An article by Shawn M. Schmitt at Medtech Insight goes into great detail about the MedAccred accreditation program and the expectations of some of the largest OEMs in the medical device space.
Major OEMs in the Medical Device and the Medical Instrument segments are involved in the industry managed program MedAccred and are looking at their supply base for manufacturers that hold MedAccred accreditation when evaluating to whom to award new business.
Scott Goolsbey, manager of supplier controls for the device giant's endoscopy division, told Medtech Insight that Stryker will eventually grant business based on whether suppliers are certified to MedAccred. "Eventually, the direction is to be making business decisions based on MedAccred. Awarding business based on accreditation [to MedAccred] is the end goal."MedAccred will improve "consistency in the overall quality with regards to being able to meet our specifications", "and ultimately, that reduces risk, and that improves the product’s performance in the hands of our customers."
MedAccred will improve "consistency in the overall quality with regards to being able to meet our specifications", "and ultimately, that reduces risk, and that improves the product’s performance in the hands of our customers", Goolsbey said.
Schmidt wrote: "Stryker's plan to keep MedAccred in mind when awarding new business gives a huge push to the burgeoning program, given that the firm ranked No. 10 in the 2016 edition of the MTI 100 – Medtech Insight's rollcall of the top 100 companies ranked according to sales.
Further, heavy-hitters Medtronic PLC, Johnson & Johnson, GE Healthcare, Philips Healthcare and Becton Dickinson & Co.– Nos. 1, 2, 3, 6 and 9, respectively, on the MTI 100 chart – are also strong supporters and users of MedAccred, giving the program even more industry street cred.
And, given that those companies ring up billions of dollars in combined device sales each year, even the most uncooperative of suppliers might be eventually persuaded to become accredited to MedAccred to make sure they keep a seat at the table."
As potential suppliers span the globe and MedAccred is an international program, U.S. suppliers had better grab a chair before they are all taken.
Read the full article here