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The desire to avoid debilitating disease and achieve longer life is driving innovation in

the medical device arena. New technologies and procedures promise to reduce the need

for invasive surgery and the long period of recovery time that it often involves. Though

companies continue to innovate, in the near term, closer scrutiny of hospital budgets and

patient reimbursement plans will require medical device companies to validate their

discoveries and patient results from new devices.

 

The need to eliminate error-prone paper-based methods for tracking drug discoveries and

procedures, combined with the desire to automate patient record keeping creates a

number of opportunities in the healthcare IT sector. The ability to provide cost effective

solutions utilizing contemporary computer and software architectures will be key factors

for success in this evolving field.

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