It also saw a 30% growth in surgical revenue, with a 23% increase in surgical volume and 6% increase in average revenue per procedure, according to a May 7 Alphatec news release.
During the first quarter, the company hosted 150 surgeon training engagements, fueled a 21% growth in surgeon adoption and utilization, expanded in major markets, grew by 28% in established territories and deployed approximately $60 million of revenue-generating assets to capitalize on market opportunity.
The company now expects total revenue to grow 25% to $601 million for the full fiscal year, compared to the previous expectation of $595 million.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
