Medical Technology Organization
The advances made in medical technology – such as miniaturized treatment and surgical procedures, state-of-the-art imaging techniques, intelligent implants, aids for lost functions or abilities, or enhanced means of communication to facilitate telemedicine, are revolutionizing the diagnosis and treatment of diseases and benefiting both patients and advanced research. However, extreme competitive pressure, heavily regulated markets, entrenched medical institutions and approaches and local conditions governing national health care systems can all conspire to make medical technology a risky business. Care therefore needs to be taken on the business planning side of things to ensure that any medical innovation actually reduces the cost or improves the quality of care at an expense and time to market that is justifiable and sustainable.
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: