“As the spinal industry has evolved, we’ve seen an exponential race to the bottom driven by lower cost demands from hospital systems and group purchasing organizations,” Vince Proffitt, founder and president of Spartan Medical, said in a July 3 news release. “To maintain profit margins, many companies in this space look to outsource manufacturing which has the potential to affect product quality and durability.”
SpineCraft develops and manufactures spine implants and instruments. Spartan Medical is a contractor for the U.S. Department of Veterans Affairs, the U.S. Department of Defense and other local, state and federal agencies.
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.
