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DeviceTalks Podcast Network

Does Medtech Need a New Way? Hear from Imperative Care’s Fred Khosravi, McKinsey’s Delphine Zurkiya

Nov 17, 2023
Fred Khosravi, CEO of Imperative Care, discusses their approach to improving stroke care. Delphine Zurkiya from McKinsey explains how medical device companies can enhance efficiencies in R&D and customer outreach.
01:13:57

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Quick takeaways

  • Adopting effective portfolio management, developing power capabilities, and optimizing resource allocation can drive growth and productivity in the MedTech industry.
  • Healthcare providers are open to digital interactions, highlighting the need for MedTech companies to offer multiple channels of engagement while still recognizing the value of in-person interactions.

Deep dives

Improving R&D Productivity in MedTech

The MedTech industry is facing pressure to grow at sustainable margins, leading to a focus on improving the productivity of R&D. While R&D spending in the industry is high, there has been a slowdown in FDA device approvals. However, there are five key practices that companies can adopt to drive higher growth and productivity. These include effective portfolio management, developing power capabilities like design thinking and product management, adopting agile practices within the stage gate process, and optimizing resource allocation. Implementing these practices can lead to shorter time to market and increased productivity.

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