Brady Hatcher

🚀 Accelerate your commercial launch with Design for Manufacturing (DFM) Design Inputs! Want to take your design inputs to the next level? In the video clip below, I share how incorporating Design for Manufacturing (DFM) requirements can accelerate product development and maximize commercial success. Here’s a quick rundown: Why DFM Matters: Not a regulatory must, but crucial for creating economical and efficient products. Key Points: 1️⃣ Critical Features: Ensure your design can be easily manufactured using existing equipment. 2️⃣ Tolerances: If needed, set precise component tolerances to reduce production errors. 3️⃣ Poka Yoke: Design for mistake-proof assembly with features that ensure correct orientation and alignment. 4️⃣ Consideration: I like to primarily limit these to design constraints related to scales of economy and current manufacturing processes. In general, you want to limit specifying design solutions within design inputs. Watch the clip below to gain insights into the creation of DFM related design inputs! How do you like to integrate design for manufacturing (DFM) into the product development process? Please share your thoughts in the comments below!

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❌ FTC Bans Non-Compete Agreements! ❌ In a move that could open the floodgates for the job market, I see this as a major win for the US and expect the global markets to follow suit. What could this mean for surgical robotics? Non-compete agreements have been a sticking point for those based outside of California, and more recently Minnesota, Oklahoma, and North Dakota, for a long time now. Certain companies have been militant in pursuing ex-employees when they really should be looking to fix their own internal problems first. 👀 What does this mean for employees? Better wages, better options in job search, no fear of litigation from moving to a competitor. What could this mean for you as a hirer? Positively, this means you could access a greater pool of profiles with direct experience in your space without the fear of litigation and lengthy legal battles. Unfortunately, this could also mean things get more expensive, especially for hiring super niche roles. As movement between competitors becomes more fluid for talent, competition will become more fierce, meaning companies will have to compete more on packages and offerings. "What about retaining our talent?" Well, if the only reason you are managing to hold onto talent is because of a legally binding agreement, then it's probably not a business protection problem; it's a culture problem. Work on your retention first, and you'll find your reliance on NCP will go down. I expect that with this change, companies will be tightening their belts on NDAs and protection of IP. Companies cannot let their secrets simply get up and walk into their biggest competitors front doors. In the immediate term, however, for those earning over $151k per annum who already have a non-compete in place, things won't change for now. But an interesting shift here. What do you think about the move? #surgicalrobotics #medtech #noncompete

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Being #successful is more important than being fast. And being nimble and agile throughout the process is critical to success. If you're bringing a product to market, don't just prototype products you know are already possible to make and simple to execute; work on the complex details that make your product special. By leveraging advanced prototyping methods, focusing on complex development aspects, and proactively collaborating with your customers, you too can overcome the challenges of a fast-paced global economy. For MedTech leaders, it could mean the difference between failure and gaining a competitive edge. #medtech #innovation #medicaldevices #entrepreneurship #startups

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Tune in to the most recent episode of Funding Medtech Podcast to listen to Ryan Kole at VCapital Management and Rich Mazzola at Project Medtech discuss the details (the angel network makeup, investment thesis, check size, etc.) of VCapital. Links to the podcast, monthly newsletter, and website are in the comments below! Follow Project Medtech on LinkedIn for more great content or visit our website. #medicaldevices #startup #medtech #projectmedtech #innovation #medicaldevice #podcast #strategy

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Bill Hunter from Canary Medical Inc. penned an interesting article last week. https://lnkd.in/evQr3BuH It is difficult to ignore billion-dollar markets. Even if it is a commodity driven market as is the case with a large number of implants in the market today. In med device especially, due to regulatory pathways and market penetration, the commoditization of implants provides an opportunity in the those markets to leverage the low cost and introduce a technology differentiation that impacts outcomes and break the value – cost trade off. The definition of the commodity problem is where the massive opportunity exists. As Bill Hunter shares in his post “The technology required to identify broken hardware, determine if a fracture is healed, detect leaks, confirm fusion, and measure vascular narrowing exists. We just don’t use it.’ Companies are playing the zero sum game of the see-saw battle for the crumbs of percentage points of a market in spine hardware, stents, and mesh. Introduce the rapidly evolving world of sensor technology and data in medtech. If we take the world of implant commodities where the “mastery” has been driven to low cost and decent product and we create a merger between sensor technology and provide tremendous insights to the performance of the implant and it’s intention, one adds tremendous current and future value to a commodity. Meet the coming market.

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Do you sometimes feel like you are trying to get through a maze with out a map, while blindfolded? Sometimes trying to get past #medtech testing can be a huge hurdle, especially when you expect a promising project to be cost-effective and straightforward. Ah those technical errors! And crappy malfunctioning devices. Those two alone contribute to difficulties in diagnosing underlying issues and creating stability in a device. We've been there, but you don't have to stay stuck for long. Read on. #startups #medicalequipment #medtechman #innovation #medicaldevices

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When it comes to the use of medical devices, RFID technology offers a multitude of benefits, from tracking critical assets to improving patient safety. 👨‍⚕️ By utilizing this technology from the very beginning of the medical device manufacturing process, OEMs can create the products that meet and exceed the expectations of healthcare organizations, while staying ahead of industry trends. Learn more in this blog post. 👉 https://hid.link/Jxd

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Join us this Thursday for an exclusive discussion with Rook Quality Systems President, Kyle Rose, and Medical Device Guru, Etienne Nichols, on Mastering the Design Transfer Process! Don't miss out as these MedTech experts share invaluable insights and best practices to ensure your design transfer process is successful and properly documented. Register here: https://lnkd.in/enjD4ded #medtech #designtransfer #expertinsights

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Did you catch the Design For Manufacturability (DFM) Q&A between MRPC and Medical Product Outsourcing? If not, give it a read. Jeff Randall, PE, MRPC's Vice President and Sean Fenske, Editor-in-Chief at MPO discuss when DFM should take place in the medical device manufacturing process, "tools" involved, and how to properly leverage external resources to properly implement DFM. https://lnkd.in/gTdtxZs7 #medicaldevices #medicaldevicemanufacturing #medicalmanufacturing #designformanufacturability #medicalcomponents #medicalinnovation

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Dropping a podcast around a medtech market that is currently valued at $1.85 billion and projected to grow over the next 8 years to $7 billion. A CAGR of 16% should get your attention. A medtech fragmented market that has nearly zero clinical and regulatory risk, sets up for an industry leader to step in, hello private equity, and corner a rapidly growing market. In 2022, North America held the largest revenue share of 46.90%. The market growth can be attributed to various factors such as the presence of key players in the region and high investments in the technology of imaging, robotics, navigation. The 2019 IOM report claims that within the last 30 years, simulation has been transformative. The Institute of Medicine (IOM) report states that simulation has led to a reduction in medical errors. According to this report, 60%–90% of preventable deaths from medical errors were avoided due to the use of simulation-based programs. The conversation started right here. :) Elliot Street from Inovus Medical Federico Nicolosi, MD from UpSurgeOn Dr Vijay Paul from Vantari VR

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👏Canary Medical Inc. received breakthrough device designation from the FDA for its smart spine device, Canturio Lumbar Cartridge, designed for lumbar spinal fusion. 🏆 Founding member and CEO Bill Hunter said: “The approval of canturio lc is the fourth time in a row that a Canary Medical product has received breakthrough device designation from the FDA, an unparalleled accomplishment in our industry." 🔗Learn more: https://lnkd.in/dUQUrFTB 📰 Follow Guided Solutions to receive the latest #MedTech news daily and subscribe to our weekly newsletter: https://lnkd.in/dwYDkvXQ #MedicalDevices #MedicalDevice #MedicalEquipment #Medicine #HealthTech #Surgeons #GuidedSolutions

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James Sease and Russell Haley share how integrating the generation and analysis of SBOMs into an automated software build system can improve the quality of your software. #software #softwarebillofmaterials #medtech #medicaldevices

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Kablooe open house tidbits: I recently chatted with Nikita Gaurav at Necessary Ventures. She told me the top 3 things she looks for when choosing to invest angel money in a medtech startup. I'll share those tidbits at the Kablooe open house this Friday, May 10th. You are invited! https://lnkd.in/e5cqKTCh PLUS: One of 3 of Kablooe's clients who recently raised 20M shared with me what it took to get the early money to start the ball rolling. We'll also hear his wisdom via video. Make plans to attend Friday, May 10th, from 3 -7pm. Food, drinks, and Design/Development networking! (Plus impromptu music breakouts when the courage is up and volunteers are plentious) #devicetalks #medicaldevices #medicalalley #medicaldesign #medicaldevice #productdesign #productdevelopment #humanfactors #humancentereddesign #industrialdesign #innovation #mechanicalengineering #twincities #prototyping #medtech #healthtech #mnmedtech #usability #usabilityengineering #qms #prototyping #additivemanufacturing #3dprinting #startupworld #healthcaremn

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Quick Founder Story: Earl Bakken, engineer, consummate tinkerer, starts fixing medical devices for local hospitals. Business picks up. So Earl and his co-founder, and brother-in-law, Palmer Hermundslie, start a local repair shop for hospitals called Medtronic. His startup capital? $0. Palmer begs and borrows, and comes up with startup money. Revenue during one of their earlier months, $8 dollars. Fast forward many years, a medical milestone is reached: The first successful implant, in a human body, of a self-made pacemaker, with its own power supply. That could keep babies with irregular heartbeats alive. Annual 2023 revenue for Medtronic, $31.2B. Great drive, ambition, persistence, and pivoting story here.

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WearLinq Acquires AMI Cardiac Monitoring, Raises $6.7M for FDA 510(k) Cleared 6-Lead ECG Device - HIT Consultant #WearLinq Acquisition of AMI Cardiac Monitoring WearLinq, a healthcare technology company, has recently acquired AMI Cardiac Monitoring and has successfully raised $6.7 million for their FDA 510(k) cleared 6-Lead ECG device. This acquisition marks a significant milestone for WearLinq in expanding their cardiac monitoring capabilities. #Benefits of WearLinq's 6-Lead ECG Device The 6-Lead ECG device developed by WearLinq offers several benefits, including improved accuracy and reliability in cardiac monitoring. With this device, healthcare providers can obtain more comprehensive data for better patient care and diagnosis. #Expansion of WearLinq's Product Portfolio The acquisition of AMI Cardiac Monitoring ai.mediformatica.com #monitoring #cardiac #cardiacmonitoring #acquisition #afib #health #heart #ambulatory #diagnostic #acce #atrialfibrillation #funding #digitalhealth #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/3wV0n8t)

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MICRO is running in the #ContractManufacturing category of this year's MDO Leadership in MedTech. You can vote for Micro, HERE: https://lnkd.in/eT4BmtBJ #DesignEngineering #Engineering #ProgramManagement #SupplyChain #LeadershipInMedtech

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MedTech offers a unique set of opportunities, but it brings challenges with it, as well. Innovators often develop ground-breaking technologies, but to bring them to market, they have to overcome plenty of risk and fear. Fortunately, they don't have to do it alone, and the power of team could make all the difference. #medtech #innovation #technology

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Supplier Directory Spotlight: In this article, Global Interconnect, Inc. discusses how medical device manufacturers are benefiting greatly from their single-use connector design considerations! These design features recently aided a top sports medicine manufacturer in saving $7 million, streamlining their supply chain, and improving production efficiency for just one of their devices. If your medical device uses a Lemo, ODU, or Fischer connector and you produce over 100,000 units annually, let them demonstrate how you can achieve similar results without any changes to your generator. Read article here: https://ow.ly/Zjnb50RG6wQ

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