Quality, Surgeon-friendly System Offers Hospitals and Surgery Centers Significant Cost Savings on Spinal Procedures
RENO, Nev.–(BUSINESS WIRE)
The Orthopaedic Implant Company (OIC) has announced the launch of its Pedicle Screw System. The new product line is used for stabilization and fixation during posterior spinal fusion procedures.
“Our pedicle screw product line represents a simple, intuitive system that can save hospitals and surgery centers up to $3,000 per fusion level,” said OIC’s VP of Business Development Mark Medina. “This is another demonstration of how we deliver high quality implants at cost-effective levels while strengthening our position in the marketplace.”
The new system provides surgeons with a full range of implants with reliable and reproducible results. The system includes poly-axial pedicle screws, rods and cross connectors for posterior lumbar fusions. The system’s unique set screw design prevents cross threading, and components are color-coded by size for easy identification.
OIC entered the medical device market in 2010, pledging to save more than a billion dollars in health care costs by 2015. The company will be exhibiting at the 10th Annual Orthopedic, Spine and Pain Management-Driven ASC Conference June 14 – 16 in Chicago. President Itai Nemovicher will be presenting the company’s new product line and will be available to discuss OIC’s cost-effective approach to working with hospitals and insurers.
OIC’s implants are 50 to 60 percent of the average market price of premium implants, potentially saving health care systems millions of dollars a year. High-quality, low-cost implants and products can be used for a variety of procedures, including treatment of broken bones, lumbar fusions and joint replacements. All OIC products are FDA approved and manufactured in ISO 13485 facilities.