Capital Equipment

The Equipment and Tools Needed to Provide Meaningful Patient Care

As the workhorses across inpatient, outpatient, ASC, and office settings, capital equipment provides the tools needed for clinicians to deliver meaningful patient care. However, the longer lifespan and the high cost to purchase come with a set of considerations and trends unique within the healthcare industry.

At Health Advances, our Medtech practice leaders partner with you to better understand not only the unique aspects of capital equipment, but also the impact that underlying industry trends will have on this product category, with our ultimate goal being to improve patient care and drive value to your business.

Your Market, Your Customer

There is nothing more powerful than understanding your market and your customer.

We are experts in gaining nuanced insights on your market within capital equipment, including:

• Purchasing and selection process 
• Key stakeholders and decision-makers, including the Value Analysis Committee and CFO
• Key features in product selection 
• Facility budgeting and return on investment
• Requirements for connectivity within the facility
• Role of sales reps and company support
• Pricing models
• Reimbursement and coding
• Utilization trends
• New product innovations

Understand the customer so you can design and deliver a winning consumable product, instrument, or supply.

Salient Industry Trends

Healthcare providers are facing an ever-changing set of imperatives, incentives and trends that impact capital equipment. To name just a few:

• Care has continually shifted to the outpatient setting, and ever further outside the hospital to ASC and office settings where patient volumes may impact capital purchasing and pricing models
• Consolidation of hospital facilities could lead to a potential decrease in capital equipment in that setting
• Advances in robots have continued and certain therapeutic areas are now seeing significant development
• Cost pressures remain at the forefront of facility budgeting in a post-pandemic world, often increasing scrutiny on large capital purchases

See the macro trends impacting capital equipment so you can stay ahead of them.

New Opportunities

Capital equipment is never just about the product. We put the product in context of the greater medtech continuum of care.

Identify opportunities to unlock additional value and create sticky customer relationships.