- and dual-source contracts with big ortho companies. They have Value Analysis Committees that review new products, but those committees are black boxes. Good technologies often go in and never come out. Getting approved, if you’re lucky takes forever.
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