SEARCH TOPIC: Search for Cost Saving Healthcare Innovations 

SUBMISSIONS ACCEPTED THROUGH:  December 1, 2015

Edison Nation Medical Innovation Search is for solutions that provide cost savings opportunities within a healthcare setting, such as hospitals, clinics and medical offices.  Innovation ideas can include, but are not limited to, new devices, technologies or apps that provide immediate or direct cost reductions.  Innovations that allow for similar or improved outcomes or which provide improved efficiency at a reduced cost are encouraged to be submitted.

BACKGROUND

Hospital systems across the U.S. are struggling to eliminate millions of dollars in expenses in an effort to sharply and quickly reduce costs due to the implementation of the Affordable Healthcare Act and changes in reimbursement regulations. In the current healthcare climate, there is increased scrutiny of the costs, clinical outcomes and utilization of products. The scope and potential of cost saving innovations for hospitals touches every aspect of the acute care setting and so individuals throughout the entire spectrum of care are invited to submit their inventions.

SUBMISSION REQUIREMENTS

Innovation ideas may include, but not limited to:  devices, equipment, products, technologies or apps.

Edison Nation Medical’s search is open to the public and innovators* from around the world are encouraged to submit ideas through our confidential secure portal at now through December 1, 2015.

Edison Nation Medical will review each submission through an in-depth review process led by the Edison Nation Medical team of medical, product development and legal experts. Promising ideas submitted throughout the search will be presented to leading medical device companies and healthcare retailers with whom Edison Nation Medical has connections. Submissions will be evaluated based on efficacy, the strength of any potential intellectual property, and an overall market needs and business assessment. The end goal is to commercialize each qualified product idea and when successful, licensing royalties are shared with the inventor.

This is a yearlong Innovation Search, however ideas will be vetted and presented to manufacturing and retail partners as appropriate throughout the search.

*NOTE: Small businesses and Technology Transfer offices interested in submitting Senior Care innovations should contact us directly at TTO@EdisonNationMedical.com.

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Healthcare Innovation Search: Cost Savings