Here are four things to know:
1. Orthopedic hip devices were associated with $33 million payments in Massachusetts last year.
2. The physicians have financial relationships with device companies for several reasons, including device innovation, testing and development to make sure the devices are safe. Orthopedic devices in particular require “hands-on training” with travel costs and input from physicians.
3. The top 25 physicians receiving payments from industry include seven who work at Massachusetts General Hospital, four at Brigham and Women’s Hospital and four at New England Baptist Hospital, all in Boston.
4. The top payment for a pharmaceutical company was for the weight loss drug Belviq, which included $6 million to Massachusetts clinicians.
More articles on orthopedic devices:
Titan Spine receives $7.5M investment from Southlake Equity Group: 5 key notes
5 observations on how 3D printing is transforming the medical device industry
Xtant Medical reports anticipated Q3 2016 revenue of up to $23.3M
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