Medical Device Tax Takes $97M in January

The countrywide first payment of the new 2.3 percent medical device tax totaled $97 million, according to Star Tribune.

Advertisement

Twice monthly deposits are being made from device manufacturers’ revenue, and the tax totals will be used to pay for federal healthcare reform measures, according to the report.

The tax took effect Jan. 1, and was received by vehement industry opposition.

More Articles on Devices:
Mazor Robotics to Market Spine System in Canada
Conventus Orthopaedics’ DRS Implant Receives FDA Clearance
Johnson & Johnson’s Synthes Acquisition Adds 5.6% 4Q Sales Growth

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.

Watch On-Demand Webinar

ASC development + private equity: How to build value from day one

Presenters: Andrew HrankaWendy Bruno Thomson, MBA, LHARichard Romero, CVA, ABV, FHFMA, PAHM

Advertisement

Next Up in Spinal Tech

Advertisement

Comments are closed.