3 min reading time

I read a valuable paper from ICON plc about hitting cost efficiencies while still achieving productivity and growth.

You can download it for free at http://medgroup.biz/ICONplc

Entitled “Achieving Challenging Mandates for Cost Savings and Pipeline Productivity,” they explain how medical device manufacturers are considering significant corporate cost saving programs, often requiring across-the-board cuts between 15 and 30%.

They cover six pain points you’ll likely face in your clinical development and offer five frameworks and best practices for outsourcing. (This was the most enlightening part of the study for me.)

The paper concludes with a guide how to select the best partner for you and explains how to use an advanced “design & execute” outsourcing model.

In sum, if new product development is a growth driver for you – and you need to be as efficient with your limited resources as possible – give this paper a read.

That link again: http://medgroup.biz/ICONplc

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About ICON
ICON plc is a global provider of drug development solutions and services to the pharmaceutical, biotechnology and medical device industries. The company specialises in the strategic development, management and analysis of programs that support clinical development. With headquarters in Dublin, Ireland, ICON currently, operates from 89 locations in 37 countries and has approximately 12,600 employees. See iconplc.com

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The 10x Medical Device Conference

Just three weeks to go before our fifth 10x Medical Device Conference in San Diego.

See http://MedicalDeviceEvents.com for details about this once-a-year chance to meet medical device thought leaders, network with the group, and enjoy ice cream!

Check out the agenda and the speakers and join us if you can!

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Make it a great week.

Joe Hage
Medical Devices Group Leader

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Julie Omohundro
Principal Consultant at Class Three, LLC
William, I agree, my mind boggles at the thought of outsourcing R&D whole cloth, but I think there are many aspects of R&D that can be and are frequently outsourced, such as verification and validation testing (some or all), and various types of consulting services.

Nathan Glass
VP of Product Development at MedTech Launch
Very few companies can really afford not to outsource R&D. Unless the company is structured in such a way to prevent subject matter experts from becoming burdened by continuous manufacturing, compliance, and quality related issues then R&D moves too slow to be useful.
Additionally, R&D is most successful when connecting several technologies in a new way to solve a well understood problem. Outsourcing allows you to take your user’s needs to someone who can leverage technologies you’ve never heard of in new ways.

Michael Klemm
Owner at Quality Medical Billing Solutions LLC
Margins are getting smaller and smaller. How about a solution to reduce revenue cycle management by up to 70% and at the same time increase your collection rate to 97%. We have this exact solution for you. 100% HIPAA compliant, certified ICD-10 Coders and a Very Strong infrastructure. Contact us today and see about a free 30 day trial offer. No risk and No hidden costs.
Qualitymedicalbillingsolutions.com

Chris Nevarez
Dental CE Venue Coordinator/Medical e-Claims for Dental Implants Trainer/Dental Industry Analyst and 3D Integrations/New Practice Build-Outs/Transitions/Patient Surveys and eMarketing
Medical billing and patient engagement are keys to acceptance-every person has an emotional threshold to act, implantation-companies have a vested interest in immediate revenue streams, ideal feedback and referrals-if you don’t take the realtime feedback and get it back to the front line cycle analytics and sellers for addressing unknown challenges.

Bill Stamm
Vice President at General Digital Software Services
Whether it’s a startup or an existing large manufacturer of medical devices. Sometimes coming to us to help with all or parts of the development makes sense. It can get a product to Market faster and for Less cost. Whatever works best for the individual circumstance is the model that should be followed.

Frank Lee
sales engineer | injection mold | die casting mold | CNC machining | prototyping
I agree with that. Not only the product development, but also the manufacturing process, such as prototyping, mold making, and even product production. Outsourcing professional company for particular work, you can cost less and get better result.