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Risk Management: Best Practices for Medical Device Profitability
Date:4/23/2008

FDAnews and Industry Directions Launch New Study

FALLS CHURCH, Va. and CUMMAQUID, Mass., April 23 /PRNewswire-USNewswire/ -- FDAnews and Industry Directions Inc., in close association with research analysis partner Cambashi Ltd, today invited medical device manufacturers to respond to a new survey on current industry challenges and practices. The survey asks about company objectives, business processes and practices, information systems and applications, and performance.

The research team is seeking responses from all companies in the medical device industry -- of all sizes, all classes of devices, and in every geographic region. The initial online survey is open for industry response from now until early May. All responses will be aggregated to formulate report findings. Individual responses will remain strictly confidential.

The results of this survey will be released at the Fifth Annual Medical Device Quality Congress June 25-27 in Cambridge, MA in a special session on the research, Risk Management: Best Practices for Medical Device Profitability. This research ties in closely with this year's conference theme, Leading the Way to Better Performance With Quality Systems Compliance.

The study findings will be used by medical device manufacturers and others serving the industry to improve their performance and reduce business risk. The study will assess and identify opportunities for streamlining practices so manufacturers can achieve quality and regulatory compliance while increasing profit and growth.

The online survey is available at: http://www.surveymethods.com/EndUser.aspx?F4D0BCA5F6BEA6A6 or through http://www.fdanews.com or http://www.industrydirections.com. The survey is open to medical device manufacturers of all sizes worldwide. All survey respondents will receive a copy of the public findings report when it is released.

The research has been sponsored by five co-sponsor companies -- all of whom are active in the Medical Device sector. The analysis will be completed by Cambashi Ltd. and the report will be prepared independently by Industry Directions, which retains full editorial control.

The five co-sponsor companies underwriting the effort provide deep and diverse expertise in medical devices practices and provide production, quality, compliance, document management, and enterprise software to the industry. These companies are working together to increase the medical device market's understanding of how to reduce risks and improve compliance and profitability. Research sponsors for the study are: Camstar Systems (http://www.camstar.com ), IBS America (http://www.ibs-us.com), IQMS (http://www.iqms.com), MasterControl (http://www.mastercontrol.com) and Pilgrim Software (http://www.pilgrimsoftware.com).


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