...Advanced Medical Technology Corporation (AMT) Background Advanced Medical Technology Corporation, AMT, is a company that develops, manufactures, and sells medical instruments that offer an alternative to traditional surgical procedures at less risk and lower cost. Due to the innovative nature of the company and their need to sustain growth patterns they invest heavily on research and development and in their sales force. At the present time, AMT has been able to grow their sales in excess of 30% annually. However, it should be noted that Peter Haskins, AMT President, believes that the sales trend the company has experienced will continue and if the company fails to meet sales demand it will compromise it’s market position. Thus far, AMT has relied on short term credit, lease agreements, and the establishment of a connection with Biological Labs Inc. to meet the demand for their products and continue R&D patterns. Peter Haskins recently approached our bank because he had become dissatisfied with his loan agreement of $6 million at Sunnyvale Bank. Mr. Haskins explained that Sunnyvale Bank did not make an effort to understand his company and that they had adopted a very restrictive attitude that has limited AMT’s room for expansion. In the body of the memo we will provide the following: a general analysis, financial statement analysis, a review of the 5 C’s of Credit, and an investigation of Biological Labs ability to back AMT. At the conclusion of this memo we...
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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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...chronic disease. By working closely with the physicians around the world, they create therapies to help patients do things they never thought possible. Their medical technologies help make it possible for millions of people to resume everyday activities, return to work, and live better, longer. They are able to do this with the help of some very special people around the world: 38,000 dedicated employees who share a passionate purpose to improve lives, thousands of medical professionals who share their insights and ideas, and hundreds of advocacy associations that help us share information so people with debilitating diseases know relief is possible. MEDTRONIC PURPOSE Medtronic is one of the largest medical technology companies that manufactures implantable biomedical devices, with sales in over 120 countries. The Company treats chronic diseases by offering products including bradycardia pacing, heart failure, atreal fibulation, coronary vascular disease, heart valve replacement, etc. They operate Cardiac Rhythm Disease Management, Spinal and Biologicals, CardioVascular, Neuromodulation, Diabetes, and Surgical Technologies. Medtronic, Inc. was founded in 1949 by Earl Bakken and his brother in law Palmer Hermundslie out of their garage in northeast Minneapolis, Minnesota. They turned their garage into a medical equipment repair shop. They originally wanted to sell basketball pumps since there was a shortage of them in the Midwest during this time. Bakken was a grad...
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...company that manufactures high-tech medical equipment and devices like CAT Scanners, MRls and pacemakers. Currently, MedDevice earns more than 80% of its annual revenue from U.S. sales. Strategic studies indicate that MedDevice's greatest growth potential in the next decade is in developing its Asian and Southeast Asian markets. MedDevice has investigated the possibility of opening a wholly-owned branch office in Southeast Asia. However, logistical problems, the complexity of local laws, and the diffrculty of breaking into a foreign market that relies heavily on relationships and connections suggests that forming a joint venture may be necessary to gain access to key distribution channels in the region. Lee Medical Supply Lee Medical Supply is a family-owned company employing about 30 people, located in Bangkok, Thailand. Lee Medical specializes in the distribution and sales of medical products including operating tables, hospital beds, X-ray machines, ultrasounds, and a variety of disposable medical supplies like bandages and syringes. Lee Medical Supply has been in operation since 1960 under the ownership and direction of An Lee, who is now 64 years old. To date, Lee Medical Supply has focused its business on distributing equipment and supplies for overseas (mostly American and European) companies. Under such distributorship arrangements, Lee Medical purchases supplies and equipment from manufacturers and then sells them in Thailand. Lee Medical profits from the difference between...
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...well-wishers and paused to chat warmly by telephone with a former janitor who had called from the United States. Throughout the day, employees greeted “the Chairman” with smiles, hugs, and gifts. Dr. Reddy had founded Apollo Hospitals Madras in 1983 as the first corporate hospital in India. It offered sophisticated treatment in a comprehensive range of medical specialties. Stateof-the-art medical technology, operated by skilled technicians, complemented superior doctors, many of whom had left lucrative jobs in Europe and North America to come to Apollo. Other entrepreneurs had followed Apollo into the market, building several dozen corporate hospitals to compete with Apollo and its government-run forerunners. Since Apollo’s founding, the quality of medical care in India had improved substantially for those who could pay. Despite competition, though, Apollo Hospitals Madras remained a leader in the provision of top-quality medical care and had made a profit for 10 straight years. Reddy had been joined at Apollo by his four daughters, who took prominent roles in the company. Having introduced a new form of medical business to India, the family entered 1995 hoping to expand the availability of Apollo-quality care. The Reddys felt that despite initial troubles, Apollo’s second hospital in Hyderabad was making rapid progress toward profitability. Building more hospitals would take advantage of the company’s experience, but expand its reach only gradually. Therefore...
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...Sterile Barrier Systems: Five Pitfalls for Medical Device Manufacturers It is crucial that medical devices maintain sterility until they arrive at the end user location. If sterility is lost, there may be serious consequences for the manufacturer: the return of the non-sterile product or, in the worst case, the negative impact on a patient's health leading to the device's approval being withdrawn. Therefore, medical technology companies make great efforts to ensure the correct packaging, testing and validation so the sterile barrier system remains intact. The burden on the packaging during its transition from the MDM to the patient is enormous and the risks to the integrity of the sterile barrier are numerous: The production method in the factory, the packing process, vibration during transport in trucks or aircraft, and careless packing workers are all potential sources of danger because hairline cracks or damage may be sufficient to affect the integrity of the medical product packaging, which may in turn effect the package's sterility. We spoke with industry experts and asked them to list from their perspective in the development and validation of medical packaging what are the most common errors. Transport Probably the biggest threat to the sterile barrier is during transport. The manufacturer has the responsibility to ensure the product arrives without damage to the customer. MDMs must be able to validate their packaging is capable of providing reasonable protection against...
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...Certificates of Need for Alabama Durby C. Robinson Jr. Florida Institute of Technology Certificates of Need for Alabama When a healthcare practitioner or group of practitioners seek to get together to form a new organization it is a little more difficult than just setting up a regular business. One of the obstacles in this process is obtaining a Certificate of Need (CON). A certificate of need program helps the public by helping to guide facilities to set up where they are most needed and help healthcare practitioners by helping to prevent them from getting into markets already swamped with similar providers (State of Alaska, 2012). The purpose of this paper is to examine the CON process for the state of Alabama by addressing the facilities that require a CON, the steps in the CON process, how to appeal the CON process, and state exemptions to the CON process. Facilities That Require a Certificate of Need There are many different types of facilities that require a certificate of need. There are many actions that make a certificate of need necessary (Research & Planning Consultants, 2014). Construction, establishment, or acquisition of new healthcare facilities, including: general and many specialized hospitals skilled nursing facilities intermediate care facilities specialty care assisted living facilities (SCALFs) skilled or intermediate care units in veterans' homes rehabilitation centers ambulatory surgery centers facilities for End Stage Renal Disease (ESRD)...
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...Company Profile Stryker Corporation, together with its subsidiaries, operates as a medical technology company. The company operates in three segments: Reconstructive, MedSurg, and Neurotechnology and Spine. The Reconstructive segment offers orthopaedic reconstructive (hip and knee) and trauma implant systems, as well as other related products. The MedSurg segment provides surgical equipment and surgical navigation systems, endoscopic and communications systems, patient handling and emergency medical equipment, reprocessed and remanufactured medical devices, and other medical device products. The Neurotechnology and Spine segment includes neurovascular products, spinal implant systems, and other related products. The company sells its products through local dealers and direct sales force to doctors, hospitals, and other healthcare facilities, as well as through third-party dealers and distributors primarily in the United States, Ireland, Germany, France, Switzerland, the United Kingdom, Japan, Canada, the Pacific region, and Latin America. Stryker Corporation was founded in 1941 and is headquartered in Kalamazoo, Michigan. Stryker Corporation is a leading maker of specialty surgical and medical product based in Kalamazoo, Michigan. although not yet the household name, Stryker is one of the most consistent profitable growth company in America. In 2003, Stryker posted record sales of 3.6 Billion. After John Brown became chairman in 1977, Stryker achieved 20 percent or more annual...
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...COMMUNICATION AND VIRTUAL HEALTHCARE A Vision for Remote Diagnostic Access and Service R 10/18/2011 TM583 Strategic Management of Technology Professor E [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] TABLE OF CONTENTS I EXECUTIVE SUMMARY……………………………………………………………………………………….3 II ABSTRACT………………………………………………………………………………………………………….3 III OVERVIEW AND COMPETENCIES…………………………….………………………………………….4 IV DISCUSSION OF CURRENT INDUSTRY DYNAMICS………………………………………………..5 V POTENTIAL SOLUTIONS AND SOURCING…………………………………………………………….8 VI RECOMMENDATIONS FOR EXECUTIVE COMMITTEE……………………………………………9 VII ATTATCHMENT………………………………………………………………………………………….………12 VIII REFERENCES………………………………………………………………………………………………………13 I EXECUTIVE SUMMARY This research paper examines the capabilities of remote diagnostic access (RDA), and a proactive monitoring system as a foundation of medical equipment telemaintenance framework. In addition, this research will show how the cost effectiveness of such a system, can provide consistent monitoring of elaborate time sensitive data and systems without constraints. Due to recent growth and expansion into the medical equipment industry, the centralization of resources can expedite repair services, and this paper will give solutions to many reoccurring...
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...of Science in Medical Technology at University of La Salette, my primary reason was that I wanted to be a doctor and they say Medical Technology is the best pre-med course. However, as months passed by, I started to realize that it was a best choice to take medical technology because the modernized medical technology can give me the power to be able to answer some questions such as how it is possible to treat and look after an unconscious patient with simply knowing what is going on inside his/her body without any surgery which can make a very big difference to any surgical treatments. Imagining my life as a Medical Technologist few years from now gives me an unexplainable excitement to know how it became too possible that even one of the world’s most powerful explosives can eventually be used to treat heart conditions and also how one of the most dangerous poisons could save people’s lives. Through the technology now used by Medical Technologists, I will be able to understand those kinds of unbelievable instance clearly. If I become Medical Technologist, my work-related learning is much more than the job opportunity. I also believe that it is the most accurate opportunity that involves knowledge and skills in pursuing my future in the broad range occupational areas that are available. I am also planning to proceed as a surgeon specializing on either cardiology or neurology. But on instances, I also want to become a Pathologist which made the Medical Technology become the most...
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...Research project title: Designing a database structure system for management hospital information. Field of research: Information system; database structure; hospital information Section B: Aims This project is going to indicate a new database structure model used to manage information in hospital management with respect to utilizing information and communication technology. It will enhance hospital to retrieve, process and achieve all the information in specific health facilities in a security domain. In fact, the database structure is not really considered as an important aspect in patient informational management in hospital. From the synthesis of the results of current hospital, the management of information within the hospital will include: management of patient information, medical information, laboratory data, diagnostic results, treatments, financial, pharmaceutical, medical equipment and general operations of the hospital. There are numbers of documentation in the database, the problem is illustrated that a hospital database management does not have the same synchronization in all fields. Consequently, it is quite difficult for any information activity in the process. To help resolve this situation, our project will develop a new database structure model that can fit most of the hospitals at all levels and to manage large bodies of information...
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...M U M B AI SILICON VALLEY BANGA LORE SINGA P ORE MUMBA I BK C NE W DE L HI MUNICH The Indian Medical Device Industry Regulatory, Legal and Tax Overview March 2015 © Copyright 2015 Nishith Desai Associates www.nishithdesai.com The Indian Medical Device Industry Regulatory, Legal and Tax Overview About NDA Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi, Munich. We specialize in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner. We focus on niche areas in which we provide significant value and are invariably involved in select highly complex, innovative transactions. Our key clients include marquee repeat Fortune 500 clientele. Core practice areas include International Tax, International Tax Litigation, Litigation & Dispute Resolution, Fund Formation, Fund Investments, Capital Markets, Employment and HR, Intellectual Property, Corporate & Securities Law, Competition Law, Mergers & Acquisitions, JVs & Restructuring, General Commercial Law and Succession and Estate Planning. Our specialized industry niches include financial services, IT and telecom, education, pharma and life sciences, media and entertainment, real estate and infrastructure. Nishith Desai Associates has been ranked as the Most Innovative Indian Law Firm (2014) and the Second Most Innovative Asia - Pacific Law Firm (2014)...
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...Name Professor Course Date Health care is the sustenance as well as enhancement of substantial and rational health particularly through the prerequisite of health services. Consequently, this paper shall look on articles related to clinical laboratory science as well as medical technology. What is clinical laboratory science: Department of Allied Sciences The occupation regarding clinical laboratory science technology also known as health technology is the medical career that offers more concerning laboratory technology. Thus, this also includes the services that are required for the identification along with healing of an illness. Consequently, the clinical laboratory scientists do execute an assortment of laboratory experiments so as to guarantee that the eminences of the test outcomes are correct. Among the paradigms of laboratory tests performed by the clinical laboratory, scientist do comprise of the discovery of the abnormal cells which leads to leukemia. Thus, the detection of DNA indicators for hereditary illnesses is also a test that is performed by the scientist. The careers that relate to clinical laboratory science do involve clinical laboratory broadness in the health facilities, treatment centers as well as viable laboratories. Another occupation entails of clinical laboratory administrators, directors as well as the supervisors in the health offices that they are stationed (Journal of clinical laboratory science 2015). The careers in clinical laboratory are...
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...Many people don’t realize the importance of medical supplies and technology. Medical technology has advanced in many ways throughout the hospital. The distribution of medical supplies is in high demand daily. Medical supplies take care of the little things such as cleaning a wound or big things such as performing a surgery. The advances in medical technology make it easier to perform difficult surgeries. In the early 1970s laparoscopic surgery was first introduced. It is a technique that enables a doctor to insert miniature camera and light to see the inside of the body while performing a medical procedure. The advanced technology available for use today allows magnification of the surgery site up to 20 times its actual size. This allows the doctor to see internal organs rather than two-dimensional that’s required on a regular monitor (Allenbaugh). Another medical advancing surgical technique involves heart disease. Due to genetics, fatty acids can build up in the arterial walls of a heart. A technique, very similar to laparoscopy, has been established. A surgeon inserts a tube into the person up to their artery blockage. On the end of a tube is a “balloon-like” device that increased blood flow through the artery (Allenbaugh)....
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...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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