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The International Meeting for Simulation in Healthcare
2015-01-10 - 2015-01-14    
All Day
Registration is Open! Please join us on January 10-14, 2015 for our fifteenth annual IMSH at the Ernest N. Morial Convention Center in New Orleans, Louisiana. Over [...]
Finding Time for HIPAA Amid Deafening Administrative Noise
2015-01-14    
1:00 pm - 3:00 pm
January 14, 2015, Web Conference 12pm CST | 1pm EST | 11am MT | 10am PST | 9am AKST | 8am HAST Main points covered: [...]
Meaningful Use  Attestation, Audits and Appeals - A Legal Perspective
2015-01-15    
2:00 pm - 3:30 pm
Join Jim Tate, HITECH Answers  and attorney Matt R. Fisher for our first webinar event in the New Year.   Target audience for this webinar: [...]
iHT2 Health IT Summit
2015-01-20 - 2015-01-21    
All Day
iHT2 [eye-h-tee-squared]: 1. an awe-inspiring summit featuring some of the world.s best and brightest. 2. great food for thought that will leave you begging for more. 3. [...]
Chronic Care Management: How to Get Paid
2015-01-22    
1:00 pm - 2:00 pm
Under a new chronic care management program authorized by CMS and taking effect in 2015, you can bill for care that you are probably already [...]
Proper Management of Medicare/Medicaid Overpayments to Limit Risk of False Claims
2015-01-28    
1:00 pm - 3:00 pm
January 28, 2015 Web Conference 12pm CST | 1pm EST | 11am MT | 10am PST | 9AM AKST | 8AM HAST Topics Covered: Identify [...]
Events on 2015-01-10
Events on 2015-01-20
iHT2 Health IT Summit
20 Jan 15
San Diego
Events on 2015-01-22
Articles

Proven Ways To Enhance Your Medical Device Manufacturing Business

Proven Ways To Enhance Your Medical Device Manufacturing Business

Manufacturing is an inherently complex industry, with some products being trickier than others. Medical devices are among the most challenging ones because manufacturers need to go the extra mile with quality and precision. You cannot follow the mass-production mindset to chase revenues and profits. Expensive machinery, qualified labor, and regulatory compliance are some other challenges that make the process even more complicated. However, you can easily cover all these fronts by sticking to some best practices. Let us share a few proven ways to enhance your medical device manufacturing business.

Stay ahead of regulatory guidelines

Navigating the industry’s regulatory environment is perhaps the hardest part of running a medical device manufacturing business. The concern goes beyond compliance, as inconsistent language and evolving regulations may keep you on your toes. The best way to deal with the challenge is to keep pace with the guidelines and align your process with the ongoing changes. Setting up a compliance committee with experts who understand the zone is the ideal solution.

Create a stringent quality plan

Quality is the mainstay of medical device manufacturing because the tiniest flaw can cause massive problems. Your product will likely fail to match the industry standards and consumer expectations. Even worse, it may endanger patient safety and harm your reputation in the long run. A stringent quality plan is your best defense, as it helps you set up a process to meet quality requirements and standards. While implementing the quality plan, keep room for flexibility to accommodate changes when regulations evolve.

Upgrade process and machinery

Upgrading processes and machinery is another measure to enhance your medical device manufacturing business. You may have a proven process and the latest machinery for your plan, but better things are always around the corner. Budget for timely upgrades to stay relevant and profitable. For example, you can embrace automation solutions to improve processes. Likewise, investing in modern machinery can be a game-changer. Knowing where you can sell used machinery puts you in a good place because you cannot simply discard expensive equipment on a whim. You can make good money by reselling it to support your modernization initiative.  

Keep an eye on product design

Design control is one of the most significant aspects of medical device manufacturing. Consider your end users to create viable designs for your products. Essentially, the product design should ensure precision for the practitioners and safety for the patients. Moreover, it must be in tandem with industry standards and regulations. Once you create a design, you must implement design controls to ensure the highest levels of quality management for the process.

Conduct regular audits

You may create the best process, but taking a set-and-forget approach is not a choice in the sector. Conducting regular audits is crucial to stay ahead of the FDA compliance guidelines. Besides compliance, internal audits provide valuable feedback for improving your products in the long run. They help you pinpoint the smallest potential defects and improve them to manufacture flawless products.

Medical device manufacturers must prioritize the quality of products and processes to stay on the right side of regulations. Although it seems like a lot of work, following these simple measures is enough to cover all fronts