According to a new report published by Markets and Markets, the medical device contract manufacturing market is expected to reach $91.3 billion by 2024, up from an estimated $55 billion in 2019, at a CAGR of 10.6%.
In this in-depth feature article, seasoned writer Chris Hayhurst explores an important subject in healthcare technology management: capital equipment purchasing. Read on to learn how HTM professionals are playing key roles in procuring the equipment hospitals need.
The repair and maintenance of medical lasers can play a significant role in a typical biomedical technician’s duties. But vague regulatory guidelines are causing confusion about who is qualified to maintain the equipment and which procedures should be followed.
Aurora, Ohio-based PartsSource announces that it has been awarded a group purchasing agreement for clinical equipment repair and maintenance services with Premier Inc. Under the new deal, Premier members can take advantage of special pricing and terms pre-negotiated by Premier for clinical equipment repair and maintenance services.
Read MoreChief Editor Keri Forsythe-Stephens wrote this editorial on the eve of the presidential election—an election that has been divisive, heated, and downright dramatic at times. But regardless of which candidate you supported (Spoiler alert: By the time you read this, you will know who the 45th president of the United States is.), one fact remains: The policies endorsed by the next POTUS could have strong implications for the healthcare sector.
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Alpha Source has completed its transition as the nationwide services and exclusive parts provider for GE Healthcare’s bone mineral densitometry (BMD) products in the United States. The installation, warranty, and post-warranty servicing of GE Healthcare’s BMD equipment aims to complement the ultrasound imaging service Alpha Source has been providing on selected GE Healthcare ultrasound products since 2014.
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The Texas Medical Center (TMC) Innovation Institute has welcomed 11 startups selected from more than 100 applications to its accelerator program, TMCx, which for the first time is focusing exclusively on medical devices. This is the third installment of TMCx, a program that couples the resources of the world’s largest medical center with the innovative spark of entrepreneurs.
Read MoreIt has been 17 years since the Institute of Medicine published the landmark “To Err Is Human.” Among the strategies it recommended to improve safety was implementing voluntary report systems with legally built in confidentiality protections so health care organizations wouldn’t be discouraged from participating. This was hardly a novel idea even then; after all, the Aviation Safety Reporting System has been around since 1976. But what have we really learned since then?
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Purchasing today’s medical technology involves much more than just finding the best price. You must implement a total systems approach to facilitate organizational goals and achieve a return on investment. That starts with identifying key stakeholders and getting an accurate picture of expenses through both capital and operational costs.
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Clinical engineering plays a central role in planning for the replacement and acquisition of new capital equipment. The data you provide will directly impact the day-to-day operations and financial well-being of your organization for years to come. So what information do you need to provide, where do you get it, and who needs to receive it?
Read MoreAlpha Source has released a new data study on the total cost of ownership of ultrasound equipment that may help hospitals decide whether to adopt a comprehensive service contract. The report analyzed a base of 673 ultrasound units in clinical use in US hospitals and clinics over a 3-year period between 2010 and 2014.
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Often, the most effective means to reduce service contract costs is simple competition. Once you have a quote in hand from a vendor, it’s time to employ some standard capitalist tactics.
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Engineers and technicians are not always known for their ability to write good reports. To help you out with your end-of-year obligations, 24×7 called on editorial board member Dave Harrington to offer some guidelines. He provided a highly versatile vocabulary list.
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Healthcare technology management and 24×7 are looking forward to an exciting new year, but what’s ahead depends a great deal on what has come before.
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Service contracts come in all shapes, sizes, and prices. To avoid being taken advantage of, you have to know your way around a contract and understand the particular needs of your facility. The first half of this series reviews factors you should consider before shopping around and some of the main types of service coverage.
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