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Glossary

Value Proposition

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The value proposition is composed of a common understanding of patient flow to identify where value is being lost, where new value can be created and how the company can best capture that value. This understanding needs to be established early in the product’s development, optimally during phase II. 2. Create value for all stakeholders by understanding needs.

Other glossary definitions

E

Efficacy

The measurement of a medicine’s desired effect as compared to another healthcare intervention under ideal…

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D

Device Deficiency

Inadequacy of an investigational medical device related to its identity, quality, durability, reliability, safety, or…

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