With the medical device tax suspended for two years, here’s how smart companies should redirect the funds.

Mohan Ponnudurai

When the U.S. Congress passed and President Obama signed a $1.8 trillion spending and taxation bill for 2016, the medical device community rejoiced: The controversial 2.3% medical device tax, which was enacted as part of the Affordable Care Act, was suspended, albeit temporarily for two years.

What does this mean for the medical device manufacturing community?

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April 13th, 2016
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Here's some advice for all the newcomers vying for a place in the sun in the field of robotic-assisted surgery.

Gary Guthart

Twenty years after the first robotic-assisted surgical device was wheeled into an operating room, more than a dozen companies are heading to hospitals with new robotic systems. This is a truly remarkable development given that many—including some of the companies that are now working on robotics programs—have previously discounted the technology as a passing fad in healthcare. But new entrants need to keep a few things in mind to succeed.

Having the benefit of the past twenty years and as we gaze into the future, it is clear that robotic-assisted surgery has become far too important to ignore. 

Roughly every minute of every day, a da Vinci...

April 13th, 2016
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How network design can help medical device manufacturers thrive in a volatile healthcare industry.

Steve Simco

Medical device manufacturers face an imposing prospect: They must redesign their supply chain network—or, in some cases, create completely new ones—to respond to rising healthcare costs and changing market dynamics.

Network design is no longer a rare event—an ad hoc project to be managed—but something that must be done continuously. In turn, managing and executing network design on an ongoing basis requires a formal organizational capability. In fact, the ongoing upheaval in healthcare makes such a capability a competitive necessity.

 

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April 12th, 2016
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Kevin Lobo addresses how the concept of innovation has changed in medtech and the bets that Stryker has taken along the way. 

Arundhati Parmar

 

Kevin Lobo is a passionate man.

He speaks quickly and with determination, his fingers drumming upon the desk in front of him to stress the salient points he is making. When you try to convince him to see your perspective, he takes your point, explains why he thinks it makes little sense, and leaves you feeling surprisingly unrejected.

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April 11th, 2016
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Current priorities of hospital executives show that cutting costs of medtech ranks third compared with desire to improve performance and drive operational efficiency.

Arundhati Parmar


A new report about the current priorities of hospital executives that cutting costs of medtech products rank third compared with their desire to improve performance and drive operational efficiency.

The report from ZS Associates must come as sweet music to those medtech companies who are making the pivot to selling the economic and clinical value of their products, rather than their feature benefits. The report The report is based on a survey of 85 hospital executives conducted in late 2015 and early this year. The...

April 8th, 2016
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Two experts weigh in on what it really takes to get your medical device in the hands of providers today.

Jamie Hartford

Long gone are the days when selling a medical device meant cozying up to clinicians by offering up concert tickets and lavish dinners. Yes, the enactment of the Physician Payments Sunshine Act and the rise of hospital value analysis committees has seriously put a crimp in the slick medical device sales rep’s style.

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April 7th, 2016
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The challenge of renal denervation to control high blood pressure has humbled the likes of Medtronic, but a California startup forges ahead to test its ultrasound-based system.

Arundhati Parmar

The Paradise Renal Catheter will deliver ultrasound energy to disrupt renal nerves to control high blood pressure

Renal denervation, a neuromodulation therapy to control hypertension in patients that don't respond to medication, has humbled the likes of Medtronic as well as Covidien before it merged with the former.

Medtronic is attempting a do-over. Boston Scientific and St. Jude Medical...

April 7th, 2016
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Advances in technology will propel the cancer biomarker market to grow as more people use them to test, screen and determine risk for cancer. 

Arundhati Parmar

 

A new report shows that the cancer biomarker testing market will grow to $7.4 billion in 2020, up from $4.8 million last year.

According to Kalorama, a market research company that published the report, these types of tests have shown faster revenue growth than in vitro diagnostics overall. But the technologies are not simply to simply screen for cancer, test for cancer or determine the risk of cancer, the latter having been made famous by...

April 6th, 2016
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An expert says FDA’s recommendations for medical device interoperability are a step in the right direction, but incentives are needed to remove electronic health record roadblocks.

Marie Thibault

 

In January, FDA released a draft guidance with recommendations both for what device makers should think about when designing interoperable medical devices and for what to include in premarket submissions to the agency. That draft document, “Design Considerations and Premarket Submission Recommendations for Interoperable Medical Devices,” is part of the agency’s effort to ensure medical devices can share useful information safely...

April 6th, 2016
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A Stanford pilot study shows that using mhealth tools to integrate continuous glucose monitoring data into EMRs can improve care delivery and potentially outcomes for type 1 diabetes.

Arundhati Parmar

A new study shows that integration of continuous glucose monitoring data via Apple's HealthKit platform into an EHR can improve glycemic control in diabetics.

The Stanford study's results published in the Journal of the Medical Informatics Association involved 10 pediatric patients with type 1 diabetes. For such patients, it is important to monitor glucose levels and...

April 1st, 2016
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