*HealthTrust’s definition of “new technology” is classified as a product that, as compared to existing products:
- Offers significant technological advancements,
- Significantly improves clinical outcomes or patient care (i.e., documented reduction in procedure times, outcomes, lengths of stay, readmissions, infection rates), or
- Significantly streamlines work processes and/or the economics of facility operations (i.e., increase or decrease expenses in supply chain or resource utilization).
Demonstration of this via independent, peer-reviewed publication(s) is beneficial but not required.*
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