...INTRODUCTION Experiencing low cost traditional surgical procedures, Advanced Medical Technology Corporation (AMT) wants to broadcast this tagline by manufacturing well designed medical instrument based on a massive researching. Taking into account the efforts and allowances spilled by AMT on its research and development aspect, and in invading new markets, it is not unexpected that it had gained an extraordinary growth and rapid expansion of its sales force for just a few years of being established. Like any other companies who were in their infancy/growth stage, it is a normal thing to put the best shoe forward in order to gain an A+ mark. But the aggressiveness nature of the decisions made by Peter Haskins, president of the AMT, had, to the conclusion of some lenders, contributed to several tribulations that impede the continuous growth of the company. Though AMT had gained extraordinary growth through their well done researches, it tends to risk its financial aspect by exhausting too much fund just to develop and produce its product. Its mismanagement of its assets had made potential creditors to deny its loan requests. These facts had led to the perfection of this study. It aimed to analyze the problems faced by the company, the cause of these problems and how the company will trounce these problems. II. EXECUTIVE SUMMARY Advance Medical Technology Corporation (AMT) developed, manufactured and sold scientific medical instruments, needles, and catheters that allowed rapid and...
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...Plan; Summary of Strategic Objectives; Balanced Score Card and its impact on stakeholders; the Communication Plan Pg.14 V. Business Model and Strategic Plan Part IV: Monitoring and Control Strategies Pg.20 VI. References Pg.24 Executive Summary Pall Corporation, the world’s leading developer in filtration systems would formally like to present today the most advanced continuous glucose monitoring device; Truecose. We are working at finding the ways to better improve people’s lives with the most effective equipment. Truecose’s business model is to continue building the company’s name and trust of its customers by leading technologies in the market it serves. The company through all divisions will continue to make the “world safer, greener, better”. The acquisition of Dexcom has proven to be the most beneficial option in helping to improve new continuous glucose monitor. Pall has developed a strategic plan that has minimized risks, such as FDA regulations and the high costs of research and development, by acquiring Dexcom. Truecose is expected to be highly profitable device, considering more and more of the population are being diagnosed with diabetes and are in need of better management methods. Pall Corporation will continue to work with Dexcom’s previous staff to improve the working relationships and blend the companies so that the...
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...The Future of Cardiovascular Diagnostics THE MARKET, TRENDS & FUTURE DIRECTIONS Extracted on: 20 Apr 2011 Reference Code: BI00021-008 Publication Date: 02 Mar 2010 Publisher: Datamonitor © Datamonitor This content is a licensed product, no part of this publication shall be reproduced, sold, modified or stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of Datamonitor. The information in this document has been extracted from published research by a registered user of the Datamonitor360 platform. Datamonitor shall not be responsible for any loss of original context and for any changes made to information following its extraction. All information was current at the time of extraction although the original content may have been subsequently updated. Please refer back to the website http://360.datamonitor.com/ to view the most recent content and the original source of the information. To the maximum extent permitted by applicable law we exclude all representations, warranties and conditions relating to the facts of all publications. At time of publication no guarantee of accuracy or suitability, whether express or implied, shall attach to this publication (including, without limitation, any warranties implied by law of satisfactory quality, fitness for purpose and/or the use of reasonable care and skill). Please note that the findings, conclusions and recommendations...
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...Case #1 Medical Center of Southern Indiana History The Medical Center of Southern Indiana was the brainchild of two community members in 1973, originally named North Clark Community Hospital (NCCH). Many years after the initial conception of the NCCH, and numerous positional changes throughout the corporate structure, “North Clark Community Hospital opened its doors in September 1976,” (Rakich, Longest, & Darr, 2010). Unfortunately, NCCH only experienced difficult times for the next nine years, daily loss of profit due to unoccupied treatment beds and unused facilities, and lack of competitive advantage in the market to aid in the marketing of the hospital to increase profits eventually lead to the sale of the hospital in 1985 for $15 million to Hospital Corporation of America (HCA). HCA began reorganizing and transforming the entire structure of the hospital, these changes provoked renowned community support, to which HCA sold the hospital six years later to the City of Charleston for a drastically lower price of $2 million, thus NCCH name was changed to the Medical Center of Southern Indiana (MCSI). Internal Strengths and Weaknesses MCSI has employed very intelligent staff members, this workforce has been maintained properly creating a very low employee turnover rate of 11%, which is one of MCSI’s internal strengths. The second internal strength would be MCSI’s management of finances. MCSI internal weaknesses consist of the history attached to the hospital and its failures...
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...Keller graduate school of management | Project Portfolio Management | Karl Storz Corporation | | [Type the author name] | [Pick the date] | Setting up the Project Portfolio Management system for the Karl Storz Corporation | TABLE OF CONTENTS Industry Background 2 Company Mission and Strategy 2 Organizational Structure 3 Project Organizational Chart 4 Selection Criteria 5 Industry Background The medical device industry is filled with many companies who compete with Karl Storz. Companies such as Olympus and Stryker are their top competitors. Mainly this part of the medical device industry is geared toward surgical and diagnostics applications using flexible endoscopes. Gastroenterologists typically use flexible scope to view the GI track of a patient and determine if a surgical procedure is necessary. Storz also develops scopes for a vast number of medical disciplines such as Neuro-Endoscopy, Oral and Maxillofacial Surgery, ENT (Ear, Nose, Throat), and Cardiovascular to name a few. This self-named, family owned company was established in 1945 with a vision of introducing very bright, but cold light into the body cavities the instruments, thus providing excellent visibility while at the same time allowing objective documentation by means of image transmission. Today Karl Storz is run by the late Karl Storz' daughter, Dr. Sybil Storz and her son Karl-Christian...
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...Communication and Information Technology - Electronic Medical Records HCS 320 July 31, 2011 Communication and Information Technology - Electronic Medical Records Technology plays an important role in health communication, in every health care facility we encounter some type of technology that allows health care personnel to communicate more efficiently. As technology evolves new developments make communication and organization in health care facilities much easier. One communication technology that is being utilized in the health care field today is Electronic Medical Record (EMR). EMR is an acronym for Electronic Medical Records. This refers to a paperless, digital and computerized system of maintaining patient data, designed to increase the efficiency and reduce documentation errors by streamlining the process. (Santiago, 2011) In this paper I will describe how EMR technology allows for efficient and effective communication, I will describe the advantages and disadvantages of using EMR technology, discuss financial impacts on using EMR, and discuss improvements for use of EMR. Many believe the U.S. health care industry is the world’s largest, most inefficient information enterprise. The OECD (Organization for Economic Cooperation and Development) estimates that over $1.7 trillion per year is spent on health care. (Hillestad, Bigelow, Bower, Girosi, Meili, Scoville, & Taylor, 2005) Also, most medical records are still stored on paper, which means records...
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...Maria Rodriguez Colorado University Introduction Medical Economics, a QR code is a two dimensional bar code holding the same information but in a smaller space. QR stands for quick response and was created by a Japanese corporation Denso-Wave in 1994. (Medical Economics, June 25, 2012). The use of the QR code is revolutionizing technology that can be used to provide personal health records for patients, link to online resources and track inventory in offices. In this scenario, the residents of Marin County, California whose population mostly consists of the elderly have heard about a pilot study, but are skeptical about this new “fangled technology”. This population is concerned on whether or not they should participate in this study and have many questions that need answers. The purpose of this research is to help this population understand the advantages and disadvantages of participating in this study, to determine whether or not the use of QR codes and stickers offer promise in emergency situations, and to help this population make the best educated decision. Body The use of technology has come to increase patient safety and quality of care and through the use of QR coding is making information more accessible to people making it easy to be retrieved from any smartphone. The use of QR codes has its advantages and disadvantages. For example, one of the advantages of using QR codes in healthcare is that they get their patients involved in their health through...
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...CASE CONTEXT Advanced Medical Technology Corporation (AMT) developed, manufactured, and sold scientific medical instruments, needles and catheters that allowed rapid and less invasive access to a number of different organs and vessels. These products represented an alternative to a traditional surgical procedures and allowed analysis or corrective treatment with less risk and trauma and at a lower cost. An example of the products was catheters that could be introduced into a blood vessel and then manipulated through partially closed arteries or into the heart itself. Despite this good trend of sales volume, the company undergone history of operating losses as a result of various factors. This condition conveyed doubt on its ability to meet obligations hindering it to acquire credit line from banks. AMT had experienced extraordinary growth fuelled by heavy spending on research and development and a rapid expansion of its sales force having sales growth in excess of 30 % per year. Sales volume, which had grown continuously from the start, was always large in relation to the capital. On June 2 1983, it established a connection with Biological Labs Inc., which had fallen in catheter and instrumentation technology and abandoned its internal efforts. AMT sold 5% of its outstanding stock for 7 million and the right to purchase additional 13% over 5-year period ending June 1988 for 12 million. Arrangement of a new line credit with Western National...
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...meeting the challenges in medical care © Courtesy of the Kitasato Institute archives In 1921, Terumo Corporation was founded by several medical scientists and doctors, including Dr. Shibasaburo Kitasato to produce clinical thermometers in Japan. Until then, these vital medical devices were imported, and had been since the close of WWI. In the late 19th century, Kitasato studied in Germany under Dr. Robert Koch, a founding father of microbiology and proponent of the germ theory. In fact, Kitasato was the first person ever to succeed in culturing tetanus microbes, after which he propounded serotherapy. Later, serotherapy was used to treat diphtheria patients, saving many lives. After returning to Japan, Kitasato founded the Institute of Infectious Diseases, the School of Medicine at Keio University, and the Japan Medical Association. Today, Kitasato is known as the father of modern medicine in Japan. Terumo’ s mission remains unchanged: to persist in the quest of contributing to human health and life, to maintain an indomitable spirit and meet each new challenge with the same determination that our founder, Dr. Shibasaburo Kitasato maintained throughout his life. Corporate Mission Contributing to Society through Healthcare We contribute to society by providing valued products and services in the healthcare market and by responding to the needs of healthcare providers and the people they serve. Corporate Vision Terumo's unique technology makes medical treatment kinder and gentler...
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...Candela Corporation XXXXXX XXXXXX ACC/230 February 2, 2014 Dr. Sergio Perez Candela Corporation “Candela Corporation is a pioneer in the development and commercialization of advanced aesthetic laser systems that allow physicians and personal care practitioners to treat a wide variety of cosmetic and medical conditions” (Fraser & Ormiston, 2007, p. 146). Candela has been in business for more than 34 years. In the beginning, they were developing and enhancing laser technology applications. In the mid-1980s, they began focusing more on developing laser technology for medical applications. Since the early 1990s they have focused on laser technology for the aesthetic and cosmetic industry (Fraser & Ormiston, 2007, p. 146). Every corporation is required to prepare four financial statements every year; the balance sheet, the income statement, the statement of stockholders’ equity, and the statement of cash flows. Each financial statement contains certain information regarding the financial position of the corporation. The balance sheet lists the assets, liabilities, and stockholders’ equity on a specific date. It shows the financial condition of the corporation by showing what the corporation owns and what it owes to outside creditors and its stockholders. The income statement provides the revenues, expenses, and net income for an accounting period, showing the operating performance of the corporation for that period. The statement of stockholders’ equity lists the...
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...Service Robotics Development Japanese industrial robots are estimated to represent a share of approximately 30% of the world market. The service robot industry will grow up to 65 billion yen in 2020. Japan has maintained its high patents rate and achieved rapid growth in the areas of speech recognition and safety technologies as well as technologies related to affinity to human beings. The ministry investing the largest budget for robotics R&D is the Ministry of Economics, Trade and Industry (METI). There are two large scale ongoing projects funded by METI that are focused on next generation intelligent robots and living assistance robots. Introduction For decades, Japan has maintained high competence in developing advanced robotics technologies. The proportion of Japanese industrial robots in the world market has grown steadily, mainly in response to the increased demand for industrial use. Today Japanese industrial robots are estimated to represent a share of approximately 30% of the world market. Faced with a rapid increase in serious concerns about an aging population combined with the decline in birth rate, a growing number of people look to advanced intelligent robots, not merely as suitable for industrial use, but also for service applications for people to support nursing care and housework. The Aichi Expo in 2005 was a big turning point when Japanese service robots were widely praised both inside and outside Japan. Since then, the Japanese government has supported...
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...ADVANCED MEDICAL TECHNOLOGY CORP CASE 2. BA 280.1 EXECUTIVE SUMMARY The case analysis focused into determining whether Tom Winter (Western National Bank) shall approve Peter Haskins’ (Advanced Medical Technologies) application for an $8M loan. Advanced Medical Technologies, a young company who has invested in research and development and marketing in its three years of operations (1983-85), is seeking for WNB’s approval of the said loan to fund their growth to 1986. This was despite the fact that the company has already availed of short-term loans from Sunnyvale and two other banks and in all accounts fell short of meeting their responsibilities. On top of this, AMT has also opened itself to Biological Laboratories’ buying of shares and possible merger. Using Tom Winter’s perspective, the 3-year financial statements of AMT was analyzed and revealed that the company’s operating expenses have continually increased over the 1983-85 period, overdrawn credit limit at Sunnyvale. Despite these seemingly negative indicators of AMT’s financial health, the company still presents itself as a strong player in the industry with its Gross Profit (GP) Ratios which increased from 48 to 55% from 1983-853. For AMT to realize its full potential, it must ensure that it has facilities in place to support production. Hence, the group came to a conclusion that Mr.Winter should approve the entire $8M which AMT applied for. Furthermore, so as for WNB to continuously support AMT’s financial needs...
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...ADVANCED MEDICAL TECHNOLOGY CORP CASE 2. BA 280.1 EXECUTIVE SUMMARY The case analysis focused into determining whether Tom Winter (Western National Bank) shall approve Peter Haskins’ (Advanced Medical Technologies) application for an $8M loan. Advanced Medical Technologies, a young company who has invested in research and development and marketing in its three years of operations (1983-85), is seeking for WNB’s approval of the said loan to fund their growth to 1986. This was despite the fact that the company has already availed of short-term loans from Sunnyvale and two other banks and in all accounts fell short of meeting their responsibilities. On top of this, AMT has also opened itself to Biological Laboratories’ buying of shares and possible merger. Using Tom Winter’s perspective, the 3-year financial statements of AMT was analyzed and revealed that the company’s operating expenses have continually increased over the 1983-85 period, overdrawn credit limit at Sunnyvale. Despite these seemingly negative indicators of AMT’s financial health, the company still presents itself as a strong player in the industry with its Gross Profit (GP) Ratios which increased from 48 to 55% from 1983-853. For AMT to realize its full potential, it must ensure that it has facilities in place to support production. Hence, the group came to a conclusion that Mr.Winter should approve the entire $8M which AMT applied for. Furthermore, so as for WNB to continuously support AMT’s financial needs...
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...astonished to learn that a microchip which is implanted under the skin of a patient which would then give doctors instant access to a patient’s medical records had won the approval of the Food and Drug Administration back on October 12, 2004. The approval was immediately denounced by HIPAA (Health Insurance Portability and Accountability Act) advocates, who rightfully believed that it could endanger patient privacy and thus be the stepping stone towards a major disaster. In this paper I’ll examine how the fundamental concept of a right to patient privacy could possibly be jeopardized by the chip, from unauthorized users gaining access to one’s confidential medical records to perhaps allowing the tracking of one’s daily activities. Information of this magnitude if in the wrong hands could prove to be disastrous beyond comprehension. A company in favor of the use of the VeriChip is PositiveID Corporation. This company was formed on November 10, 2009 through the merger of VeriChip and the Steel Vault Corporation. This advanced technology development company was awarded the exclusive rights to distribute the VeriChip, also called a RFID (Radio-Frequency Identification). This implantable microchip transmits a unique code to a scanner which would then allow doctors and hospitals to confirm the patient’s identity and obtain the needed medical information. The premise is quite similar to the scanner that grocery stores have been using for years at the checkout lane. The company maintains...
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...Advanced materials. Global industry analysis. The material science has evolved over the centuries and rapidly grown during last hundred years. Today we are talking about advanced material industry as a top point of material science evolution. The science of advanced materials enters to all spheres of human being from clothing and household items to the space industry. Also this industry widely presented in following spheres: bioscience, electronics, medical and healthcare, construction, automobile, power and alternative energy, manufacturing, sport, telecommunication and many others. Indeed industry of advanced materials will be one of the biggest drivers of the world economy growth in current century. “Materials” is matter of everything physical like glass, ceramics, polymer, metal alloys. And “Advanced materials” are materials with higher performance characteristics “such as toughness, hardness, durability and elasticity, ability to memories shape or sense changes in the environment and respond.” Advanced materials can be implanted into usual items we are using in everyday life. This is something we have never thought about like apparel which people are wearing could become more insulated when you feel cold or touch screen computer which you can wrap and fold with very high performance and less energy use. Market for advanced materials is unlimited because each “traditional material” in every item can be improved and switched to advanced material use...
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