Has anyone seen this news? I wish there were more details to understand how this would be executed.
"Medtronic Plc said on Monday it signed an agreement with health insurer Aetna Inc under which payment for its insulin pump systems will be tied to how well diabetes patients fare after switching from multiple daily insulin injections.
The deal is the latest example of the move toward contracts for prescription drugs and medical devices that attempt to bring down soaring healthcare costs by tying reimbursements to whether the products achieve their intended results.
The deal with Aetna will measure health outcomes for patients who transition to one of three Medtronic pumps that self-adjust to keep blood sugar levels in proper range based on patients’ individual needs for insulin.
“This agreement reinforces our shift towards value-based healthcare,” Hooman Hakami, president of the Medtronic diabetes group, said in a statement. “We know technology alone isn’t enough and ultimately improved outcomes are what matter.”
Full article here: