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Summary of the Patient Protection
and Affordable Care Act
Published by ORTHOWORLD May 2010
Expand Coverage/Improve Access
• Mandate that employers with more than 200 employees automatically enroll employees in health insurance plans offered by the employer (employees may opt out). (2014) Companies with 50 or fewer employees are exempt from fees.
• Those with fewer than 200 employees do not have to offer coverage; however, those with more than 50 employees must pay a fee...
Read on...
ORTHOWORLD
Position Paper on
Healthcare Reform
Published August 5, 2009
• Download
• Press Release
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07/29/2010 8:45 a.m. Greatbatch Medical reported 2Q10 orthopaedic revenue of US $30.5MM, -3% from 2Q09. (Source: Greatbatch, Inc.)
8:00 a.m. CONMED posted 2Q10 orthopaedic product sales
of US $110.6MM, +16.2% from 2Q09.
(Arthroscopy $74.9MM, +18.8%; Powered
Instruments $35.7MM, +4.2%) (Source: CONMED Corp.) (Growth reflects constant currency.)
Integra LifeSciences reported 2Q10 orthopaedic revenue of US $72.8MM, +11.7% from 2Q09. (Source: Integra LifeSciences Holdings Corp.)
Synthes posted 2Q10 consolidated sales of US
$892.2MM, +6.9% from 2Q09. (North America $531.4MM,
+3.6%; Europe $195.3MM, +8.2%; Asia Pacific
$101.6MM, +13.3%; Rest of World $63.9MM,
+27.2%) Growth reflects constant currency. (Source: Synthes, Inc.)
Ortho Kinematics commenced a multi-site clinical study of the KineGraph VMA™ and enrolled an initial 23
patients. The study will investigate which patient types are best evaluated with KineGraph VMA testing that is designed to provide functional diagnostic information to use alongside MRI and plain X-rays. (Source: Ortho Kinematics)
07/28/2010 4:30 p.m. Orthofix reported 2Q10 total orthopaedic sales of
US $138.4MM, +8% from 2Q09. (Spine $78.7MM,
+11%: spinal stim $44.9MM, +12%, implants/biologics
$33.8MM, +10%; Orthopaedics $36.6MM, +11%; Sports Medicine $23.1MM, -6%) (Overall growth is an ORTHOWORLD Inc. estimate.)
(Source: Orthofix International N.V.)
3:15 p.m. The Centers for Medicare and Medicaid Services will meet on 9/22/10 to consider current evidence regarding the clinical benefits and
harms of on- and off-label use of bone morphogenetic proteins. (Source: CMS.gov)
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Thank you for making OMTEC 2010 a record-breaking event!
Click here for meeting highlights.
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Frank C. Smith MB, ChB, FRCSC
in ORTHOPRENEUR®
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A Canadian Orthopaedic Surgeon's View of the New American Health Reform Bill
The recent signing of the New Health Care Reform Bill by President Obama has dramatically altered the Canadian perspective of the manner in which America provides for the sick. We can now look on the system as approximating universal coverage in due course, the true impact of which will only become evident with the passage of time. It has always been a source of bewilderment that...
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Victor L. Moldovan
in ORTHOPRENEUR®
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Healthcare Reform and Physician Owned Hospitals
In my last article, I discussed the possible passage of The Patient Protection and Affordable Care Act (otherwise known as the "Healthcare Reform Bill" in some circles and or the "Bill from @#%!" in other circles). Senator Scott Brown was just elected and nobody was sure what would happen next. Well, now we know. The Bill passed and was modified by a reconciliation bill. So I will now call it the "Act." The exact method of passage of the Act and... |
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Randall Huebner, Executive Vice President, Acumed LLC
in ORTHOKNOW®
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The orthopaedic industry is enriched by selfless people who truly love their calling. Periodically, we seek to bring you closer to some of the orthopaedic power players, to learn what has helped them be better at what they do.
Randall Huebner worked throughout college in various machine shops. In 1981, he graduated from Fairleigh Dickinson University with a B.S. in Mechanical Engineering Technology. Following that,...
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Supplier and Service Provider News |
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7/26 - Mark Wellman has stepped down from his duties as Vice
President of Orchid MACDEE, Orchid Bio-Coat, Orchid Bio-Vac and Orchid Stealth
Coating. Matt Burba has since
stepped in to assume responsibilities at Orchid’s coating companies as well as his Vice President role at Orchid Stealth, while Mark Burba,
Vice President of Orchid Unique and Orchid Design, is now also responsible for
Orchid’s plastics division, Orchid MACDEE. (Source: Orchid Orthopedic Solutions)
Solstice Medical was recognized by the Indiana Economic Development Corporation, its Small Business Development Center network, Purdue University and the Edward Lowe Foundation as an Indiana “Company to Watch” for 2010. (Source: Solstice Medical, Inc.)
7/22 - Richards Micro-Tool completed several key business developments, including release of its proprietary MediDrill™ and MediMill™ product lines; expansion of medical and dental capabilities via purchase of production
equipment from Surgical Reconstruction, Inc. and obtainment of ISO 13485 medical certification. (Source: TriMas Corporation)
7/21 - Deloro Stellite Group is
deploying its services and logistical means to support North American
orthopaedic customers. New services include rapid prototyping facility in
Canada, dedicated sales reps and
a local hub. The group is also implementing these services in Asia based on existing sites in China and India. (Source: Stellite)
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