The omicron variant of the coronavirus has made clear that the impact of the pandemic is far from over, particularly for health systems and hospitals. The ongoing need to limit close contact between providers and patients means technology will continue to play a key role, but with that increased reliance on technology comes the heightened exposure to cyber risks, as well.
Increased use of remote and telehealth programs, networked medical devices, and “smart” product storage come with their own inherent risks.
Keeping temperature-sensitive medical products within the required levels is vital in today’s world, especially as supply-chain issues are making transportation challenging. Monitoring equipment will ensure items stay safe as they move from the device manufacturer to consumer.
The pandemic caused a significant increase in telehealth and health tech adoption among all consumers and care professionals, especially those for older consumers and caretakers.
The more healthcare professionals know about the benefits of digital health, the more they can leverage it to improve their patients’ experiences and remain resilient in an increasingly competitive space.
Experts point out some pitfalls that medtech companies should be aware of when trying to raise capital.
The pandemic put unprecedented pressure on drug and medical device production, underlining the growing challenge of monitoring, analyzing, reporting and acting on quality. It became clearer than ever before that the more fragmented processes become, the more critical it is that they can be assessed and managed for consistent quality. At the same time, innovative tools and best practices have emerged.
For private equity and venture capital investors alike, there are five key trends presenting both headwinds and tailwinds that may impact investment flows into 2022.
The talent behind a company’s solutions is its biggest competitive advantage. For many medtech companies, attracting candidates requires taking a fresh look at the recruiting and retention process.
The application of AI in telehealth to allow doctors to make real-time, data-driven rich choices is a key component in generating a better patient experience and improved health outcomes.
