Medical Device Company

Although the potential market for new medical devices is exploding in size, this is not without considerable competition to be the “killer device” that dominates the area it’s aimed at. As a result, medical device companies face many business challenges including the need to reduce costs to offset margin pressures, the requirement to substantially reduce the cost and risk of compliance, the expectation to reduce waste and inefficiency in all areas (including research, development and manufacturing) the need to ensure long term supply-chain stability, and finally, the customer-side demand to speed up and stabilize new product introduction. In addition, all medical device start-ups and mature manufacturers are facing the challenge of moving from paper-based to paperless or electronically-enabled manufacturing because of the cost, quality, regulatory, and supply-chain benefits associated with the latter.

 

In recent times, the RX4 Group and its sister companies in The Adaptive Healthcare Network have solved issues and
challenges in this area such as the following:

  • A Medical device company wants to license its technology to hasten the new/disruptive market offering it has developed.
  • A Medical device company is losing money and need to re-finance and evolve a new fiscal strategy.
  • After a whistleblower false claims act case, a Medical device company CEO perceives the need to transform a persistent culture of finger-pointing into a climate of collaborative problem-solving.
  • A Medical device company wants to conduct an operational best-practice review against its major competitors.
  • A Medical device researchcompany with many early stage products wants to develop a range of new products, including more apps for smart phones, and in so doing consider new different pricing/subscription payment strategies.
Call us on 310.736.4965 to discuss your specific needs and for a FREE consultation meeting.
For more information about our Medical Devices Support service, please CLICK HERE