Garfinkel: Device Reimbursement Path Adds up to $50M in Development Costs
Jan Garfinkel · Jan Garfinkle – Arboretum Ventures (Manager Meetings, EP.09) · Sep 2, 2021 · at 57:16
Jan Garfinkel, founder of Arboretum Ventures, explains the financial burden of obtaining CMS reimbursement approval for new medical devices beyond FDA clearance.
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“If we have to also go through the reimbursement path, it will add another up to fifty million dollars to that company's development and timeline, but cost to develop that product to get reimbursement approval.”
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