Acutus Medical and Innovative Health Collaborate

Acutus Medical and Innovative Health Inc. have partnered to offer advanced technology to improve patient outcomes in a cost-efficient manner. The two venture-backed companies will team up to offer hospital customers a comprehensive suite of electrophysiology (EP) products, including Acutus’ next generation EP mapping and accessory products together with the growing portfolio of reprocessed single-use EP devices from a range of manufacturers. Acutus will also work proactively with Innovative Health to gain clearances, as appropriate, to market reprocessed versions of certain proprietary Acutus products. The goal of the partnership is to simultaneously rein in per-procedure costs while freeing up hospital budget dollars for emerging new technologies that hold the prospect of improving clinical outcomes and speeding up procedure times.
 
Recognizing the constraints that hospitals and health systems face in delivering quality patient care at a sustainable cost is fundamental in the current healthcare environment. Safe, proven, and effective reprocessing of high-cost single-use devices offers a reliable avenue for hospitals to combine the best of both worlds: Best-in-class, state-of-the-art technologies together with cost-effective, sustainable per-procedure costs.
 
“Hospitals and health systems are often forced to compromise on innovation in their procedural approaches due to cost constraints,” said Vince Burgess, CEO of Acutus Medical. “The giant entrenched multi-national incumbents in the EP business relentlessly increase prices for nominal incremental enhancements in their products, which is not sustainable.  Due to a lack of significant innovation, improvements in clinical outcomes in the EP field have stagnated over the last decade or more – yet costs continue to increase.  To challenge the incumbents and change the status quo, we feel that we need to bring both disruptive technologies and a disruptive business model to the field.  It is highly unconventional for a VC-backed medtech company to embrace reprocessing – but we feel that this is a must, where safe and appropriate.
 
“We’re joining Acutus in their effort to disrupt the electrophysiology treatment landscape because together, we can create real change. We can bring advanced diagnostics, effective  treatments and cost-effective  access to hospitals and physicians,” said Rick Ferreira, CEO of Innovative Health. “Our cost reduction model supports Acutus’ focus on improving outcomes for as many physicians and patients as possible by enabling more patients to receive care with the best technology.”