Every medical device manufacturer holds a mountain of data when introducing a product to the market. However, manual operation makes it difficult for companies to create summary reports outside of MIRs. These reports are instrumental in post-market surveillance, serving as the eyes and ears that assess device performance, identify potential safety issues, and connect the dots towards actionable insights. However, for medical device companies, especially those operating in a global market, the process of creating and submitting these reports can be a significant hurdle without a unified system with no automation.
Companies are required to submit periodic safety update reports by combining data such as adverse events, sales, cases, install base, CAPAs, recalls and other information as required by the regulatory agencies. Streamlining the creation, submission and final review of these reports is crucial as the current system is unstructured and fragmented.
Demystifying the Regulatory Report Journey: The process of creating a Regulatory Report typically involves several key steps:
- Data Collection: Gather relevant data from various sources, including adverse event reports, customer complaints, and device performance metrics.
- Data Analysis: Analyze the collected data to identify trends, patterns, and potential safety concerns.
- Report Generation: Compile the analyzed data into a report format that complies with the specific requirements of the regulatory body.
- Submission and Review: Submit the completed report to the relevant health authority for review and potential follow-up actions.
While seemingly straightforward, each step can be time-consuming and prone to errors. Data collection, in particular, presents a significant challenge for large medical device companies with a global footprint.
The Data Aggregation Dilemma: A Global Challenge A recent survey by IndustryWeek found that over 75% of large medical device companies struggle with aggregating data from disparate sources for regulatory reports. Factors contributing to this challenge include:
- Geographic Dispersion: Companies operating in multiple countries need to collect data from various healthcare systems and regulations.
- Data Format Inconsistency: Data may be received in different formats (electronic, paper), requiring manual conversion and increasing the risk of errors.
- Internal Silos: Data may be stored in different internal systems across departments, hindering efficient access and consolidation.
Smarteeva: Automating the Path to Regulatory Compliance
Smarteeva offers a revolutionary solution to address the challenges of data aggregation and report generation for medical device companies. Our automated platform streamlines the entire process, empowering you to:
- Centralize Data Collection: Integrate with various data sources, including internal systems, external databases, and adverse event reporting portals.
- Standardize Data Format: Automatically convert data into a unified format, ensuring consistency and reducing the risk of errors.
- Automate Report Generation: Generate comprehensive reports that comply with specific regulatory requirements for each market.
- Streamline Review and Approval Workflow: Facilitate efficient internal review and approval processes for regulatory reports before submission.
By automating these tedious tasks like manually writing every piece of information, Smarteeva allows medical device companies to:
- Reduce Time and Resources: Free up valuable resources for core activities like product development and innovation.
- Enhance Data Accuracy: Ensure data integrity and minimize the risk of errors in regulatory reports.
- Improve Compliance Efficiency: Meet regulatory deadlines consistently and avoid potential delays or penalties.
- Gain Real-Time Insights: Leverage data analytics tools to gain valuable insights from regulatory reports for proactive risk management.
In a global environment with ever-evolving regulations, Smarteeva empowers medical device companies to navigate the complexities of regulatory reporting with Automation. Our automated solutions ensure timely, accurate, and efficient submission of reports, turning regulatory vision into reality. Thereby allowing you direct visibility and clarity throughout the product life cycle.
About Smarteeva
Based out of Santa Barbara, CA. Smarteeva Software provides cutting-edge and innovative Post Market Surveillance applications for the Medical Device industry. Smarteeva’s Complaint Handling, Adverse Event Reporting, Risk Management and Recall Management solutions prioritize compliance, organizational efficiencies and user-friendliness. Built on the Salesforce.com Platform utilizing the latest AI innovations and Machine Learning, Smarteeva Software provides a true partner to its business users.
For more information:
Reach us on : [email protected], (805) 751-8767
