DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
SEARCH
Current Location:
>
> This Story


Log in or Register to rate this News Story
Forward Printable StoryPrint Comment
advertisement

 

advertisement

 

Business Affairs Homepage

MDW aims to combat radiologist shortage with blockchain Connecting radiologists seeking volume to the facilities that need reading support

United Imaging Healthcare makes US debut at RSNA Bringing MR, CT, X-ray and PET/CT manufacturing to Houston

Dr. Hermann Requardt United Imaging Healthcare appoints senior scientific advisor

Dr. Jaewon Ryu Geisinger appoints interim president and CEO

Dr. Kent Thielen Mayo Clinic appoints CEO of its Florida operations; board of trustees names two new members

Medical charities do measurable good in the world A look at some organizations bringing goods and services where they are needed most

Mike Lobinsky EOS Imaging appoints new President North America

Merit Medical Systems closes acquisition of Cianna Medical Deal worth $135 million with possible additional incentivized payments

Clinical wearables – remaining competitive in an evolving market Insights from Ravi Kuppuraj, Business Leader of Connected Sensing Venture for Philips

Driving premium platform valuations for future growth The radiology M&A market is red hot, help investors see the value in your business

Study finds managerial discretion drives voluntary medical device recalls

by John W. Mitchell , Senior Correspondent
In a complicated behavioral dance of costs, physician feedback and managerial self-reflection, a recently published study found that voluntary medical device recall parameters appear to be driven mostly by individual judgment.

The authors linked these findings to the observation that the FDA does not explicitly specify how medical device companies should sort out such decisions. Also, the study found that physician action figures prominently into the medical device recall process.

Story Continues Below Advertisement

THE (LEADER) IN MEDICAL IMAGING TECHNOLOGY SINCE 1982. SALES-SERVICE-REPAIR

Special-Pricing Available on Medical Displays, Patient Monitors, Recorders, Printers, Media, Ultrasound Machines, and Cameras.This includes Top Brands such as SONY, BARCO, NDS, NEC, LG, EDAN, EIZO, ELO, FSN, PANASONIC, MITSUBISHI, OLYMPUS, & WIDE.



“Medical device industry managers are less likely to recall a defective device when the defect is detectable to physician customers before product use," said George Ball, Ph.D., assistant professor, Operations and Decision Technologies Department, Kelley School of Business, Indiana University (IU) told HCB News. “In other words, managers appear to trust the physician to screen out defective products, and not use them on patients, instead of the firm choosing to recall the products.”

Ball's interest is in the human behavior aspects of business, primarily related to his areas of expertise in product recall, lean manufacturing, and quality management. He said that because the issue of behavioral factors related to voluntary product recalls is "under-studied," the medical device sector was attractive for study. Medical device recalls can have a significant impact on a company’s finances, as well a manager’s career.

The study found that medical device managers who were “more reflective” and wanted to understand the root cause of factors suggesting a recall, tended to issue fewer recalls.

“We attribute this to the fact that highly reflective individuals tend to seek out more information before making decisions,” said Ball. “This tendency to seek out more information before recalling translates into a lower overall likelihood to recall.”

He added that it is important for managers in any industry to be cognizant of potential biases or factors that influence a product recall decision. But Ball stressed that perceived recall costs, perceived customer harm, and individual cognitive dispositions are factors that affect such decisions. According to a statement from IU, the FDA has expressed interest in applying the study findings to how the agency oversees medical device recalls.

“The more a firm can be made aware of these relationships, the better recall decisions they will hopefully make,” said Ball.

The study utilized interviews with 167 managers from a Fortune 500 medical device firm and a replication study with Amazon Mechanical Turk, an internet outsourcing market platform. The study was conducted in conjunctions with researchers at the University of Minnesota’s Carlson School of Management, and published in the recent issue of the Journal of Operations Management.

Back to HCB News
  Pages: 1

Business Affairs Homepage


You Must Be Logged In To Post A Comment

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Quotes
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2018 DOTmed.com, Inc.
ALL RIGHTS RESERVED