In recent years, as technology has become an integral part of patient care, innovation in the medtech industry has progressed at an unprecedented rate. From streamlining long manual processes to creating entirely new diagnostic devices, new technologies are making inroads into all areas, making a real impact on patients’ quality of life.
These technologies help companies communicate more quickly and effectively with patients, improve traditional devices, incorporate more software solutions into patient care, and even launch entirely new products. Furthermore, these modern tools help medtech companies keep pace with innovation by launching new products faster and entering new markets faster.
Streamline quality processes for better performance
Especially in medtech, quality is the name of the game. The speed at which companies can resolve post-market and field issues is vital to success. After all, if a product intended to improve patient care fails to meet its intended purpose, there may be real life-saving consequences.
The secret to rapid post-market response is to automate and consolidate once-manual, disparate complaint and reporting processes using a single enterprise platform.
For example, imagine a company that wants to reduce problem resolution time. Their cases can be automatically linked to complaints and shared information can be shared, enabling faster investigations, identification of reports and electronic submissions.
And their enterprise technology enables the capture of inconsistencies in package details that can quickly trigger docks, positions, and field operations.
And many of these major innovations flow into corrective and preventive actions (CAPAs), Engineering Change Orders (ECOs) and business processes.
Being able to close the quality chain across an enterprise’s value chain can not only lead to the necessary process changes, but also improve patient experience and outcomes.
Improve traditional treatment
While headlines swirl about Covid-19 and new strains of monkeypox, the most common chronic disease continues to grow at an alarming rate.
Technology can help alleviate the difficult symptoms of these diseases and help find proactive ways to prevent them before they start.
Advances in technology are giving patients back their independence. Think how much easier a diabetic’s daily life would be if he could take care at home instead of going to the hospital and rescheduling recurring appointments. Not to mention cost savings.
Imagine a world where treatment for type 2 diabetes (T2D) could prevent it or even reverse it. About 30 million people in the United States alone are diagnosed with T2D, and half of them struggle to control it.
Software as a Medical Device (SaMD)
Smart technology is almost unavoidable today. We use software devices for many things in our lives, in our homes, cars, and pockets. And our medical needs are no exception.
Software as a medical device (SaMD) is one of the fastest-growing areas of medtech innovation, delivering real life-saving results:
- Remote patient monitoring Faster and more accurate diagnosis and treatment of diseases such as stroke and lung problems
- Improved workflow and coordination of care teams
- Digital Therapy and Digital Companions
… and the list is growing exponentially. SaMD has transformed how patients manage their health and interact with healthcare professionals.
Caring for the future
The pace of innovation in medtech is accelerating so much it almost feels like we’ve stepped into the future. There are some innovative cancer-fighting companies that offer Comprehensive Genome Profiling (CGP), which can provide results from a simple blood draw in just a few days. This allows oncologists to access information faster and prescribe the right treatment for each cancer patient.
This is just one example of how patients at all stages of cancer can live longer, healthier lives with the help of blood tests and data.
The secret weapon is the ability to connect all business processes on a single platform solution. Keeping pace with the best innovators requires modern systems to manage integrated change processes and cross-functional collaboration across the entire product and software lifecycle.
Critical and complex products that patients rely on to ensure the best availability, quality, results and uptime.
Photo: metamorworks, Getty Images