Lifesavers and Lifechangers: Minnesota’s Health Technology Companies

Posted August 27, 2014 | By csponline

Medical technology is one of Minnesota’s biggest industries. In fact, the state ranks first in the nation when it comes to the number of jobs per capita related to medical technology. Within medical technology, the world of health IT is becoming increasingly important. With such a booming industry, it’s no surprise that more and more Minnesota students are choosing to pursue careers in information technology, especially as it relates to medical technology. Concordia University, St. Paul’s online IT program is a great way for you to get on the inside track to a career related to health technology. And since our state is such a hub for med-tech, you’ll be getting an education that will pay off in the job market. We’ve put together this guide to Minnesota’s medical technology industry to help you decide if a career in information technology is right for you.

Minnesota e-Health

The Minnesota Department of Health (MDH) sponsors a variety of e-health initiatives. E-health is the adoption and effective use of Electronic Health Record (EHR) systems and other forms of health information technology (HIT) in order to improve health care quality, increase patient safety, reduce health care costs and enable individuals and communities to make the best possible health care decisions. Health care systems throughout the U.S. use e-health as a strategy to improve the health of communities. Minnesota’s e-health initiative aims to:

Mayo Clinic Logo

  • Empower consumers by supporting the development and adoption of personal health records.
  • Inform and connect health care providers by promoting the adoption and use of electronic health information exchange.
  • Protect communities and improve public health by advancing efforts to use information technology to improve the ability to rapidly detect threats to a community’s health.
  • Modernize Minnesota’s infrastructure by adopting universal standards for health information exchange, revising state statues and organizational policies to ensure strong privacy and security protection of health information.
  • Ensure adequate private and public funding and monitor progress.

Minnesota’s Office of Health Information Technology is part of MDH and is responsible for the following:

  • Implementing the e-health responsibilities assigned to the MDH.
  • Planning and implementing Minnesota e-Health Connect, which develops and implements Minnesota’s strategic and operational plans for a health information exchange to expand the secure, electronic movement of health information.
  • Collaborating with health care providers and other stakeholders to ensure Minnesota’s health care community can take full advantage of federal funding and incentive programs.
  • Collaborating with other federally funded programs that promote the adoption and use of electronic health records.
  • Provide leadership, consultation, knowledge and advice on health informatics and health policy related to adoption, effective use and exchange of health information technology across the continuum of health.

 

The Mayo Clinic

Minnesota is also home to the Mayo Clinic, a world-famous institution for medical care, research and education. The Mayo Clinic provides an important environment for sharing information around the emerging field of health IT. The clinic enables med-tech professionals to share best practices, collaborate, adopt and advance new technology. Because the Mayo Clinic has ample resources to invest, it makes Minnesota a leading area for a community-driven approach to improve care through health IT. The clinic employs around 53,600 administrative and allied health staff, including health IT professionals. It has been one of the top hospitals in the country for more than 20 years and has been listed in Fortune magazine’s “100 Best Companies to Work For” 11 years in a row. Clearly, the Mayo Clinic is a great source of employment and innovation for Minnesota IT professionals.

Top Med-Tech Companies in the State

Competition is steep for med-tech companies in Minnesota, which is a good thing for IT students like you. Because there are so many medical technology companies to choose from, you have a variety of high-quality employment opportunities. The following are some of the top companies in the Minnesota med-tech industry:

This company manufactures implantable cardioverters, defibrillators, pacemakers, neurostimulators, coronary and peripheral stents, navigation equipment and spinal fusion devices used to treat chronic conditions. Medtronic is the world’s largest medical technology company. In 2013, its revenue was more than $16.5 billion. It is based in Minneapolis.

Boston Scientific is a leading innovator of medical solutions. They develop and manufacture coronary stents, cardiac rhythm management devices, carotid stents and other peripheral devices. Its revenue is around $7 billion. It is located in Maple Grove.

3M is a global innovation company. They manufacture medical and surgical supplies, skin health and infection-prevention products, drug delivery systems, dental and orthodontic products as well as food safety products. They are based in Maplewood, and their global sales in 2013 amounted to around $30 billion.

Smiths Medical is a leading global provider of medical devices for hospitals, home and specialist environments. They concentrate on medication delivery, vital care and safety products, Level 1 temperature management systems  and Portex airway products. Smiths Medical is based in Arden Hills and employs around 7,500 people.

This company specializes in hearing aid products and is a world leader in hearing innovation. Starkey is the one of the world’s largest makers of hearing aids. It is based in Eden Prairie and has an annual revenue of around $800 million.

If your career goal is to work for companies like these, a bachelor’s degree in IT is a great way to start. To find out how you can be a part of Minnesota’s thriving health technology industry, visit our information technology program page. You can also check out our online health care administration degree.