Medical Technology Corporation –MTC Assignment.pptx
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Jul 03, 2024
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About This Presentation
MTC, a medical device manufacturer, needs to reduce costs to offset a new 2.3% medical device tax. The document proposes several cost savings plans, including bringing sterilization in-house, limiting sales representatives, reducing inventory, and implementing new technologies. It analyzes the benef...
MTC, a medical device manufacturer, needs to reduce costs to offset a new 2.3% medical device tax. The document proposes several cost savings plans, including bringing sterilization in-house, limiting sales representatives, reducing inventory, and implementing new technologies. It analyzes the benefits of different forecasting methods and partnerships with hospitals. The plans would require initial investments in facilities, technology, and skilled labor. Risks and contingencies must also be considered to successfully implement the cost savings strategies.
Leading Medical Technologies Corporation Situated near Pennsylvania's Collegeville Collegeville has about eighty hospitals nearby. A producer and distributor of surgical devices The difficulty encountered: 2.3% of Revenue is the new medical device excise tax under the Affordable Care Act (ACA). Impact: Net profits decreased by 10% Objective: Determine cost-saving measures to counteract the 2.3% revenue-based ACA medical device tax.