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…

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:…

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…

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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