Posts in category: BUSINESS

The Future of Healthcare innovations involve personalization to improve the patient experience.

The Life Sciences industry is facing transformational changes. 

The convergence of technology, digitalization, additive manufacturing, machine learning, and 3D modeling is upon us. These changes will have a huge impact on the patient experience. The Life Science industry is poised to deliver breakthrough innovations at a rate, and cost, never thought possible.

Patient Care
Healthcare innovations to medical devices and manufacturing will enable devices to be more modular and more adaptable while also improving the patient experience. 3D printing and virtual simulations are creating new opportunities to improve the personalization, quality and safety of treatment and the optimization of the patient experience. 3D printing can also offer faster prototypes and the creation of personalized prosthetics.

Virtual Healthcare
Virtual healthcare technology also known as telehealth or telemedicine, allows patients and doctors to touch base remotely through the use of video conferencing or mobile apps, without requiring a physical place such as a doctor’s office or a hospital. This new patient experience and personalization will enable devices to be modular and more adaptable.

Pharmaceuticals and Nanomedicine
There is a growing need for a more innovative and economical means of production. Healthcare is switching to more preventive medicine and an outcome-based economic model. Discover how Nanomedicine, which is the medical application of nanotechnology, is being used to effectively diagnose, treat, and prevent various diseases. Compared to conventional medicine, it is much better at precise targeting and delivery systems, but also a huge opportunity for diagnostic devices and sensors, paving the way towards combating complex conditions.

Business-to-government, also known as business-to-administration, refers to trade between the business sector as a supplier and a government body as a customer.

B2G, which stands for business-to-government, refers to the business relationship a company can have with a government institution. It commonly refers to the offering of products, services, or information online. However, we use the term for traditional business procedures too.

We also call this way of doing business B2A, which stands for business-to-administration. The term refers to a company doing business either with the government or the public sector.

“Business-to-government (B2G) is a business model that refers to businesses selling products, services or information to governments or government agencies.”

B2G – bids and tenders

In many cases, government agencies work with pre-negotiated contracts. The government puts out tenders which companies bid for.

To put out a tender means to ask companies to say formally how much they would charge for a project.

We call each formal submission a ‘bid.’ The government selects one of the bidders, and that company gets the B2G contract.

These contracts exist at national, state, or local level.

The state government is our biggest client.