Factory Reimbursement launches tools for medical device reimbursement across Europe

9 February 2010

Factory Reimbursement has launched a new low-cost research and reporting service for medical device companies that wish to market and sell products in Europe.

Manufacturers of medical devices and importers can now purchase customized reports that explain the intricacies of obtaining insurance reimbursement for their particular product, specific to the markets in which they hope to sell.

These reports are in addition to Factory’s broader reimbursement reports and database.

European reimbursement of medical devices has been an obstacle for manufacturers and marketers because the process varies from country to country and even within different regions of the same country.

The tools also allow manufacturers of medical devices access to a complete database of reimbursement and regulatory data by country plus a ready-to-purchase catalog of country-specific Reimbursement Reports. Formerly known as the Jacoti Reports, the available data spans 15 European Union countries and is updated each year by Factory Reimbursement’s team of expert researchers.

“Rather than hiring an expensive consultant to handle reimbursement, medical device manufacturers can now get all the answers they need to do it themselves, for about €1,000 for the major European countries. This detailed information can save a manufacturer weeks or months of delay, and thousands of dollars of consultant fees,” says Joris Bannenberg, COO of Factory Reimbursement.

The site contains detailed data aggregated from Austria, Belgium, Denmark, Finland, France, Germany, Italy, Norway, Poland, Spain, Sweden, Switzerland, The Czech Republic, The Netherlands, and The United Kingdom.

“Quick access to this detailed regulatory data and reimbursement timelines will help any medical device manufacturer plan a more efficient entry into Europe,” adds Bannenberg.