Generic drugs dramatically reduce the cost of pharmaceuticals to patients. Can generic medical devices reduce the cost for hospital administrators?
Matthew Holt of The Health Care Blog interviews Richard Kuntz, CEO of Generic Medical Devices. Mr. Kuntz wants to reduce the cost of the implants, surgical implementation, and supplies used in medical care. The company will “…begin developing products that are off-patent, that have proven safety and efficacy, that have existing reimbursement, to reduce health care costs and help save Medicare.”
The full interview is here.