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Health IT Summit in San Francisco
2015-03-03 - 2015-03-04    
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. [...]
How to Get Paid for the New Chronic Care Management Code
2015-03-10    
1:00 am - 10:00 am
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 [...]
The 12th Annual World Health Care  Congress & Exhibition
2015-03-22 - 2015-03-25    
All Day
The 12th Annual World Health Care Congress convenes decision makers from all sectors of health care to catalyze change. In 2015, faculty focus on critical challenges and [...]
ICD-10 Success: How to Get There From Here
2015-03-24    
1:00 pm
Tuesday, March 24, 2015 1:00 PM Eastern / 10:00 AM Pacific Make sure your practice is ready for ICD-10 coding with this complimentary overview of [...]
Customer Analytics & Engagement in Health Insurance
2015-03-25 - 2015-03-26    
All Day
Takeaway business ROI: Drive business value with customer analytics: learn what every business person needs to know about analytics to improve your customer base Debate key customer [...]
How to survive a HIPPA Audit
2015-03-25    
2:00 pm - 3:30 pm
Wednesday, March 25th from 2:00 – 3:30 EST If you were audited for HIPAA compliance tomorrow, would you be prepared? The question is not so hypothetical, [...]
Events on 2015-03-03
Health IT Summit in San Francisco
3 Mar 15
San Francisco
Events on 2015-03-10
Events on 2015-03-22
Events on 2015-03-24
Events on 2015-03-25
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