Over the last few years, wearable technology has progressed quite rapidly. Today, consumers have access to wearable devices of all sizes, shapes and styles ranging from ID bracelets and Holter monitors to heart rate monitors and calorie counters. There is no doubt that microdigital electronic technology…

Blockchain technology allows the distribution of digital information without allowing it to be copied or misused in any other way. The technology was originally designed for Bitcoin, the first digital currency but now its use is spreading into other industries as well. Blockchain has now entered the healthcare arena and it comes with a great…

The boom in technology and mobile devices has led to an explosion of medical apps. Today there are hundreds of health-related apps available for download on androids, iphones, and other digital devices. Some apps strictly offer medical information but others offer consumers tips on diet, nutrition, best exercises for weight loss, healthy eating, the nearest…

                President elect Donald Trump is not even in the white house yet but as a result of his win, stock prices for pharmaceutical and biotech companies increased but hospital and health insurers have seen their stock prices go down.  The healthcare industry showed one of the biggest…

  Recently, the US senate has unanimously passed a bill (97-0) that many proponents agree may significantly improve the delivery of healthcare to people who live in rural America. The Expanding Capacity for Health Outcomes (ECHO) Act was initially developed and introduced by Senators Orin Hatch (R-Utah) and Brian Schatz (D-Hawaii). The bill has garnered…

The ECRI Institute released the list of top 10 health technology hazards for 2017.The goal of identifying these hazards is to provide healthcare facilities the necessary information so that they can implement adequate security and safety measures to deal with these expected threats. As per the list, the top ten technology hazards include: Infusion Errors:…

Despite efforts to ensure gender equality in the workplace, women continue to earn less than men and have fewer opportunities to advance their careers as compared to their male counterparts. According to CNN Money, only 14.2 percent of the top five leadership positions in companies in the S&P 500 are held by women. Out of…

With the rapid advancement in communications technology, all major industries have changed the way they market their products and services to consumers. The pharmaceutical industry is no different as mobile devices make it easy for patients and physicians to access and consume detailed information about drugs, diseases and medical devices. The digital side of healthcare…

When a company invests in research and development (R&D) and introduces a breakthrough drug into the market, it has the right to use a pricing strategy that provides them some return for their investment. However, the drug should also have the features and benefits to command such a price and even then, there is a…

2016 has been another year of cyberattacks and ransomware for the healthcare industry. In March, MedStar Health in Columbia, Maryland reported that a malware infection had caused the entire system to shut down. The virus in question prevented users from logging into the system. While the hospital’s IT team acted immediately and took down all…

While it is too early to predict the long term effects of Brexit, it is safe to say the impact will be significant for both Britain and the European Union. Investments in the UK have declined and companies are holding off on capital spending. According to Funding Circle, the volume of lending was approximately 10%…

Modern day healthcare is characterized by a very strong element of continuous change all while conducting business in a highly regulated environment. Pharmaceutical companies face many operational challenges such as rise in production costs, pricing pressures, the expiration of blockbuster patents, growth of generic drugs and the slowing down of new drug development. In order…

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