Interinstitutional negotiations on the implementation of unified Health Tech Assessment have begun. The legislative initiative seeks to unify the assessment of effectiveness and value of new medical tech, including pricing and compensation by health insurance.
It seeks to reach joint clinical assessment, joint scientific consultation and identification of emerging health tech while also facilitating any further voluntary cooperation of institutions concerning other aspects.
The unification of the health care sector, which makes up about 10% of the EU’s GDP, will likely encourage innovation and increase the competitiveness of EU health tech. Currently about 50 separate bodies are inefficiently spread out across the EU take care of small components of the soon to be merged industry.
Reforming the fragmented health sector was first proposed by the EU executive in January 2018, which was soon approved by the European Parliament. Disagreements among EU health ministers delayed the process however.
The Med-Tech World conference, which follows a successful digital event in 2020, will run from 18th-19th November 2021 and will highlight innovations and developments in digital health across the globe. With so many countries realising the potential for exponential growth, Med-Tech World will address the opportunities and challenges driving this multi-million forum – embracing the potential for technological innovation to change the face of medicine in this global sector. Register your interest here!