FARMINGDALE, NY (08-01-07): Glenn McCarty, CEO of EtQ, recently spoke at the Center for Business Intelligence (CBI) Medical Device Risk Management Summit, held at the Doubletree Hotel in Washington, D.C. on July 16-17.
The medical device & diagnostic industry uses several different models to assess risk. When assigning a risk index to a medical device, the first challenge is to decide the appropriate technique to use. A proper risk assessment is critical to providing the safest and highest quality products. Using the appropriate risk model for your device assists you in meeting your safety and quality goals. The CBI Medical Device Risk Management Summit was held to receive an in-depth analysis of three different models of risk assessment; the Failure Mode Effects Analysis, (FMEA, bottom up method), the Fault Tree Analysis (FTA, top down method) and Hazard Analysis of Critical Control Points (HACCP).
Glenn's presentation, "Techniques for applying Risk-based methods to streamline the CAPA process" provided insights into the growing need to incorporate risk methodologies in order to reduce the number of CAPAs within a system. The session focused on why CAPAs need risk assessment, how to apply risk, and real-world examples of how using this technique can benefit a quality system. "Using risk assessment, companies in all industries are able to filter out the critical events versus non-critical events and dedicate more energy and resources to the events that have the most impact on the business."
The conference was a huge success in identifying leading concepts in the medical device industry regarding risk assessment and risk management. EtQ continues to participate in these conferences and summits in an effort to help industry professionals seek new methods for automating and simplifying their quality and compliance processes.
EtQ is the leading Quality, EHS, Operational Risk and Compliance management software provider for identifying, mitigating and preventing high-risk events through integration, automation and collaboration. At the core of EtQ’s framework is a compliance management platform that enables organizations to implement best-in-class compliance processes configured to meet their existing processes, create new compliance processes and automate and control their compliance ecosystem. EtQ’s product lineup includes Reliance™ for enterprise organizations and Verse Solutions™ for mid-sized businesses. EtQ was founded in 1992 and has main offices located in the U.S. and Europe. To learn more about EtQ and its various product offerings, visit www.etq.com or blog.etq.com.
EtQ is a trademark of EtQ Management Consultants, Inc. All other product names and company names are trademarks or registered trademarks of their respective owners.