Advertisement

Spinal Tech

Memphis, Tenn.-based Medtronic Spine has announced intentions to restructure its workforce, including possible employee layoffs and other cost-cutting measures, according to a company statement.

Advertisement

Device costs are a huge portion of surgical bills, and 60 percent of physicians say doctors have the most influence over device purchasing decisions currently, according to the "Deloitte 2013 Survey of U.S. Physicians: Physician perspectives about health care reform…

Last fall Kalamazoo, Mich.-based Stryker voluntarily urged physicians to discontinue use of its ShapeMatch orthopedic product, but recently the FDA upgraded the recall to a Class 1, indicating probability of serious health consequences or death, according to Michigan Live.

Advertisement