6 Most Common Data Searches by Definitive Healthcare Medical Device Clients

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Medical device manufacturers face a series of checkpoints when bringing a new therapy to market. From prototyping to clinical testing to commercialization, these medical device companies must receive point of care insights and reach the right patients, physicians, and care centers to bring their devices to market successfully.

To give you insight into common tasks executed by your peers and competitors, we’ve curated a list of the most common searches from Definitive Healthcare's medical device clients.

1. Diagnoses and procedures for hospitals, physicians, and surgery centers

How can suppliers develop an impactful device without identifying market demand? Our medical device clients frequently leverage Medicare and all-payor claims data to pinpoint the highest-volume diagnoses and procedures across all provider types—including ambulatory surgery centers (ASCs).

Sales teams can segment their target markets by identifying which hospitals and surgery centers perform the highest surgical procedure volumes related to their device. These teams can also find which physicians are performing such procedures, indicating they may be a good fit to engage with for medical education events, clinical trials, and sales conversations.

2. Executive contacts

After medical device companies have segmented their markets and reached out to physician influencers, it’s time to start a conversation with the decision-makers at the rendering facilities. Definitive Healthcare users have access to the names, titles, emails, and phone numbers of more than two million physicians, nurses, and other allied health professionals.

Once they find a high-volume physician that matches their needs, it’s easier to pinpoint the directors and executives at the facility and integrated delivery network (IDN) level. From the Definitive Healthcare platform, clients can even access accurate and verified contact information, including LinkedIn profiles, to make sure they're actually connecting with the people they're trying to reach.

3. Referral patterns

Hospital and physician referral patterns can inform a wide range of sales and marketing initiatives. For medical device companies, we hear two use cases more than any others: medical education and clinician influencers.

If a sales team already has a working relationship with a physician or care facility, it may be worthwhile to analyze their networks and referrals to identify additional business opportunities. Clients often find that a hospital they already work with may be diagnosing and referring high numbers of patients to a specialist at another care center for treatment. This could be their chance to demonstrate what a successful partnership with an existing client looks like and improve the chances of patient access to their device or treatment.

Existing clients may also be willing to either educate their networks on the benefits of the device or have someone from their network come in and educate their sales team on the intricacies of a procedure or treatment relevant to that device. Both are valuable to ensure devices and approaches are updated and applicable to a client's ideal targets.

4. Insurance coverage breakdown by code

Medical device companies can understand how procedures are being reimbursed before ever even talking to physicians. When creating a report of hospital procedure volumes, our users can analyze payor mix by code—including ICD-10, HCPCS, CPT, and DRG.

These insights allow sales leaders and field representatives to map out specific strategies and craft specific and relevant value propositions for each payor, group purchasing organization (GPO), and IDN.

5. Lab work outsourcing

Similar to insurance coverage data, information on lab referral history can improve a sales representative’s understanding of a prospect’s pain points. Demonstrating prior knowledge of the challenges clients or prospects face shows a point of contact that ourmedical device clients have taken the time to customize a solution just for them.

Understanding where prospects are referring lab work can also give a sales team insights into payor reimbursements and the time that it takes to deliver test results to patients. This would be particularly useful information to have to prove the ROI and value for a medical device manufacturer with a product that can speed up the delivery of test results to patients.

6. Imaging equipment implementation year

Imaging equipment and other durable medical equipment (DME) are vital to daily and emergency operations at care facilities. For medical device suppliers, it is important to know which facilities might not have specific equipment installed to identify facilities looking to expand or grow their imaging capabilities, find potential market opportunities, and understand which devices are interoperable with equipment in current use.

Through distinct hospital and facility profiles, Definitive Healthcare clients can identify the number of medical imaging installations from 2008-present, the date of the most recent installation, and the use for that equipment. Also included in the profile is a components summary, which indicates the number and date of installations for elements such as high voltage generators, image receptors, fluoroscopic devices, and others.

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Are you looking for more information on how your medical device company can leverage these key insights? Contact us today to start your free trial, and access intelligence and analytics such as:

  • Financial, clinical, and quality metrics for care facilities
  • Referral patterns, affiliations and networks
  • Trended medical claims from CMS and private payers
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  • 6 Most Common Data Searches by Definitive Healthcare Medical Device Clients
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