Medical device manufacturers, facing an uphill battle to win the confidence of patients and physicians, are making deals with hospitals to compensate them in the event a device fails to perform as expected. Device makers including Medtronic, Johnson & Johnson, and St. Jude Medical are among the first to offer guarantees on some of their devices. These promises include offers to share in the cost of follow-up treatments, and are a starting point of sorts for manufacturers to start taking responsibility – and more financial risk – for devices that are found to be subpar. Hospital officials aren’t easily wooed, however. ... Read More
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