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.
Acutus provides a full suite of innovative technologies and products for electrophysiology diagnostic and ablation procedures through an open platform that enables personalized and adaptive approaches to arrhythmia therapy.
Innovative Health is a specialty EP reprocessing company that collects, reprocesses and returns single use labeled EP catheters to hospitals, reducing each atrial fibrillation (AF) procedure’s device costs by as much as 30 percent. The company holds formal U.S. Food and Drug Administration (FDA) clearances to reprocess many high-complexity EP devices, such as mapping catheters, diagnostic ultrasound catheters and introducer sheaths, allowing Innovative Health hospital partners to increase their savings compared to other reprocessing programs.
“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 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.”
Acutus Medical is an arrhythmia care company focused on developing a full suite of distinct, innovative technologies that provide physicians and patients with excellent outcomes and procedural efficiency. Diagnosing and treating patients with atrial arrhythmias requires eliminating the unknown. Acutus’ cardiac imaging and mapping system provides real-time arrhythmia visualization displaying the heart’s true activation pattern, turning the chaos of a complex arrhythmia into a clear vision for electrophysiologists. Founded in 2011, Acutus is based in Carlsbad, Calif.
Innovative Health is a medical device reprocessing company that offers smarter utilization of medical devices in hospitals’ cardiology and electrophysiology programs. The company has received 29 FDA clearances to reprocess EP devices in just two and a half years, surpassing any other reprocessor in the industry.