Commercial Feasibility Rating or “Composite Rating”
MPAnalytics provides each client with a rating sheet that assigns an overall rating for your medical product or technology based on our five key categories below. Based on the results, MPAnalytics offers consultation for ways to improve these ratings.
Five Key Categories
1. Clinical Potential
Your product’s clinical potential is the viability of the product in a clinical setting, and gives an assessment of the product in comparison to similar products when applicable.
2. Scientific Merit
Scientific merit assesses the quality and technological components of the medical product or technology to determine if these pieces make sense to the market or enhance patient/user experience.
3. Reimbursement Potential
Reimbursement potential is determined by the use of MPAnalytics’ extensive experience in reimbursement regulations to determine a rating based on the pro’s and con’s for your medical product or technology.
4. Clinical Trial Needs
MPAnalytics rates your clinical research trial needs based on the possible requirements for your product for insurance carriers.
5. Market Evaluation
MPAnalytics assigns a market evaluation rating to your medical product based on their assessment of the best approach to market, the available market size, and the pro’s and con’s of both.