Here are five key tips for medical device manufacturers planning to offer value-based discounting arrangements to health insurers.

Meena Datta, JD

Health insurers are increasingly focused on optimizing health outcomes for the patient populations they manage as a means to lowering costs. As a result, there is a growing demand in the marketplace for medical device manufacturers to offer value-based discounting arrangements to health insurers. This article provides five key considerations for the medtech industry with respect to such arrangements.

What Is Value-Based Discounting?

Value-based discounting is the industry term of art that describes rebate arrangements between manufacturers and insurers or other customers...

June 8th, 2017
0

Medical device makers should take these factors into consideration when evaluating the best enterprise resource planning (ERP) deployment for their needs.  

Ed Potoczak

Cloud-based enterprise resource planning (ERP), with its promise of greater agility and the ability to reduce infrastructure costs, is becoming a viable choice in the manufacturing sector. In fact, research firm Gartner has observed that manufacturers turning to cloud ERP systems range from large corporations aiming to get divisions up and running quickly to small to mid-size enterprises seeking to increase value and improve the flexibility of their ERP deployments.

However, no one ERP deployment scenario fits all. This is particularly true for medical and diagnostic device...

June 7th, 2017
0

Audio and voice-controlled platforms are already a major trend among consumers. When will hearables become part of the medical device and healthcare realm? Sooner than you think.

Marie Thibault

Many of us already have hearable, voice-controlled devices at home, reminding us to pick up milk and answering our trivia-like questions. But when will similar applications become commonplace in the medical field?

In fact, hearables are already becoming part of the medical environment. As MD+DI has reported, Boston Children’s Hospital has incorporated Alexa-enabled Amazon devices to give clinicians basic reference information and guide users through...

June 5th, 2017
0

Recent developments in patent law have made it more difficult to secure patent protection for certain technologies for healthy aging,  such as personalized medicine, new diagnostics, biologics, interconnectivity, and big data. Learn what factors can make these technologies patent-eligible inventions. 

Rose Thiessen and Nathan Lee

As the number and proportion of older adults grow in the world, technologies for healthy aging are in greater need than ever. Today’s healthy aging products and services are not limited to just traditional means for healthy aging, such as cardiac stents, joint replacements, pharmaceuticals, and the like.  Rather, products and services for healthy aging are benefiting from the development of newer technological...

June 4th, 2017
1

When companies jump too quickly to declare a corrective and preventive action is needed, "death by CAPA" occurs.

Alex Butler

For companies, bad things can come in all shapes and sizes. When something goes wrong, it could possibly lead to the company's demise. Because of the serious consequences that can occur, taking quick action to correct problems is a necessity, but is also important not to overreact.

For companies operating under the auspices FDA, when something goes wrong, such as a nonconformance, customer complaint or deviation, it’s called a quality event. If one of these occurs, a...

June 2nd, 2017
0

We want to raise the profile of the young people doing groundbreaking work in the medical device and diagnostic industry. Do you know any industry innovators under the age of 30? Tell us who should make the 2017 list! 

Check out last year's list here.

 

June 1st, 2017
0

The Personal KinetiGraph System from Global Kinetics Corporation offers objective measurement and analysis of patient movement, allowing clinicians to better assess and treat the disease.

Marie Thibault

The PKG-Watch is worn on the wrist and monitors patient movement.

Global Kinetics Corporation may be a digital health company, but it doesn’t offer the typical wearable device.

The Melbourne, Australia-based company has developed the Parkinson’s KinetiGraph (PKG) System—known as the Personal KinetiGraph in the United States—for patients with Parkinson’s disease. The technology includes the PKG-Watch, a wrist-worn data logger...

May 31st, 2017
0

A regulatory expert discusses the most significant changes in the new European Medical Device Regulation that manufacturers will need to look out for and gives guidance on how to adapt your business to meet the new requirements.

Paul Brooks

Medical device manufacturers are currently faced with a three-year transition period before full application of the new European Medical Device Regulation (MDR) in 2020. The MDR will replace the existing Medical Device Directive (MDD) and the Active Implantable Medical Device Directive (AIMDD) in providing requirements and EU market access. There is a lot to do in this relatively short time-frame, including assessing all currently marketed medical device products against the new guidelines. This is a particularly onerous task with changes to the...

May 30th, 2017
0

You know an FDA audit can happen at any time, but would you really be prepared if it happened today?

Isabelle Noblanc

FDA in December posted the most recent list of inspection observations issued during the agency’s 2016 fiscal year, which ran from October 1, 2015, to September 30, 2016. FDA issues Form 483 inspectional observations or warning letters following an inspection to let the company know that its quality practices are not in compliance with regulatory standards.

The agency is increasing both the number and intensity of its inspections using a risk-...

May 26th, 2017
0

A device engineer explains a few key factors to consider when choosing the ideal sensor for a medical device.

John Pocreva

Choosing the right sensor is critical to effective medical device design.

Let’s consider a situation where a sensor is required to measure the drop in pressure created by a patient’s inhalation through an inhaler. This application calls for certain criteria to be met. For instance, the measurement must be made and displayed in near real time. It must also have an accuracy reading of +/– 10% or better.

...
May 25th, 2017
0