Global Medical Device Podcast powered by Greenlight Guru

Why Storytelling Matters for Medical Device Companies


Listen Later

Medical device companies need to tell slightly different versions of their stories depending on the intended audience—investors, suppliers, regulators, clinicians, and patients—and each version must be strategically crafted and told in order to convey the right message.

In this episode of the Global Medical Device Podcast Jon Speer talks to Brad Perriello, who previously cofounded MassDevice and now current founder and principal at Circle Hill Life Science Communications, about his unique line of work helping medical device companies learn how to effectively tell their story.

Listen to this episode now to learn what your company can and can't say to different target audiences and how to effectively communicate your company’s core message and story so it positively resonates with the listener.

Some of the highlights of this episode include:
  • Brad Perriello, alongside fellow journalist Brian Johnson, founded the online medical device business journal MassDevice based on his belief that small businesses and startups drive everything that lead to the biggest outcomes.
  • Although medical device companies know their story best, they do not always effectively tell people their story, what they do, and why they do what they do.
  • Startups telling their story is applicable and important to raise funds, but engineers are not strong narrative writers or speakers. They tend to focus too much on details, which can derail the intended message.
  • A medical device company’s core message and story is the same, but is communicated differently. For instance, investors want to know the ROI, patients want to know if it’s safe and effective, physicians want to know about safety, efficacy, and cost.
  • When hiring outside help with communications, they should be familiar with the medical device industry because the regulatory environment is strictly unique.
  • Be aware of quality systems, design controls, and reimbursement issues.
  • Some things change over time, and some things never change. Find an unmet need and help patients and others by figuring out what they need to hear. Be able to effectively communicate with all audiences.
  • Social media evolves quickly and provides powerful communications tools with massive reach. Companies succeed by having a dedicated team member who knows how to leverage each platform based on the audience.

Memorable quotes from Brad Perriello:

“These folks know their stories really, really well...but they don’t know how to tell them all the time.”

“Through no fault of their own, they’re not really effectively telling people, this is our story, this is what we’re about, and this is why.”

“The old adage is that engineers can’t write.”

Links:

Brad Perriello on LinkedIn

MassDevice

Brian Johnson of MassMEDIC on LinkedIn

Medtronic

FDA - The Pre-submission

FDA - 510(k) Premarket Notification

Greenlight Guru Academy

The Greenlight Guru True Quality Virtual Summit

MedTech True Quality Stories Podcast

Greenlight Guru YouTube Channel

Greenlight Guru

...more
View all episodesView all episodes
Download on the App Store

Global Medical Device Podcast powered by Greenlight GuruBy Greenlight Guru + Medical Device Entrepreneurs

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

92 ratings


More shows like Global Medical Device Podcast powered by Greenlight Guru

View all
Nature Podcast by Springer Nature Limited

Nature Podcast

760 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

1,865 Listeners

Marketplace by Marketplace

Marketplace

8,634 Listeners

Planet Money by NPR

Planet Money

30,652 Listeners

NEJM This Week by NEJM Group

NEJM This Week

315 Listeners

Bloomberg Businessweek by Bloomberg

Bloomberg Businessweek

436 Listeners

Coaching for Leaders by Dave Stachowiak

Coaching for Leaders

1,466 Listeners

Hidden Brain by Hidden Brain, Shankar Vedantam

Hidden Brain

43,444 Listeners

Bold Names by The Wall Street Journal

Bold Names

1,448 Listeners

The Readout Loud by STAT

The Readout Loud

316 Listeners

BioCentury This Week by BioCentury

BioCentury This Week

30 Listeners

MIT Technology Review Narrated by MIT Technology Review

MIT Technology Review Narrated

256 Listeners

The Rest Is History by Goalhanger

The Rest Is History

13,187 Listeners

Zero: The Climate Race by Bloomberg

Zero: The Climate Race

196 Listeners

NEJM AI Grand Rounds by NEJM Group

NEJM AI Grand Rounds

53 Listeners