...Medical Technology MEDICAL TECHNOLOGY VOL ATILE INDUSTRIES? A SAFE HAVEN for Novumed Spotlight Novumed Spotlight Novumed Spotlight The Benefit of Expansion into Medical Technology financial crisis 2008 2009 2010 2011 Segment comparison at Agilent 2008 - 2011, in US$ M. Source: Agilent annual reports, Novumed Life Science Consulting In 1999, several business units were spun off from global computer technology provider HewlettPackard to form Agilent, with approx. US$ 8 billion in revenues. This spin-off marked the largest initial public offering in the history of Silicon Valley. Initially, Agilent’s revenues came predominantly from the sales of its electronic test & measurement and semiconductor business units. With its strong ties to the communication industry, specifically the internet, Agilent’s stock was valued highly. Despite this high regard, management decided not to focus solely on its core sectors, by creating a life sciences business unit in 2000. A wise decision in retrospect. The life sciences and chemical analysis units now collectively generate half of the company’s sales, and allowed Agilent to remain profitable despite the collapse of the electronic measurement unit’s profits during the financial crisis. As one of many examples, this illustrates the growing importance of the medtech segment, which is gaining attention of industry groups from various sectors. What factors make medical technology so attractive? Which industries...
Words: 3838 - Pages: 16
...Health Insurance Qin Guo Class: 600 Robyn conners 09/17/2012 Health Insurance With the social development, more and more people think that health is the most important thing for their lives. However, each person has a different way to reach a healthy level. Some people think they need to get balanced diet to avoid getting an illness when they are so fat. Some people think they just need to get enough exercise and make their body stronger than before, therefore, they can reduce the chance getting an illness. Besides, more and more people begin to learn how to get health insurance in their daily lives. What is a health insurance, a lot of people might not to know the mean of it? Health insurance is guarantee which support people for against risk and something problems in their daily lives, such as health accident, traffic accident and medical bill. According to people’s condition, the insurance companies have a plan to make sure how much people will pay per month, and these money will be used in people’s future if something problems happen to them. Although a lot of people become aware that insurance is important, there are still some people that do not think so. In order to make people get health insurance, the important thing is known about of health insurance deeply. Therefore, to make people know about and help people get rid of troubles in their future, it is important for them to know and understand about the background of health insurance...
Words: 1889 - Pages: 8
...Cancer Control Knowledge into Action WHO Guide for Effective Programmes Diagnosis and Treatment Cancer Control Knowledge into Action WHO Guide for Effective Programmes Diagnosis and Treatment WHO Library Cataloguing-in-Publication Data Diagnosis and Treatment. (Cancer control : knowledge into action : WHO guide for effective programmes ; module 4.) 1. Neoplasms – diagnosis. 2. Neoplasms – therapy. 3. Early detection. 4. National health programs. 5. Guidelines. I.World Health Organization. II.Series. ISBN 978 92 4 154740 6 (NLM classification: QZ 241) © World Health Organization 2008 All rights reserved. Publications of the World Health Organization can be obtained from WHO Press, World Health Organization, 20 Avenue Appia, 1211 Geneva 27, Switzerland (tel.: +41 22 791 3264; fax: +41 22 791 4857; e-mail: bookorders@who.int). Requests for permission to reproduce or translate WHO publications – whether for sale or for noncommercial distribution – should be addressed to WHO Press, at the above address (fax: +41 22 791 4806; e-mail: permissions@who.int). The designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the World Health Organization concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. Dotted lines on maps represent approximate border lines for which there may...
Words: 15069 - Pages: 61
...------------------------------------------------- 1: 5 (Indian Medical Council) ------------------------------------------------- Nurses to Bed Ratio ------------------------------------------------- ------------------------------------------------- 1:3 Bed Recruitment and Selection Procedure Manpower planning calls for the integration of information, formulation of policies and forecasting of future requirements of human resources so that the right personnel are available for the right job at the right time. Planning job requirements and job description Manpower planning consists of studying job requirements and preparing job description. The requirements of each and every job must be thoroughly studied through job analysis. Job Analysis Job analysis is the process of examine a job to identify its component parts and the circumstances in which it is performed. It is necessary to be familiar with these techniques because its application is quite wide and extends across the whole range of staff management function. 1. Recruitment: Its aims at filing jobs by recruitment of the programme. 2. Salary: It is designed for finding the correct grading of individual pasts. 3. Safety: It is meant for identifying job hazards 4. Training: it is intended to decide the...
Words: 2031 - Pages: 9
...2. Data mining search parameters A data mining algorithm is a set of heuristics and calculations that creates a data mining model from data. To create a model, the algorithm first analyzes the data you provide, looking for specific types of patterns or trends. The algorithm uses the results of this analysis to define the optimal parameters for creating the mining model. These parameters are then applied across the entire data set to extract actionable patterns and detailed statistics. The mining model that an algorithm creates from your data can take various forms, including: * A set of clusters that describe how the cases in a dataset are related. * A decision tree that predicts an outcome, and describes how different criteria affect that outcome. * A mathematical model that forecasts sales. * A set of rules that describe how products are grouped together in a transaction, and the probabilities that products are purchased together. Microsoft SQL Server Analysis Services provides multiple algorithms for use in your data mining solutions. These algorithms are implementations of some of the most popular methodologies used in data mining. All of the Microsoft data mining algorithms can be customized and are fully programmable using the provided APIs, or by using the data mining components in SQL Server Integration Services. You can also use third-party algorithms that comply with the OLE DB for Data Mining specification, or develop custom algorithms that can be...
Words: 3079 - Pages: 13
...Capital Expenses Financial Resource Management HSC571 July 21, 2014 Capital Expenses At Baptist Hospital Cancer Center it has been determined that a proposal for expenses for a digital imaging system is needed. This system is the BioVision by Faxitron. It is a Digital Surgical Biopsy Specimen Imaging System. The total cost is $99,875.00. With this acquisition it will include an instant corroboration of an effective biopsy procedure. This system has over twenty features. Some of these includes the 10cm x 15cm digital detector, high resolution 2.3 MP flat-panel LCD monitor, Ergonomic Keyboard, Transparent Imaging Door, 3 Hour Battery Backup Operation, Battery Life Indicator, Automatic Exposure, Automatic Calibration, 2 times Magnification, and DICOM compliant. The best feature will be the time saved in the operating room by using this imaging system. Additionally it includes one year warranty and one day of in-service training by a factory trained professional. This proposal explains how the acquiring of Faxitron’s BioVision is supported by the organizations goals and management needs and improving the financial well being of the Miami cancer center. The purpose for this report is to establish the need to invest in this system. The report will disclose financials and operating costs. The Baptist Hospital Cancer Center is a corporation that provides outpatient treatments to patients in its targeted area. Most of our patient about 85% to 90% will have...
Words: 3078 - Pages: 13
...care to people. A health care facility includes hospitals, clinics, specialized care centers, and outpatient care centers. Health care facilities range from relatively simple and small clinics to complex larger and costly research hospitals. A healthcare facility should communicate messages to patients, volunteers, visitors, and staff as an establishment of kind, comfort and welcoming compassion. Health care facilities commitment to patient’s and families’ is their well-being and safety, a health care facility should also influence employee behaviors and attitudes. Health care facilities evoke change and the advancement of a better delivery of healthcare. Very often healthcare facilities must be renovated to improve healthcare delivery. This paper will discuss Emory University Hospital’s in Atlanta, GA emergency room and surgical center new for renovations Regulatory requirement, color selection, equipment and electronic needed budget planning and cost estimate, and the role of stakeholders in facility planning and development Facility Planning Regulatory requirements and their effect on the design and equipment * * * Hospitals are the most complex of building types. Each hospital consist of of a wide series of services and functional units such as clinical lab, imaging, emergency rooms, diagnostic and treatment functions, surgical hospitality functions, and the basic inpatient care. These ranges of functions are mirror with specific regulations, codes, and supervision...
Words: 1479 - Pages: 6
...Pathopharmacological Foundations for Advanced Nursing Practice Competency Assessment WUT Task 1 Pamela L. Taylor RN-C(OB), BSN Western Governors University June 2016 A. Disease Process For the purpose of discussion of pathopharmacological features of a specific disease process, this paper will provide information related to heart disease in the form of coronary artery disease (CAD). A1. Pathophysiology Analysis Cardiovascular disease (CVD) is the number one cause of mortality worldwide and becoming a steadily more investigated problem due to its prevalence. Much research is going into genetic, inflammatory mechanisms and neuro-hormonal factors related to CVD as scientific knowledge evolves regarding complexity of this broad pathophysiology. Atherosclerosis is the leading cause of the subsection of CVD called CAD. This is a form of arteriosclerosis where there is progressive thickening and hardening of the vessel walls of the two major coronary arteries and their branches. The thickening is an accumulation of lipid-laden macrophages inside the wall of the artery leading to the formation of lesions and plaque buildup (McCance, K. & Huether, S., 2014). When the plaque develops on the coronary artery walls the pumping ability of the heart becomes impaired as oxygen and nutrients needed for heart function may be partially or completely impeded. Complete occlusion of a coronary artery or one of its branches leads to a myocardial...
Words: 4865 - Pages: 20
...worldwide international company and we felt they were a leading example. Innovations& Entrepreneurship Sector :Life& Health Sciences Company Norbrook Part One – Profile Owner Lord bally Edmond Company Name: Norbrook Laboratories Limited Year Established: 1969 Norbrook is the largest privately owned pharmaceutical company in the world. Company Name: Norbrook Laboratories Limited ships product to 120 countries around the world has manufacturing plants in 4 continents. “Since its foundation over 40 years ago, our company has grown to be one of the world’s leading pharmaceutical companies. Norbrook® Laboratories has established itself as a global leader in the development of revolutionary veterinary and animal health medicines. Norbrook® Laboratories Ltd is a dynamic and fast-growing international company, employing 1500 people in Newry and a further 1500 worldwide. We have a number of exciting opportunities from Sales &...
Words: 5612 - Pages: 23
...Operations Management and Healthcare Nicholas Drzycimski Operations Management SCMS 3510-003 University Of Memphis November 9, 2015 Introduction Most people would agree that access to healthcare is an issue with definite room to improve; there are constant demands from both taxpayers and the society for change. Organizations which provide healthcare are faced with economic limitations and constraints, long waiting times and queues of patients. Healthcare organizations are also affected by strict budgets that prevent them from procuring additional resources. One solution to combat all three of these constraints simultaneously would be to implement ideas and concepts from the Operations Management field of business. The most effective concept would likely be Lean production, that is, limiting as much waste as possible while using what resources are on hand to their most effective state possible. Of course, this is a very difficult goal to achieve when dealing with the unpredictability of day-to-day operations at a hospital, but measures can and should be taken to limit as much waste as possible and maximize efficiency of resources used. While new ways to implement more ideas and concepts of Operations Management into the healthcare industry are constantly being researched, there are aspects and tasks that are performed in a Hospital that can be considered the operations of a hospital. The goal of this paper is to explain some of these operations of a hospital...
Words: 1585 - Pages: 7
...Market Landscape ........................................... 9 06.1 Market Overview .......................................................... 9 06.2 Market Size and Forecast........................................... 9 06.3 PCR Market in US ........................................................ 10 06.3.1 Mark et Size and Forecast .................................................. 10 06.4 PCR Market in Europe................................................ 11 06.4.1 Mark et Size and Forecast .................................................. 11 06.5 PCR Market in Japan ................................................. 12 06.5.1 Mark et Size and Forecast .................................................. 12 06.6 Five Forces Analysis ................................................... 13 07. Market Segmentation by...
Words: 14531 - Pages: 59
...Arroyo Fresco Community Health Center Case Study Analysis Abstract Arroyo Fresco (AF) currently provides services through eleven clinics and four mobile service vans across western Arizona. The three counties that are served through AF provide high quality primary care and preventative services to demographic areas with diverse geography, culture, income, and other varying factors (“Arroyo Fresco,” 2006). The facility guides its decision making process for organizational strategies with the combination of FOCUS and SWOT analysis. This allows for a well-rounded check and balance system to manage and prepare for current and future strategies for short term and long term processes. The increase in financial demands, consumer expectations, partnerships and mergers, quality of care given, and health care reform restructuring have placed a lot of expectations on health care facilities (“Creating an ethical culture,” 2011). The organizational strategy proves to be an important structure in order to provide a clear definition on how AF can change over time in order to successfully deliver a strategy and action plan that will benefit the short term and long term projections within the company (“Executive Insight,” 2008). AF has an found areas to improve the job descriptions, relationships, and management processes (Miles, Snow, Meyer, and Coleman, 2013). The organization strives to establish a strategic set of goals that will monitor, advance, and demonstrate health care results...
Words: 3858 - Pages: 16
...life has become a necessity even in the health care system and is covered by the federal regulations. The implementation of the Electronic Health Records (EHR) by 2014 has become mandated as ordered by President George.W.Bush in 2004 which was seconded by the Joint Commission for the Accreditation of Health Care Organizations (JCAHO) and Health Insurance Portability and Accountability Act (HIPAA). These organizations asked the health care providers to comply with the new legislation and those community-based physician practices who were earlier reluctant to accept and implement it have now realized that the health care in sequence systems in the form of CPOE (computerized physician order entry), EMR (electronic medical records), the tele-medicine, complex disease management, and automated billing systems are very beneficial to them The paper intends to showcase the comparison and contrast between a contemporary health care facility and a traditional health care facility which prevailed before twenty years. At least two major events and technological advantages influencing the practice of the current health care information system are also included in this paper. Definition of Health Care Information System It would be better to understand the two primary classes of health care information system; the Clinical and administrative information systems, prior to the discussion of its evolution and growth in the last two decades. To quote Wager, Lee, and Glaser (2009),” A health...
Words: 1723 - Pages: 7
...with Bergerac’s diagnostic instruments for animal care. The feedback was always valuable, although on this visit it was not entirely positive. tC The customer feedback was fresh in Wyckoff’s mind as he returned to the proposal he had started reviewing that morning. It summarized the “make vs. buy” analysis for OmniVue cartridges conducted by his director of planning, Bob McCarthy. McCarthy recommended that Bergerac build a cartridge fabrication unit within its own plant rather than acquire GenieTech, one of the company’s two current cartridge suppliers. No The decision between in-house development and external acquisition was critically important. Bergerac was growing fast—averaging 17% annually since 2007—but it remained a small player with limited resources in a very competitive market, and Wyckoff was determined to avoid a costly mistake. He had to make a decision quickly, as the supply of OmniVue cartridges had been inconsistent in recent months. Indeed, the veterinary practice that Wyckoff had just visited had recently been frustrated by a temporary stock-out at their distributor. To maintain Bergerac’s growth trajectory, it was imperative for potential customers to have full confidence in the company’s ability to deliver on its promises. Furthermore, the contract with the other cartridge supplier, Elsinore Plastics, would come up for renegotiation in August 2010—a mere three weeks away. Market Overview: Evolution of Pet Diagnostics Do In 2010...
Words: 4184 - Pages: 17
...………………………………………………….13 3.4 Conclusions…..…………………………………………………………………………………………………………………….20 4. Turning research into novel medical devices………………………………………………………………………………….22 4.1 The Medical Device Development Process…..……………………………………………………………………..22 4.2 CIMIT: A Structure for Medical Device Innovation…..………………………………………………………….23 4.3 Stanford Biodesign: Innovation as a Discipline…..………………………………………………………………..26 4.4 Conclusions and Recommendations…..……………………………………………………………………………….28 5. Summary and Conclusions…………………………………………………………………………………………………………….30 6. Acknowledgements……………………………………………………………………………………………………………………….32 7. References…………………………………………………………………………………………………………………………………….33 Appendices A1 Selection of Key Institutes A2 Results Patent Analysis A3 Research Profiles 1. Introduction This report analyzes the R&D infrastructure in the United States in the field of new medical devices. It is part of the Innovative Medical Devices Initiative the Netherlands (IMDI.NL) thematic program that aims to focus the Netherlands’ R&D infrastructure for medical devices on health care demands and economic growth (1). The study is a collaboration...
Words: 34578 - Pages: 139
