TrueData™ Report -- Frequently Asked Questions (FAQs)

How is the data delivered?

What is the value of purchasing this data from MedMarket Diligence?

What procedures data is available in TrueData Reports?

What is the frequency of update of the data?

What are the sources and methodologies of the data?

Why are there differences in the counts by different sources of data comprising the TrueData™ reports?


How is the data delivered?

Data is delivered as an Excel worksheet and as a MS Word or Adobe Acrobat (PDF) file integrating all procedure volume, discharge counts, reimbursement and hospital data on a timeline for comparison across all available data year-to-year.

What is the value of purchasing this data from MedMarket Diligence?

The data provided in TrueData™ is both unique and provided in a unique and usable format, since we have done most of the work for you. This includes compiling data from multiple, disparate sources, processing the data to provide national aggregate and forecast data, and delivering it in files that enhance your ability to understand the size of the procedure-driven markets, see trends, and identify market opportunities.

Sources of data, particularly from federal sources such as Medicare, the National Center for Health Statistics and others, are notoriously difficult to work with in raw data formats.  We have worked aggressively to compile this data and offer value-added benefits of assimilating multiple different datasets so that it might readily be delivered to our clients in the medical product industry in a way that maximizes its use. 

What procedure data is available in TrueData Reports?

Virtually any procedure that can be defined by CPT4, ICD-9-CM or DRG coding can be captured, analyzed and presented in TrueData reports.  Standard reports, at off-the-shelf pricing, are available by aggregating data for procedures performed with fundamentally similar techniques and technologies, erring on the side of the general rather than the specific.  Detail is retained in the specific coded procedures contributing to the aggregate of procedures presented in each TrueData report.  Custom TrueData reports are available, however, for a wide range of procedures defined by combinations of procedure codes.

What is the frequency of update of the data?

Although data is presented in annual increments, the data is updated on a quarterly basis from most underlying sources. Projections consider these quarterly updates.

What are the source(s) and methodologies of the data?

Data is compiled from multiple datasets in the National Hospital Discharge Survey, Medicare, the Hospital Cost and Utilization Project National Inpatient Sample.  As indicated by source datasets, extrapolations to the U.S. aggregate are completed.  Projections are driven by proprietary forecasting based on past and anticipated volume trends.

Why are there differences in the counts by different sources of data comprising the TrueData™ reports?

Different sources of data can present counts that may vary significantly, or appear to.  Several reasons account for this, not least of which is differences in the procedures actually being compared.  Discharge data is often coded by the ICD-9-CM coding system, developed by the World Health Organization, and other data (Medicare and often claims based data) is coded by the CPT4  coding system developed by the American Medical Association. These define procedures differently, considering different techniques or technologies that may be employed, so comparisons of data derived from these different coding systems is frequently subject to variation.  Additionally, unless data is from a complete census (e.g., Medicare's 100% sample file), data sampling must be extrapolated to the U.S. as a whole and different data sources make different assumptions in these extrapolations.  Lastly, of course, is nominal sampling error inherent in all sampling methodologies that will produce different results within a reasonable range.

 

 


TrueData™ is a trademark of Medical Technology Partners.