Efficient and effective engineering and new device development have always been central to the success of medical device companies. Under the traditional, Fee-For-Service reimbursement landscape, companies could identify costly or marginally effective procedures and develop products that improved patient outcomes while lowering the current cost of care. As medical device companies evolved, many developed a particular rhythm to the development and commercialization process. In the past, I’ve worked with device companies that actually held off […]
It’s perhaps the most commonly heard value proposition in the contract engineering market space…we’re faster than our competition. What isn’t necessarily offered up is faster at what? There’s a place for fast, but not at the expense of fastidiousness. Speed of engineering alone is not enough. The driving goal in today’s highly dynamic marketplace should be speed to cash flow, and that involves a lot more than just engineering. Time bites into medical device companies […]
Celebrating its 10 year anniversary, REV.1 Engineering announced today it is introducing Strategic Development and Innovation solutions for its customers operating in global medical device and life science markets.
When in-house machining is not an option, medical device engineers are forced to use outside companies for quotes and machining. Typical turnaround times can run from 2 to 6 weeks, depending on the complexity of the piece. And then what happens if the outside machining company gets it wrong – or if it turns out your specifications were not exactly right? Then you are waiting several more weeks to get a part you needed at […]