You can’t mandate innovation, but you can plant the seeds and watch it grow.

Matthew Kelly


From the Desk of the CEO
Monday: Go forth and innovate!
Tuesday: Really, I mean it. Innovate away.
Wednesday: Well? Why aren’t you innovating?

Innovation is not typically something that can be mandated. Support for innovation from above is a good thing, but innovation works better when it’s more of a grassroots movement.

So how do you foster this grassroots innovation?

There’s nothing magical about it. Being good at innovation—like being good at...

May 15th, 2015
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Feedback on a plan to set up a medical device postmarket surveillance system applauds the overall idea but points out potential hurdles.

Marie Thibault

Industry, medical professionals, and other stakeholders have weighed in on the FDA-backed public-private plan to create the National Medical Device Postmarket Surveillance System. Reaction was mainly positive, with commenters highlighting various challenges or issues to consider carefully as part of the effort. The initiative, led by the Planning Board, is outlined in a report published in February 2015 and is...

May 15th, 2015
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A new MD+DI ebook sponsored by Sil-Pro outlines strategies for meeting the challenges presented by healthcare reform.

The Affordable Care Act has decreased the number of Americans who don’t have health insurance, but President Obama’s sweeping healthcare reform law has also brought new cost pressures for medical device manufacturers. 

In addition to the 2.3% tax on medical device sales, device makers must also contend with hospitals and other providers that are tightening their purse...

May 13th, 2015
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Natural Sciences Manager

Natural sciences managers oversee the work of the scientists beneath them in areas ranging from R&D to quality control. Those working in medtech earn about 2.8 times the average salary for all medtech occupations and take home about 9% more than the national average for their position across all industries.

Annual Mean Wage for Natural Sciences Managers in Medtech: $148,650

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May 13th, 2015
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General and Operations Manager

Ops managers have a varied position ranging from overseeing human resources and personnel to planning the use of materials and coordinating purchasing. Those working in medtech earn about 2.7 times the average salary for all medtech occupations and take home more than 18% more than the national average for their position across all industries.

Annual Mean Wage for General and Operations Managers in Medtech: $138,870

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May 13th, 2015
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Lawyer

They do everything from draw up contracts to help secure and protect patents, and they’re highly compensated for their efforts. Lawyers working in medtech earn more than three times the average salary for all medtech occupations and take home about 22% more than the national average for their position across all industries.

Annual Mean Wage for Lawyers in Medtech: $161,890

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May 13th, 2015
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CEO

In most corporate structures, CEO is the top spot, so it’s no surprise that this position is the highest paid in medtech. CEOs of medtech companies earn more than four times the average salary for all medtech occupations and take home about 22% more than the national average for the position across all industries. 

Annual Mean Wage for CEOs in Medtech: $220,180

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May 13th, 2015
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Computer and Information Systems Manager

Computer and information systems managers keep the technology that helps medical device companies innovate humming. Those working in medtech earn about 2.5 times the average salary for all industry occupations but take home slightly less than the national average for their position across all industries.

Annual Mean Wage for Computer and Information Systems Managers in Medtech: $131,090

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May 13th, 2015
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Financial Manager

Financial managers oversee accounting activities and other money matters at medical device companies. Those working in medtech earn about 2.5 times the average salary for all industry positions and take home 1.7% more than the national average for their position.

Annual Mean Wage for Financial Managers in Medtech: $132,490

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May 13th, 2015
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Engineering Manager

Lead engineers oversee the braintrust of medical device companies. Those working in medtech earn about 2.6 times the average salary for all medtech occupations but make slightly less than the national average for their position across all industries.

Annual Mean Wage for Engineering Managers in Medtech: $137,730

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May 13th, 2015
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