Tag Archives: healthcare
New game changing technologies in the medical industry
Technologies which were created with other industries in mind have also impacted the way medical devices are being designed and built. Twenty-first century technology is drastically changing how we manage our health as well as how healthcare is provided and managed. Here we take a look at nine of these technologies and how will they […]
The Empowered Customer Movement in Healthcare
Increased globalization and technological change are leading the global healthcare industry away from the old physician-based system to one in which the customer is at the center. Customer service has become central to all businesses, and healthcare is no exception. Patients can’t choose whether to get sick but they do generally have control over which […]
Patient-centered innovation
Researchers and product developers spend billions of dollars looking for solutions to chronic pain, diseases and diagnosis methods. But, perhaps unsurprisingly, much of the medical innovation in the industry is a result of ideas imagined by medical professionals. Doctors and nurses who come into daily contact with patients are often the ones who best understand […]
How will robotics affect the healthcare industry?
Medical robots cover a broad range of medical devices, from surgical assistants to exoskeletons and companion or assistive robots. These new devices are involved in all aspects of healthcare, including therapy, rehabilitation and patient monitoring. Robotics has the potential to improve risk-benefit ratios, speed up recovery times and reduce the overall cost of healthcare. Improved […]
Does patient-centered care really work?
“Patient-centered care” is an oft-touted ideal in health care today, so a group of researchers decided to find out whether it really works. Peter Reed, Douglas A Conrad, Susan E Hernandez, Carolyn Watts and Miriam Marcus-Smith examined healthcare reform in Washington State to get “an in-depth and personal perspective of patient-centered care innovation from the […]
5 principles of patient-centered care
Healthcare reform is moving in the direction of patient-centered care, allowing patients and their families to be actively involved in their own health. This is not just a catch phrase; it’s a radical rethinking of how the healthcare system treats sick people, from the medical device stakeholders to the nurses and receptionists on the hospital […]
Is the medical device industry in crisis?
The medical device industry has been led by the United States for many years. According to Forbes, the sector employs 400,000 Americans directly and provides jobs for almost 2 million more people. The medical device industry is one of the few American industries with a net trade surplus. Unfortunately, regulations and taxes are negatively impacting […]
Healthcare Provider Consolidation
In the last decade, we have seen a trend of healthcare provider consolidation, in addition to the trend of increasing regulation we spoke about in a previous post. In order to provide higher quality care at lower costs, hospitals are being acquired by major healthcare organizations and physicians are joining these larger organizations. The stricter […]
AdvaMed 2014: The finance behind medical devices
Much of the discussion at this year’s AdvaMed conference concerned the financial aspects of medical devices production. Pricing, consolidation and innovation were among the main topics of conversation. As a result of websites like Amazon and TripAdvisor, both consumers and healthcare professionals have learned to expect that they can compare products based on value and […]
Medical Solutions for an Aging Population
The population of the world is aging. People are living longer and staying healthier for more years. In developed countries, 23% of the population is above 60 and that number is expected to increase to 32% by 2050. The healthcare needs of this population are different than that of the rest of the population, and […]
Product Strategy 101 