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Medtronic Objectives

The Medtronic Mission | Medtronic Diabetes

The Medtronic Mission | Medtronic Diabetes

To learn more about Medtronic Diabetes group visit our About Us page. Every new employee worldwide receives a Medtronic Medallion from senior executives as a reminder of the honor and responsibility we have in fulfilling our Mission. To contribute to human welfare by application of biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore health, and extend life. To direct our growth in the areas of biomedical engineering where we display maximum strength and ability; to gather people and facilities that tend to augment these areas; to continuously build on these areas through education and knowledge assimilation; to avoid participation in areas where we cannot make unique and worthy contributions. To strive without reserve for the greatest possible reliability and quality in our products; to be the unsurpassed standard of comparison and to be recognized as a company of dedication, honesty, integrity, and service. To make a fair profit on current operations to meet our obligations, sustain our growth, and reach our goals. To recognize the personal worth of employees by providing an employment framework that allows personal satisfaction in work accomplished, security, advancement opportunity, and means to share in the company's success. To maintain good citizenship as a company. Continue reading >>

Medtronic Ceo Growth Will Be Driven By Innovation Globalization Value-based Care

Medtronic Ceo Growth Will Be Driven By Innovation Globalization Value-based Care

Medtronic CEO: Growth Will Be Driven By Innovation, Globalization, Value-Based Care Medtronic wants to generate $40 billion in free-cash-flow (FCF) by 2021, senior leadership said during a recent Investor Day event in New York City. The companys strategies for future growth include therapy innovation, globalization, and a leadership position in value-based healthcare. Recent developments at Medtronic such as its acquisition of Covidien and subsequent relocation to Ireland have put the company in a unique position to drive consistent revenue growth, chairman and CEO Omar Ishrak told investors , by allowing the company to capitalize on its robust innovation pipeline, geographic reach, and innovative new healthcare business models. Of the $40 billion Medtronic expects to generate over the next five years, $10 billion will be used for bolt-on M&A and debt reduction, $10 billion will be reserved for financial flexibility, and the remaining $20 billion or 50 percent of the FCF will be returned to shareholders, according to Seeking Alpha , which outlined the companys plans to achieve its long-term goals. One area targeted as a driver for significant growth is Medtronics heart and vascular business. Though the market itself is only expected to grow by 4 percent, Medtronic believes it can achieve 9 percent growth by focusing on sub-segments that are growing faster than the overall markets. This includes a greater emphasis on services such as diagnostics and care management. Medtronic recently announced the launch of Beacon , a care management service for high-risk heart failure patients, to be delivered through the companys newly created Medtronic Care Management Services (MCMS) business segment. A case study conducted with the technology demonstrated a 48 percent reduction in Continue reading >>

Mission Statement | Medtronic

Mission Statement | Medtronic

Written in 1960, our Mission dictates that our first and foremost priority is to contribute to human welfare. Over a half-century later, the Mission continues to serve as our ethical framework and inspirational goal for our employees around the world. It guides our day-to-day work and reminds us that our efforts are transforming the lives of millions of people each year. To contribute to human welfare by application of biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore health, and extend life. Todirect our growth in the areas of biomedical engineeringwhere we display maximum strength and ability; to gather people and facilities that tend to augment these areas; to continuously build on these areas through education and knowledge assimilation; to avoid participation in areas where we cannot make unique and worthy contributions. (See Patients for more about our therapies.) Tostrive without reserve for the greatest possible reliability and quality in our products; to be the unsurpassed standard of comparison and to be recognized as a company of dedication, honesty, integrity, and service. (See Quality to learn more about our industry leadership in this area.) Tomake a fair profiton current operations to meet our obligations, sustain our growth, and reach our goals. (See Investors to learn more.) Torecognize the personal worth of employeesby providing an employment framework that allows personal satisfaction in work accomplished, security, advancement opportunity, and means to share in the company's success. (See Careers to learn more.) Tomaintain good citizenshipas a company. (See Citizenship to learn more.) Continue reading >>

Contract Analyst Job

Contract Analyst Job

Bring your talents to an industry leader in medical technology and healthcare solutions - we're a market leader and growing every day. You can be proud to sell medical technologies that are rooted in our long history of mission-driven innovation. Our expanding portfolio delivers measurable clinical and economic value - and opens doors. You will be empowered to shape your own career. We support your growth with the training, mentorship, and guidance you need to own your future success. Together, we can transform healthcare. The RTG Sales Strategy and Operations group has a broad team dedicated to Pricing & Contracting within the Restorative Therapies Group. The Contract Analyst Administers, extends, terminates and negotiates standard and nonstandard contracts. Conducts proposal preparation, contract negotiation, contract administration, and customer contact activities to provide for proper contract acquisition and fulfillment in accordance with company policies, legal requirements, and customer specifications. Examines estimates of material, equipment services, production costs, performance requirements, and delivery schedules to ensure accuracy and completeness. Prepares bids; processes specifications, progress, and other reports; advises management of contractual rights and obligations; compiles and analyzes data; and maintains historical information. To provide analytic and operational support to the Field Sales Organization, Marketing Departments and Regional Contract Manager for custom and standard product quotes, individual customer and GPO/IDN contracts and pricing strategies. Conduct other financial analysis to support pricing strategies as needed. Contract administration for the region in collaboration with the Strategic Pricing, Regional Contract Manager, and Continue reading >>

Global Access Perspective | Medtronic

Global Access Perspective | Medtronic

EXPANDING GLOBAL ACCESS, NARROWING THE HEALTHCARE GAP At Medtronic, we believe the history of medicine has been and will be a continuous quest to ensure that people receive the life-saving or life-enhancing treatments they need to return to full life. We also recognize that access to quality healthcare is a fundamental right of all people around the world. At least 400 million people around the world still lack access to care.1 The quest for better healthcare stems from foundational or universal healthcare needs for any healthcare system. The goals of improving clinical outcomes, expanding access, and optimizing cost and efficiency are fundamental to all healthcare systems around the world. But, we also know that we participate in global healthcare systems that are under intense clinical and economic challenges and that, if not corrected, these issues can serve to undermine global growth and development and leave millions around the world untreated for even the simplest diseases. We believe that what got us to the current state of healthcare is not necessarily what will propel us forward. The future of healthcare requires new approaches and new forms of innovation. Even though we have accomplished a lot today more than 62 million people benefit from our technologies each year, equating to two people every second at least 400 million people around the world still lack access to care.1 Thats why weve empowered our more than 85,000 employees in more than 160 countries to work with health systems around the world, sharing technologies, services, resources, and expertise to help remove barriers to affordable treatment of chronic diseases. In developed markets, were working with governments and providers of care delivery and efficiency, while in emerging markets, were assist Continue reading >>

Building Partnerships For Healthy Communities: Medtronic And The Community Foundation For Ireland

Building Partnerships For Healthy Communities: Medtronic And The Community Foundation For Ireland

Building Partnerships for Healthy Communities: Medtronic and The Community Foundation for Ireland Building Partnerships for Healthy Communities: Medtronic and The Community Foundation for Ireland Submitted by NGOsource_Team on Wed, 2016-05-04 21:33 Medtronic, a global leader in medical technology, launched the Medtronic Healthy Communities Fund in Ireland in June 2015. The company, and the Medtronic Foundation, made a 1 million commitment over three years to fund health-focused charities in Irish communities, in partnership with The Community Foundation for Ireland and the Ireland Funds. In its first year of funding, The Medtronic Healthy Communities Fund sought innovative ideas and projects to improve health at a community level, especially for people who have been traditionally at risk for chronic diseases such as heart disease or diabetes, or are challenged in accessing existing healthcare services. A key focus in their first year is to support projects with a national reach that have the potential to be replicated in communities across the country. The Community Foundation for Ireland (CFI), an Ireland-based organization that NGOsource has certified as equivalent to a U.S. public charity, managed the grantmaking. From the establishment of the Fund in early April 2015 to awarding grants in November 2015, CFI was involved every step of the way. In November 2015, the first round of grants totalling 180,000 was disbursed to 6 Irish organizations. The 6 selected organizations submitted innovative projects that are strongly aligned with the Medtronic Healthy Community Funds objectives and the Healthy Ireland framework recently established by the national government. Two of those six projects include: Getting Ireland Growing, Grow It Yourself (GIY) Ireland GIY provides a Continue reading >>

Transforming Healthcare - Further, Together Position Paper

Transforming Healthcare - Further, Together Position Paper

Medtronic Position Paper TRANSFORMING HEALTHCARE Learn how Medtronic is taking healthcare Further, Together by applying our technologies, capabilities, and expertise to align value among stakeholders, and by forging partnerships with those committed to transforming and improving patient care. Using Technology to Integrate Care and Align Value Healthcare is facing immense challenges. From shifting payment models to problems of access, providers and payers are struggling to improve patient outcomes and lower overall costs. While there is no single solution, we recognize that those who deliver care are at the center of this transformationand that technology can help propel them forward. The power of technology not only helps align value for providers and stakeholders, it also drives innovation. Our Mission has remained the same for six decades: to alleviate pain, restore health, and extend life for people around the world. But todays healthcare problems require a new approach one we call Further, Together. Further, because we will continue to drive meaningful innovation at the therapy, procedural, and system levels, while devising powerful solutions with proven clinical and economic value. Together, because we will forge new, different, and stronger partnerships to help our customers achieve their goal of expanding global access and delivering more seamless, integrated care across the healthcare continuum. Were committed to putting the full power of our technologies, resources, and people to work with new partners, in new ways, to create a new era of healthcare. We invite you to share in the possibilities and help us take healthcare Further, Together. Continue reading >>

Ehs Policy

Ehs Policy

Medtronic Environmental Health and Safety Policy Consistent with Medtronics Mission, Code of Conduct and the Environmental, Health, Safety and Sustainability (EHS&S) Vision, Medtronic is committed to conducting business in a safe and environmentally sustainable manner that promotes the health of our employees, customers, community and the environment and that meets global Environmental, Health and Safety (EHS) requirements. The purpose of this policy is to implement the principles of the Environmental Health and Safety program. Corporate and regional standards exist to support these principles. Medtronic will comply with all applicable EHS laws, regulations, Medtronic EHS&S Standards and other requirements to which the organization subscribes related to identified EHS aspects/hazards. Medtronic will conduct audits and implement practices to ensure compliance with these requirements. Medtronic EHS&S will establish EHS goals, objectives and targets in conjunction with the Businesses and Regions in order to continually improve our performance, and will publicly report our progress. The Medtronic EHS&S Standards will establish controls and promote a culture that strive toward and sustain world class EHS performance. Medtronic will integrate EHS into business decisions to proactively ensure the health and safety of our employees and communities while also promoting environmentally sustainable practices. Specifically, Medtronic requires that an EHS evaluation be integrated into product design, manufacturing and distribution business processes and services that will reduce EHS risks, improve EHS performance of our operations, products and packaging across their lifecycle and promote pollution prevention. Medtronic will minimize waste and emissions, reuse and recycle materials Continue reading >>

Eliminating Performance Ratings: Learn How Medtronic Did It

Eliminating Performance Ratings: Learn How Medtronic Did It

The official 7Geese blog. Elevate performance across your organization. Eliminating Performance Ratings: Learn How Medtronic Did It October 7, 2013 - 5 minute read - Posted by Wendy Pat Fong Two years ago, Medtronic Inc , a Minneapolis-based developer and manufacturer of medical device technology and therapies, scrapped its performance management system. It eliminated the traditional rating-based performance management system. No more assigning a number between one and five to each employee. No more filling out stacks of paper work at the end of the year. Medtronic moved away from competitive assessment toward providing real-time performance feedback , coaching and development sessions for employees. Despite the initial concerns of eliminating the rating-based system, employee engagement surveys and focus groups have shown that the whole organization is more satisfied with the new process. Medtronic decided on the change due to the following concerns that many companies today are also facing: Employees spent a lot of time to make their self-appraisals stand out. When employees have only one opportunity to shine and demonstrate how you contributed to the company during the year, they will want to stand out. Maybe even exaggerate if your compensation system is linked to the outcome of the performance appraisals . As a manager, how do you ensure that your 20+ employees are fairly representing themselves? Should it be their responsibility to provide details of every achievement they have done? All teams are not created equal. By applying the same scale to rate employees across the organization is somewhat flawed and unequal. A high performer in a low-performing team may earn a 5 based on individual performance relative to their peers, while a worker in a higher performing Continue reading >>

Sr Contract Analyst Job In Parsippany, Nj At Medtronic

Sr Contract Analyst Job In Parsippany, Nj At Medtronic

Provide financial and business support to the Cardio Vascular Group (CVG) related to Pricing and Contracting activities. CVG is comprised of the Cardiac Rhythm Heart Failure, Structural Heart, Perfusion, Endovascular Innovations, Peripheral and Coronary businesses. To provide analytic and operational support to the Field Sales Organization and Area Contract Manager for custom and standard product quotes, individual customer and GPO/IDN contracts and pricing strategies. Conduct other financial analysis to support pricing strategies as needed. + Contract administration for the region in collaboration with the RFL, Area Contract Manager, and the Pricing Strategy Team. This includes executing on pricing strategies and analytics, strategy development in response to customer pricing requests and ensuring the pricing governance model is followed. + Support RFL and DSS in negotiating pricing under parameters as set forth by management in conjunction with sales, legal and marketing for standard and custom products. Support pricing systems for disposable products and capital equipment. + Process customer quotation and bid requests in a timely manner in accordance with Medtronic pricing objectives, terms, and conditions. + Support RFL and DSS in negotiating pricing and contracts through sales force to meet Medtronic objectives. Support sales force with pricing strategy and rational behind corporate position to help facilitate positive outcomes in pricing discussions. + Execute and monitor negotiated contracts from implementation and to expiration to ensure that appropriate pricing is applied to sales orders. + Influence decisions made across CVG Departments and may represent pricing management at cross-functional meetings. + Track performance on rebate/compliance contracts. Analy Continue reading >>

Medtronic Job - 25513524 | Careerarc

Medtronic Job - 25513524 | Careerarc

Responsible for the development and implementation of activities in production area(s) to meet production goals, quality, and cost objectives. Prioritizes production schedules based on product introduction, equipment efficiency, and materials supply. Plans and administers procedures and budgets. Makes budgetary recommendations on capital expenditures and direct/indirect labor. Selects and develops personnel to ensure the efficient operation of the production function. Develops schedules and manpower requirements for assigned areas. Responsible for strategic (manager level and above) and tactical manufacturing activities (supervisor level). Ensures proactive engagement and representation of Manufacturing within Development Teams to ensure future products meet the operational efficiency goals. Work in close collaboration and partner with RD, IT, Quality, HR, and Finance organizations to optimize overall operational efficiency and effectiveness. Delivers process and manufacturing excellence. Encourages process and design innovation, supply chain leverage, cost effectiveness and process robustness during development and manufacturing. Interfaces with internal business partners to understand their needs related to technology, product reviews, performance objectives, device features/functions, cost, delivery schedules and quantities. Establishes and maintains accountability for all business team performance metrics, in support of the Annual Operating Plan and Quality objectives. Responsible for setting employee objectives linked to the Annual Operating Plan, Quality initiatives and other key operational metrics. Responsible for on-time performance feedback to all employees tied to previously established objectives. Pursues organizational development strategies for enhanced g Continue reading >>

Medtronic Case Study On Lean Six Sigma Processes - Performance Consultants

Medtronic Case Study On Lean Six Sigma Processes - Performance Consultants

Integrating Coaching with Lean Six Sigma Processes at Medtronic The Client: Medtronic, Inc. is the worlds premier medical technologies, services and solutions company. Medtronic employs approximately 84,000 people globally and has an annual turnover of approximately USD 28 billion. The Goal: To assist in the implementation of Lean Six Sigma in Medtronics manufacturing plants. The Challenge: To do more with less and put empathy, heart and purpose right at the centre of Lean. By applying both Lean and Six Sigma methodologies to a process, Medtronic knows it is running the most optimized and efficient process possible. In 2012, Medtronic asked Performance Consultants to create a programme that would integrate a coaching approach with Lean Six Sigma processes. Medtronic implements Lean Six Sigma in its global medical devices manufacturing plants and core financial processes. Medtronic wanted to bring together the principles of coaching and integrate them with Lean Six Sigma. The objective was to create an environment where innovation, ownership and learning thrived in Lean Six Sigma implementation. Six Sigma is a set of techniques and tools for process improvement. It improves the quality output of process by identifying and removing the causes of defects (errors) and minimizing variability in manufacturing and business processes. Medtronic has successfully deployed its own unique blend of Lean and Six Sigma, initially to manufacturing and production-line challenges, and then across the board. Adopting the mantra a process is a process is a process, they understood that any process, including business transactions, can be broken into steps and optimized. Six Sigma makes a science out of process while Lean makes a science of process flow. Medtronics Lean Six Sigma combines Continue reading >>

Medtronic Avila Interbody Fusion Device Launched In Europe

Medtronic Avila Interbody Fusion Device Launched In Europe

Medtronic Avila Interbody Fusion Device Launched in Europe - TOLOCHENAZ, Switzerland, March 7, 2016 /PRNewswire/ -- European innovation delivers titanium family of cages to support twin surgical objectives of bone fusion and sagittal realignment for improved patients outcomes. Medtronic PLC (NYSE: MDT), the global leader in medical technology, today announced the launch of AVILA, its new family of interbody fusion devices for L2-S1 levels in open and minimally invasive ALIF and OLIF procedures. (Logo: ) AVILA addresses the multiple needs of interbody fusion procedures with its smart cage design. A wide range of lordotic options up to 24 and an anatomical shape provide the support to realign the spine. Titanium alloy properties are combined with large inner and lateral windows for bone grafting and post-operative fusion assessment. Dr. Frank Hassel, orthopaedic surgeon at Loretto-Krankenhaus Hospital in Freiburg, Germany, commented after his first surgery with AVILA: "AVILA is straightforward to use, which eases even complex surgeries. I like the strong connection between cage and inserter during the impaction. I was able to adequately correct the lordosis and place a large amount of bone graft. These are necessary aspects to improve fusion and stability outcomes." AVILA is provided in a compact kit with a unique dismountable inserter, allowing for easier sterilisation, making operating room management faster and reducing the time and cost of surgery. Sharrolyn Transfeldt Josse, Medtronic Vice-President Spine & Pain Europe, remarked: "AVILA exists as a result of our collaboration with surgeons, for whom the goals of spinal surgery are increasingly two-fold; achieve fusion and restore sagittal alignment. AVILA addresses those objectives, and we are proud this product was Continue reading >>

Medtronic Global Innovation Fellows - Pyxera Global

Medtronic Global Innovation Fellows - Pyxera Global

Medtronic Global Innovation Fellows partners top talent with non- governmental organizations (NGOs) and social enterprises to address healthcare for the worlds most underserved populations. Through immersive, experiential learning and skilled service, Medtronic Global Innovation Fellows advances understanding of underserved populations and concepts of frugal innovation and design thinking, while providing employees with a unique opportunity to impact global health. Medtronic Global Innovation Fellows consists of short and long term program tracks. The short-term program track consists of small teams representing multiple disciplines, geographies, and skill sets across Medtronic. The teams work together virtually for a number of weeks, culminating in a three-week immersion in a challenging setting, working in partnership with an NGO or social enterprise at the country-level. In addition to the ability to impact global health for the worlds most underserved, projects yield information that supports Medtronics broader objectives to foster innovation and entrench corporate social responsibility in business. The long-term program track places individuals with innovative partner organizations internationally, including NGOs and social enterprises, to work alongside the partner organizations team for 3-6 months.To find out more information about Medtronics GIF program, please see the programs website here . Interested in staying up-to-date with PYXERA Global? Join our network for updates on impact stories, events, opportunities, and all purposeful global engagement related happenings. Continue reading >>

Pulse:perspective Philippe Gretz, Medtronic

Pulse:perspective Philippe Gretz, Medtronic

Medtronic plc ( www.medtronic.com ), headquartered in Dublin, Ireland, is a global leader in medical technology, services and solutions alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 85,000 people worldwide, serving physicians, hospitals and patients in approximately 160 countries. This month Coulter:Pulse interviewed Philippe Gretz, Senior Director Strategy and Business Development to explore his perspectives on the Medical Technology sector: Coulter: Pulse Please can you give us some insights into the main challenges and opportunities that Medtronic currently faces in the Med Tech arena? Philippe A critical factor for Medical Technology companies and for Life Sciences worldwide at this time is the acceleration of the ageing population. The huge growth in the over 65s bracket has had significant implications in terms of more people to treat and new treatments for new diseases. Add to this the question: who is going to pay for this treatment? Many economies are ill-equipped to deal with this challenge. They simply cannot afford to cover these costs. Health insurance providers want to see convincing clinical data in order to make decisions on which are going to be the most cost effective solutions. The health economy is therefore an important driving force for Med Tech and we are well-positioned at Medtronic to provide the sort of evidence and clinical data that many smaller companies just dont have the scale to deliver. Innovation is also critical and we are investing in ever more cost efficient solutions, quicker processes and procedures in order to make an impact. Some of our breakthrough innovations include, for example, the worlds smallest pacemaker (Micra transcatheter pacing system). The Continue reading >>

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