Better medtech UDI management could be an app away

Boston-based 121nexus said it can solve UDI supply chain master data problems through image recognition technology. Experts say the best apps on the market are “peace of mind” apps. 121nexus aims to deliver that feeling with its scanner. The company launched a free scan app that can verify and “open up” GS1 and unique device

These 5 surgical startups want to build the OR of the future

As with most medtech advances these days, a running theme among top surgical startups is value. Innovators presented their surgical platform products in various stages of development at this year’s AdvaMed MedTech Conference as part of the Medtech Innovator Program, offering a view of the future of ORs across the world. As mentioned, there are some running

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Value-based care: CMS’s new administrator wants more of it

Seven months into her tenure, CMS administrator Seema Verma is turning out to be highly supportive of value-based care models. In fact, she recently told an audience in Cleveland that she wants them implemented faster. The situation appears to dispel doubts that alternative payment models – such as Accountable Care Organizations or “comprehensive care” models for

Medtronic’s CEO thinks value-based care is really important: Here’s why

Value-based care is the future of healthcare, and according to CEO Omar Ishrak, it is the past, present and future of Medtronic. Ishrak spoke at OCTANe’s Medical Technology Innovation Forum (MTIF) this week about the opportunity and responsibility medical device companies have when it comes to adopting value-based care models.  In this future, Ishrak sees

How medical device developers can compete in a value-based system

Rob Morgan, VP Medical, Sagentia The shift toward value-based reimbursement in the U.S. (and similar models internationally) affects all aspects of healthcare processes and procedures – medical devices included. In a McKesson Corporation survey, U.S. healthcare providers reported 36% of their business had a value-based payment arrangement. By 2021, they expect that number to reach

Medtech innovation: Here’s how you speed it up

Here’s how medtech can speed up its processes and tap into innovation, courtesy of Peter Douglass, director of technical operations at Proto Labs. Innovation in the medtech space is what every company wants. And there are many theories on how to get there. One is that improving the speed at which you develop will naturally

How Magnolia Medical is battling sepsis false-positives for better value

Seattle-based Magnolia Medical Technologies – which says it makes a dramatic improvement to sepsis testing – provides a great example of the new value arguments dominating medtech. Sepsis happens to be a big deal. Hospital patients are often susceptible to sepsis, a bacterial infection that is the fifth leading cause of death. The standard of care

4 steps to deeper medical device design insights

When it comes to medical device design insights, Karten Design might have a helpful tool with its “Voice of the Ecosystem” approach. There are many changes to the healthcare system, Eunji Park, lead design strategist at Karten Design, explained during a webinar this week entitled, “Unpacking the Ecosystem of Healthcare Consumers.” Cost increases in the healthcare

Gore’s Viabahn VBX: The very model of a modern major product launch

The Viabahn VBX built by Gore is the first and only balloon expandable stent graft with an iliac indication. It is a balloon-mounted, ePTFE-coated, stainless-steel stent. To deploy a physician accesses the artery and blows up the balloon, forcing the device to expand. The balloon provides radial strength while the stent it deployed, but also

Biomedical engineering is aligning with hospital IT: what it means for medtech

Traditionally in hospitals biomedical engineering departments are the ones responsible for installing and maintaining regulated medical devices. But this role has been changing over the last decade. With the rise of connected health, these teams are realizing that they need a tighter connection with the information technology departments. “Biomedical or clinical engineering departments have been

Beyond UDIs: The drug industry has something to teach medtech about value-based care

Unique device identifiers are about to revolutionize the medical device market. But with nearly 40 years of experience in collecting information on pharmaceuticals for healthcare providers, pharmacies, and payers, First Databank (FDB) officials know that UDIs alone won’t be enough. Medtech needs to think beyond UDIs and connect them with electronic health records (EHRs) and healthcare

Disrupting fee-for-service: Acelity aims to prove its value in wound care

Value-based care is disrupting the old fee-for-service models in the U.S. healthcare industry, and medical device makers must adapt or perish. Here’s how wound care company Acelity is responding.  The rise of value-based care in the U.S. is causing a major shift in the medical device industry. Health provider customers want to know how medical

Value-based healthcare is here to stay, and it will change everything you do

Heather Thompson, MDO Senior Editor The Affordable Care Act has received a lot of attention, but there’s a lesser-known and equally monumental bit of legislation called the Medicare Access & CHIP Reauthorization Act (MACRA). It establishes a quality payment program that requires physicians and hospitals to participate in a merit-based incentive payment system (MIPS) and

Medtech components: 5 p’s you need to embrace

By Mike Bolduc, Global Marketing Manager, Industrial & Medical Segments, C&K When it comes to medical device performance, it’s no secret that accuracy and reliability are top of mind. Whether it’s a blood glucose monitor for a diabetic patient or a surgical robot for a cardiac procedure, lives are at stake if these devices fail

Value-based healthcare is here to stay, and it will change everything you do

The Affordable Care Act has received a lot of attention. But there’s a lesser-known and equally monumental bit of legislation called the Medicare Access & CHIP Reauthorization Act (MACRA). It establishes a quality payment program that requires physicians and hospitals to participate in a merit-based incentive payment system (MIPS) and an alternative-payment models (APM), starting this year