July 2020 Issue of Becker's Spine Review

Orthopedics & Spine Review

July 2020 Issue of Becker's Spine Review

ON THE COVER

19 spine surgeon moves on the move in 2020
Here are 19 spine and neurosurgeons who joined new organizations, moved locations or received promotions so far this year:

The 'new normal' in spine: 11 surgeon predictions
Eleven spine surgeons answer the question: What will the 'new normal' look like in spine post-pandemic.

Why Rothman Orthopaedics is dropping out of bundles
Alexander Vaccaro, MD, PhD, is president of Philadelphia-based Rothman Orthopaedics and Chairman of Orthopedic Surgery at Thomas Jefferson University Hospitals.

11 key spine partnerships in 2020
Here are 11 spine partnerships that Becker's Spine Review has reported on in 2020 so far:

10 best hospitals for pediatric neurosurgery: US News ranking
U.S. News & World Report ranked 50 pediatric hospitals for the treatment of serious neurological conditions such as epilepsy, head trauma and brain tumors.

Where 4 companies stand with spinal robotic technology in mid-2020
Robotics remains a top opportunity in orthopedics and spine throughout the pandemic, and despite the financial challenges facing health systems across the nation, many continue to pay for new robotic technology as the way of the future.

'Even my customers were upset': Stryker acquired Mako amid criticism and now the investment in robotics is paying off
Stryker CEO Kevin Lobo talked about the company's robotics strategy and the decision to acquire Mako Surgical early, which propelled the company to become a market leader in orthopedic robotics, in a Chief Executive report.

Former Stryker, NuVasive executive appointed COO of Nexxt Spine
Nexxt Spine on May 12 onboarded James Abraham as chief operating officer.

Texas hospital suspends construction of $120M spine tower due to economic challenges
Covenant Medical Center in Lubbock, Texas, is temporarily suspending construction of its six-story spine and orthopedic tower, according to a press release published by KCBD.

SPINE SURGEONS

'We have to prepare for the future now': Dr. James Lynch on the importance of ASC partnerships in spine
James Lynch, MD, is founder of SpineNevada in Reno, where he is chairman and CEO, as well as partner and director of spine services at Westchester, Ill.-based Regent Surgical Health.

Former spine surgeon accidentally burns down mansion in evidence-destroying venture
Mark Kuper, MD, and wife Melissa Kuper accidentally burned down their $1.6 million Fort Worth, Texas, house when Mrs. Kuper allegedly burned medical records in an attempt to hide evidence of fraudulent medical claims, state prosecutors alleged in an indictment filed against the couple June 17.

The most essential technology in spine and orthopedics post-pandemic — key concepts and big ideas
Three orthopedic and spine surgeons participated in a panel titled "ASCs, Orthopedics and Spine – The Next 5 Years" on June 18 as part of the Becker's Spine, Orthopedic and Pain Management-Driven ASC + the Future of Spine virtual event.

The future of private practice and payers in spine: 3 key thoughts
Three orthopedic and spine surgeons participated in a panel titled "The Future of Practice, Bundled Payments, Out-of-Network, Venture Capital, Hospital Partnerships and More" on June 18 as part of the Becker's Spine, Orthopedic and Pain Management-Driven ASC + the Future of Spine virtual event.

US News: Top 25 hospitals for pediatric neurology and neurosurgery
U.S. News & World Report released its "Best Hospitals for Pediatric Neurology & Neurosurgery" 2018-2019 rankings.

DEVICES & IMPLANTS

Stryker's April sales down 35-40%, but recovery expected in the coming months: 6 key points from CEO Kevin Lobo
Stryker Chairman and CEO Kevin Lobo addressed several key trends for the company over the next few months and year during the first quarter conference call, as transcribed by Seeking Alpha.

Globus Medical net profit down 21.9% in Q1, US sales up 7.4% — 6 things to know
Orthopedic device company Globus Medical posted a first-quarter net profit of $25.9 million, representing a 21.9 percent decrease year over year.

'Even my customers were upset': Stryker acquired Mako amid criticism and now the investment in robotics is paying off
Stryker CEO Kevin Lobo talked about the company's robotics strategy and the decision to acquire Mako Surgical early, which propelled the company to become a market leader in orthopedic robotics, in a Chief Executive report.

Zimmer Biomet posts $509M loss in Q1; expects 'significant negative impact' in Q2
Zimmer Biomet on May 11 posted a first quarter net loss of $509 million, dropping from a net profit of $246.1 million for the same period last year.

Medtronic launches cannula for balloon kyphoplasty
Medtronic on May 19 launched the Kyphon Assist Directional Cannula for balloon kyphoplasty procedures.

PRACTICE MANAGEMENT

Texas hospital suspends construction of $120M spine tower due to economic challenges
Covenant Medical Center in Lubbock, Texas, is temporarily suspending construction of its six-story spine and orthopedic tower, according to a press release published by KCBD.

Orthopedic surgeon compensation hits $511,000: 6 takeaways
Medscape released its Physician Compensation Report 2020, which included compensation and practice management information for orthopedic surgeons.

Colorado hospital to open $12M orthopedic expansion
Pioneers Medical Center in Meeker, Colo., will open an 11,000-square-foot facility expanding spine and orthopedic services July 8, The Business Times reports.

New Mexico orthopedic practice closes
Las Cruces (N.M.) Orthopaedic Associates will shut down permanently May 11 as a result of "unforeseen circumstances" potentially tied to the COVID-19 pandemic, the practice announced May 4.

Supreme Court rejects UPMC appeal in whistleblower case involving 13 neurosurgeons
The U.S. Supreme Court on May 1 refused to hear an appeal by the University of Pittsburgh Medical Center in a whistleblower lawsuit against the health system and 13 neurosurgeons, the Pittsburgh Post-Gazette reports.

OUTPATIENT SURGERY

PE will return. The question is, 'When?
Before COVID-19, physician practices were closing deals with private equity firms at all-time high valuations. The virus and global shutdown derailed the PE market in the short term. Firms and sellers will need to accept significant changes to get deals back on track.

Envision parent KKR sets sights on new transactions: 5 things to know
Deal-making is on the horizon for KKR, the parent company of Nashville, Tenn.-based Envision Healthcare, according to Bloomberg.

ASC anesthesia provider inks 3 deals in 1 month
Melville, N.Y.-based North American Partners in Anesthesia has been on a dealmaking spree.

Life after ramp-up: How COVID-19 will change ASCs forever
In certain states, the COVID-19 pandemic curve is shrinking and calls to restart elective surgery programs are growing louder by the day.

Kentucky hospital building $1B medical campus with surgery center — 4 insights
Baptist Health Lexington (Ky.) will build a $1B medical campus that will expand care options in Lexington, The News Tribune reports.

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