Industry News

Latest orthopaedic industry news on orthopaedic companies, devices, implants & technology trends.

CHARLOTTESVILLE, Va. (NEWSPLEX) -- A national list says part of the University of Virginia Medical Center is one of the best in the country. UVA Orthopedics was listed as one of the Becker's Hospital Review's 100 Hospitals with Great Orthopedic Programs 2016. "I'm thrilled to see our team at UVA receive this national honor for our work to provide excellent, comprehensive care to patients throughout the region," said Bobby Chhabra, MD, chair of the UVA Department of Orthopedic Surgery. Becker's says the hospitals included on its list have been recognized for excellence from various other publications and industry organizations, including U.S.

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VANCOUVER, BC--(Marketwired - November 10, 2016) -According to a new series of reports on the U.S. market for anesthesia, respiratory and sleep management (ARS) devices by iData Research (www.idataresearch.com), the market is largely influenced by insurance policies, especially when it comes to durable devices governed under the durable manufacturer equipment (DME) realm. Beginning in January of 2016, the U.S. Congress dramatically cut reimbursement for home oxygen services by applying competitive rates in geographic areas that were previously excluded from competitive bidding. Some providers of home oxygen therapy have already started planning in order to stay operational in the face of such drastic shortfalls, which could result in the elimination of many of the critical services upon which patients have come to depend.

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VANCOUVER, BC--(Marketwired - November 10, 2016) - According to a new series of reports on the U.S. market for anesthesia, respiratory and sleep management (ARS) devices by iData Research (www.idataresearch.com), the market is largely influenced by insurance policies, especially when it comes to durable devices governed under the durable manufacturer equipment (DME) realm. Beginning in January of 2016, the U.S. Congress dramatically cut reimbursement for home oxygen services by applying competitive rates in geographic areas that were previously excluded from competitive bidding. Some providers of home oxygen therapy have already started planning in order to stay operational in the face of such drastic shortfalls, which could result in the elimination of many of the critical services upon which patients have come to depend.

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Here's what you need to know. 1. HHS Inspector General Daniel R. Levinson told Senator Charles Grassley (R-Iowa) of the findings Oct. 8, 2016. Mylan agreed to a $465 million settlement with CMS last month. 2. The disclosure from HHR raise questions on why Mylan took so long to correct the error, what steps CMS took to inform Mylan of the error and why Mylan didn't disclose the information with its investors. 3. U.S. Securities regulators issued a subpoena for Mylan's communications with CMS.

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Here are five report highlights: 1. Globus saw $0.29 earnings per share in Q3, surpassing Thomson Reuters' consensus estimate of $0.28. 2. The company saw revenue of $135.7 million in Q3 2016, under analyst estimates of $139.25 million. 3. Q3 revenue decreased 1 percent compared to the same period in 2015. 4. Globus reported a net margin of 21.19 percent as well as a return on equity of 15.43 percent. 5. The company updated its fiscal year 2016 guidance to $1.20 EPS.

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Here are five highlights: 1. A 732-bed hospital, UI Hospitals and Clinics reported more than 57,000 emergency room visits in fiscal year 2015. 2. Patrick Hitchon, MD, a professor in the neurosurgery and biomedical engineering departments, will serve as the principal investigator at the study site. 3. Saul Wilson, MD, and Chandan Reddy, MD, will serve as co-investigators for the trial. 4. With the addition of this site, the INSPIRE study includes 27 clinical sites. 5.

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PASADENA, CA [November 07, 2016] - Huntington Medical Research Institutes (HMRI), an independent, leading biomedical research institute based in Pasadena, California, has announced the appointment of Allyson Simpson as Vice President of Philanthropy and  Susie Silk Berry as Director of Philanthropy. 

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Here are five thoughts: 1. The tax is expected to generate $29 billion over the next decade. The tax is comprised of a 2.3 percent levy on taxable medical devices' sales price. 2. While the manufacturer pays the tax, the manufacturer will likely place the additional expenses onto purchasers, namely physicians and hospitals. 3. Nearly 166 Democrats voted alongside Republicans to approve the two-year delay. Ninety-five Republicans voted against the delay. 4. A large portion of senators who hailed from states with a high concentration of device manufacturers voted in favor of the delay.

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Here are five highlights: 1. The company's $0.19 earnings per share for the third quarter beat the Thomson Reuters' consensus estimate by $0.11. 2. In the same time period in 2015, the company had a $0.25 earnings per share. 3. During Q3 2016, K2M earned $59.30 million, over the consensus estimate of $58.21 million. 4. K2M saw a negative net margin of 16.45 percent and a negative return on equity of 12.97 percent in Q3 2016.

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Here are six takeaways: 1. The DenerveX System is used in minimally invasive posterior capsulectomy procedures. 2. The company's medical advisory board members Martin Deeg, MD, from Stuttgart, Germany; Vik Kapoor, MD, from Manchester, England; and Gabriel Davila, MD, from Colombia, Latin America, led the cadaver lab. 3. Thirty spines surgeon from Europe and Latin American attended the cadaver lab. 4. The DenerveX System includes the DenerveX device, a single use medical device, as well as the DenerveX Pro-40 Power Generator.

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