Promising to reduce costs, Biomet, Inc. released the ePAK single-use delivery system for internal fracture fixation on July 9, 2013.
“We are excited to be the first orthopedic company to release a device in this category that addresses the needs of the orthopedic surgeon, patient, and the hospital system, ” said Wil Boren, president of Biomet Sports Medicine, Extremities and Trauma (SET).
A company statement said the system is a pre-sterilized, single-use procedure pack designed to add value by addressing the productivity needs of the operating room in one complete package that is designed to help save time, reduce cost, improve efficiency, and ultimately increase productivity.
The system addresses distal radius fractures and features Biomet’s DVR Crosslock implant and instrumentation. “With over 10 years of clinical heritage in treating distal radius fractures using the volar approach, the DVR plate and instrumentation continue to refine fracture fixation, ” said the statement.
Excluding the DePuy Trauma acquisition last year, Biomet’s SET division increased quarterly sales by 8% to $161.4 million for the latest quarter reported by the company. The increase was driven by significant Extremities growth of 22% globally and 29% in the U.S. on a constant currency basis.
Are you kidding? What happens if you drop a screw in the OR? You reach for back stock? You open another package? What about all the waste? Man up and lose your reps – that’s how you bring costs down. Stop paying doctors “consulting fees”.
George obviously doesnt understand the business of medicine.
consulting fees are necessary for progress.sales reps are technical advisors that truly help the doctors and staff.
Look at a eob from a patients surgery and then lets see where the money goes..I certainly don’t see hodpitals closing there doors anytime soon..
George, why do you ask so many questions and add insult before the reply? This is an innovative new way to market. When hospitals in my neck of the woods take 5hours or more to wash, reprocess and sterilize trays, not to mention having available restock, Why not be the innovative company? Kudos to this new approach. I hope it is a sign of things to come for the industry. As I understand it, there is the option to have individually packaged backup implants. So get with it George. In our age of Obamacare EVERYONE needs to decifer the impending healthcare reforms. Companies need to protect their bottom line. And I promise you this, all of the companies in this and other industries will follow suit.
Agreed! Well said Bryan!