The backdrop of health care reform along with the conversional medical device tax have failed to prevent the ongoing developments in medical technology by numerous companies which are focused on healthcare products that are not only cheaper, but also provide proficient patient care. According to the latest healthcare technology news, the medical technology industry was burdened by the pointlessly complex approval process for new medical devices.However, the FDA announced a new Medical Device Innovation Consortium (MDIC), which was responsible for simplifying the whole process of design and testing of new technologies.We bring to you the top 5 medical technology innovations that will advance the medical sciences significantly:1. MelaFind Optical ScannerMelanoma is the most deadly type of skin cancer. Previously, it was impossible to differentiate between moles that were harmful from the ones that weren’t, without an invasive surgical biopsy.Thanks to the MelaFind Optical Scanner, dermatologists have now at their disposal a handheld tool that can carry out a multispectral analysis of tissue morphology. The ultimate goal of the device is to reduce the number of patients that are left with needless scars as a result of the biopsy.2. ATI NeurostimulatorThe ‘take two aspirins’ method has never worked for migraine and cluster headaches. For long, physicians have associated the chronic forms of headaches with a facial nerve bundle called the sphenopalatine ganglion (SPG). The ATI Neurostimulator is currently under investigation and is a powered tool designed to block SPG signals as soon as a headache is detected.A permanent implant in the upper gum on the side of the head where the headache usually occurs is used to block pain causing neurotransmitters.3. Transdermal BiosensorA transdermal biosensor is currently under production at Echo Therapeutics with the aim of providing a needle-free solution for diabetic patients. The sensor will be able to read blood analytes through the skin without the need of drawing any blood at all. A small handheld electric toothbrush-like device functions by removing some of the top-layer skin to bring the blood chemistry within the range of the sensor.The sensor is capable of collecting a reading every minute and can send the data to a remote monitor. It can also trigger alarms whenever glucose levels are exceeded beyond optimal range.4. RP-VITA Remote Presence RobotThe latest healthcare technology news constantly keeps us apprised on the latest developments in the healthcare sector. More and more sophisticated technology is being implemented to provide a cost-effective means of patient care.Medical robots are the next step forward. The RP-VITA Remote Presence Robot is produced by InTouch Health and iRobot Corp. The robot is equipped with a two-way video screen and medical monitoring equipment that is programmed to maneuver itself across the busy hallways of a hospital.5. Sapien Transcatheter Aortic ValveThe Sapien transcatheter aortic valve is an alternate to an open-heart surgery designed for people who need a replacement valve, but cannot endure the severity of the open-heart surgery procedure.The valve is already available in Europe, and is slowly making its way into the United States. Such an efficient procedure is bound to reduce the health care costs incurred as a result of prolonged hospitalization.
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Your Stay at Home Mom’s Business Education
In order to succeed and earn money with your stay at home mom’s business you must avail yourself of all the business education you can get. The reason for this is that the home based business niche is very competitive today. There are literally hundreds of thousands of Internet entrepreneurs trying to earn money at home today. As the global economy worsens steadily day by day there will be more and more competition in this field.Home based Internet business owners are discovering more and more techniques each and every day to promote their stay at home mom’s businesses. This means that you must constantly learn new techniques on an ongoing basis. Now, you could just try to compete with all these people through trial and error but you will spend many hours working yourself deeper and deeper into a hole. You could also lose more money than you could ever imagine by working in the dark this way. Remember the reason that you’re doing this is to earn money rather than lose it.An example is pay per click advertising which is a very popular way to promote an Internet business but if you’ve not learned the correct way to do it by getting the much needed online business education, instead of making money you could lose more than you could ever imagine. It can be very complicated setting up a pay per click campaign properly so that it makes a profit for you if you haven’t educated yourself.Article marketing is another very popular method used to promote a stay at home mom’s business. This is article writing and targeting keyword phrases that are related to your blog or website or whatever it is you’re trying to earn money at home with. You have to be careful though that your article writing doesn’t appear to be simply self promotional. Many of the most important and major article directories and publishers won’t accept and publish your articles if they appear to be blatant advertising for yourself. If your articles are to be an effective form of promotion you must also know how and where to distribute them effectively. This is just one of many reasons that you should spend a lot of time learning to earn by getting your online business education.In summary if you don’t take the time and put forth the effort to take advantage of the resources available to teach you how to run your home based business you won’t be very successful online.
Financing Your Small Business
If there were only two reasons for a business to fail they would be poor financing and poor management or planning. You can’t over-emphasize the importance of financing your business. Financing the business is not a one time activity as some might think. It is necessary whenever the need arises such as when expanding, modernizing etc. At this stage you need to understand the importance of exercising extreme caution and plan the utilization of capital. A wrong decision here can haunt your for the life of your business.Are You Sure You Want To Raise External Funds?For start-ups, it’s understandable that you need to raise capital through loans. But what about expansions and upgrades? Make sure that external financing is an absolute must before you apply. It is critical that you organize your finances at transitional stages but only after you make sure that you can’t do it yourself, either permanently or for some time. Equally important are the criteria of risk, the cost of not financing and how well it contributes to specific and overall goals of the company.FINANCING TYPESEquity Financing: Equity financing involves selling off of your shares (mostly partially) in return for cash and giving away that portion of ownership and rights to profits. Equity financing can be sought from private investors or venture capitalists. This brings about proper capitalization opening access to debt financing. Equity finance doesn’t need to be returned like loans unless your partner wants to withdraw.Debt Financing: Debt financing is loan financing against some kind of guarantee of repayment. The guarantee can be collateral, a personal guarantee or a promise. Lenders restrict the use of debt finance to inventory, equipment or real estate. You need to properly structure the debt and the rule of thumb for doing so is giving long term debt for fixed asset loans and short term for working capital. The reason is that fixed assets generate cash flow over their lifetimes and have the benefit of lower interest rates as opposed to working capital loans.Sources of Finance:You can choose finance sources depending on your circumstances and the amount required.1. Family and Friends: Small and short-term working capital requirements can be financed quickly through your own resources or through family and friends. The benefit here is the absence of the interest component (mostly.) This method of raising finances is handy even in early stages of business. You should be mindful, though, that disputes over money are the main reason that close relationships turn sour.2. US Small Business Administration: This is the most prominent source for debt financing. The SBA doesn’t lend money directly but organizes and guarantees loans through various lenders and sources under its umbrella. Local governments, banks, private lenders, etc. disburse loans immediately to businesses approved by the SBA. SBA loans are available for various business purposes and at the lowest interest rates available.3. Venture capital: Raising venture capital is organizing financing through selling shares whose value equals the finance you require. Essentially this means selling a portion of the ownership and control rights. It is essential that a proper valuation of your business’s worth is made before the deal is done.Financing a business shouldn’t be hard provided you have established your credentials as a good manager, have collateral/assets, a convincing cash flow statement, genuine need, a proven track record, good credit history and a robust plan. This should not just save your business from collapsing but also allows it to grow and succeed.