HIT Consultant January 14, 2025
Justin Kozak, Risk Management Expert and Biotech Industry Lead at Founder Shield

The health technology landscape is a rapidly evolving ecosystem where innovation and risk coexist. Developers and manufacturers must balance technological advancements with a rigorous approach to risk management. This entails navigating complex regulatory frameworks, ensuring supply chain security, and prioritizing cybersecurity. By adopting a holistic perspective and proactively mitigating potential risks, health technology companies can drive innovation while safeguarding patient safety and public trust.

Familiar Challenges Complicate Health Technologies

Bringing health technologies to the market is a complex endeavor with challenges beyond innovation. While these technologies promise to revolutionize healthcare, they also present significant risks that leaders must carefully manage.

Regulatory hurdles, particularly those imposed by stringent agencies like the FDA, can significantly delay product launches and increase costs. As...

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