MedTech 101

Send us a Message Medical devices are really expensive! With some MRI scans costing over 1 Million US Dollars. 67% of bankruptcies in the USA are caused by medical bills. In today’s episode, Rodney talks about what affects the price of these medical devices, which also impacts overall healthcare costs. Timestamps (03:03) Introduction(03:10) Regulations(05:14) Research & Development (07:38) Medical device classification (08:47) Marketing and Distribution (10:55) Entry to the Chinese Market (11:22) Factors affecting drug performance (12:22) Medical device distribution in USA (14:46) Manufacturing and Maintenance of medical devices (16:58) Conclusion (18:00) Episode Summary Interesting points to Read:Cost of MRI machines (https://www.mripetctsource.com/mri-machine-cost-guide/?amp)Medical Bill bankruptcy in USA (https://www.retireguide.com/retirement-planning/risks/medical-bankruptcy-statistics/)Ethnic Pharmacokinetics Entry to Chinese market (https://www.emergobyul.com/services/china-medical-device-registration-and-approval)Cutting the middlemen (https://www.4sighthealth.com/why-cutting-out-the-middleman-can-reduce-healthcare-spending/)Support the showFollow or Connect with Rodney Moses:Instagram | LinkedIn | YouTube | Donations Patreon | PayPal

Send us a Message Sustainable business practice has become a key point of discussion across all industries. MedTech seems to get a lot of slack for being slow to respond to it. In today's episode, Rodney talks about the challenges the MedTech Industry is facing towards being more sustainable. Timestamp:(02:43)  Intro (03:38) What is Sustainability (04:40) Medical Grade Materials (06:26) Maintaining Sterility (12:01) Incentives(14:34) Possible Solutions(16:51) Summary(18:20) Vote of ThanksInteresting Points to READ:Environmental impact of Medical Devices (https://www.mdpi.com/2673-1592/3/4/33)Milton Friedman on the Pencil (https://www.youtube.com/watch?v=67tHtpac5ws)Support the showFollow or Connect with Rodney Moses:Instagram | LinkedIn | YouTube | Donations Patreon | PayPal

Send us a Message AI is taking over everywhere in the world, but for MedTech, what does it mean?! Can we replace medical doctors or make their workload lighter? In today's episode, Rodney talks about AI fundamentals, how AI could be used in MedTech, and the current limitations.Timestamps:(02:45) Intro(03:41) Definitions of AI, ML and DL(05:16) What is a Neural Network(06:13) Deep Learning (08:38) Machine Learning (09:54) Artificial Intelligence(11:50) New Possibilities from AI for MedTech(13:33) Needs for AI to Pass for MedTech Use(16:15) Limitations that are facing AI (20:18) Possible Best solutions(21:52) Episode Summary Interesting points to READ:7 MIL people on the waiting list for NHS (https://www.dailymail.co.uk/health/article-11982645/Who-hit-hardest-NHS-waiting-list-SEVEN-MILLION-people.html)GPT-4 System Card (https://cdn.openai.com/papers/gpt-4-system-card.pdf)AI vs ML vs DL (https://www.ibm.com/cloud/blog/ai-vs-machine-learning-vs-deep-learning-vs-neural-networks)Difficulties understanding the Human Brain (https://alleninstitute.org/news/why-is-the-human-brain-so-difficult-to-understand-we-asked-4-neuroscientists/)Support the showFollow or Connect with Rodney Moses:Instagram | LinkedIn | YouTube | Donations Patreon | PayPal

Send us a Message An exciting look at why MedTech seems to be the slowest type of Tech. Medical devices take a very long time to get market approval (3-12 YEARS!). In today's episode, Rodney covers 3 REASONS that have an impact on MedTech advancement. Discussed in a simple way for all to understand.Timestamps:(01:58) Intro(02:58) 3 Factors List(03:24) Point 1: The Impact of M&A’s on Research and Development(03:54) Perato Effect (05:15) M&A is a popular way of growing in the MedTech Industry (08:07) Potential impact on smaller companies (12:21) Point 2: Regulatory Affairs(15:48) Aerospace Speed(16:33) Point 3: Human Aspect(19:38) Medical Ethics Post WW2Interesting Points to Read on:Perato Principle or Mathew Effect Impact of Brexit on the UK MedTech IndustryCost of Taking a MedTech Device to MarketDr Henry Cotton + Unit 731Nuremberg Code, Declaration of Helsinki and Oviedo Convention Support the showFollow or Connect with Rodney Moses:Instagram | LinkedIn | YouTube | Donations Patreon | PayPal

Send us a Message A concise discussion on the 5 fundamental steps in the development of medical devices. In today's episode, Rodney covers what it takes to get any medical device onto the market in a very simplified way, bypassing all the industry complexities and jargon.Timestamps:(01:30) Introduction(03:09) Step #1: The Lab(03:57) Step #2: Safety (05:02) Step #3: Effectiveness Testing (06:07) Step #4: The Gold Standard (08:06) Step #5: Long-term Analysis (09:09) Medical Device Classification Support the showFollow or Connect with Rodney Moses:Instagram | LinkedIn | YouTube | Donations Patreon | PayPal