Except that the market for that might be very, very small.
If there's a code, then typically we ask, will Medicare or Medicaid pay for it, and
the answer's yes. Or will your health maintenance
organization pay for it, or your preferred provider organization pay for
it, and the answer is yes. Then, to the right, you'd see the same
physician and facility branch for each of these, I just didn't share, show them.
And and if there's and if there's a code for the physician, then they'll get paid.
If there's not, then they won't get paid. And if they won't get paid, they probably
won't want to use your device, your procedure, your diagnostic.
And the same is true for the facility. Now, one of the ways that you might
want to take a, take a look at this is to ask if for your particular device, if
there is a predicate device, or there's a predicate procedure, they could take
advantage of an existing reimbursement code.
Then you may want to "back calculate" what your profit might be, or your
earnings might be, from the developed, pardon me, from the development and
delivery of your device, your process, or your procedure.
And a good way of doing this is you use the rule of 50%.
And you'll see here, if, for example, we have a disposable device, like a
catheter, or a disposable device, like a syringe or a disposable device like any
number that you might see in the hospital.
That it's, reimbursement is $20, then you can typically expect that the physician
will, and this is under a CPT code, not in terms of a, of a a diagnostical aid
group, the DRG. The physician will probably get paid up
to $10. The distributor of the device, if you're
working through a distributor, will probably get paid about half of that.
The manufacturer will probably get paid about half of that.
Which leaves about $2.50 in terms of earnings.
The reason that earnings or that profit is important, is that this is going to
drive the number of these units you have to sell.
You have to sell or deliver over time, in order to be able to repay the investment
that's been made by your venture capitalist, and/or to deliver a return
that has attracted them to invest in your product or service to begin with.