As the Affordable Care Act gets implemented, what business principles and strategies will help medtech firms, afraid of the uncertain future, see success?
2013 was a year that redefined the world of medtech and healthcare.
The operative terms became value, not volume, and services not simply widgets. Long-awaited, innovative products won regulatory approval. Large companies appeared to be open to taking more risks, both from an operational perspective and also in supporting new innovation, while U.S venture capitalists turned away from early stage device startups creating opportunity for their European counterparts.
No one expects 2014 to be an easy year either. But based largely on a PricewaterhouseCoopers report released Wednesday, here are a few broad principles whose adoption may help to make the transition to a new healthcare world less rocky.
Build A Services Business
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|Interested in what executives are thinking about for 2014. Attend the MD&M Executive Summit, Feb. 10-11 at the Anaheim Marriott.|