PatientIQ | Blog

Maximizing the value of your product starts with good data | PatientIQ

Written by Kendall Shadley | Mar 25, 2024 2:00:00 PM

Key Takeaways

  • Excluding PROs from data collection limits your product’s success

  • Outcomes data can prove efficacy, create market differentiation, and prove satisfaction

  • ResearchPRO was designed to make data collection cost-effective for medical device companies of all sizes  

Medical device companies need powerful data to sell more product - data that validates the efficacy of the device, proves its quality, and demonstrates satisfaction. Yet, without the collection of patient outcomes data, companies are selling themselves short in their ability to maximize the value of their products.  

Powerful data to sell more product 
Patient outcomes data is one of the strongest pieces of evidence to demonstrate a product’s success: 

  • Proving efficacy 
    Outcomes data enables medical device companies to showcase to regulatory bodies like the FDA and to both providers and their patients that their device is safe and effective. 

  • Creating market differentiation 
    Proving your product works is the baseline expectation. Selling more product starts by being able to show that it excels above the rest. Benchmarking outcomes enables you to compare your product to others in the market. 

  • Proving satisfaction 
    A product exists to improve outcomes – and what better way to prove satisfaction with your product than by hearing from the voices of patients themselves.

Making it cost-effective.

Yet, despite the obvious value of patient outcomes data, there is no denying the process of gathering the data can be arduous and costly.  

PatientIQ has the expertise and EDC technology to automate the collection of PROs. ResearchPRO provides medical device companies with a comprehensive suite of solutions that maximize the value of their products. Learn more by downloading the fact sheet.