Five Key Facts of Interest
- The orthopedic medical device industry has a $25 – $30 billion/yr. impact on U.S. health care.
- Five orthopedic medical device companies have established an oligopoly.
- Physician-owned medical device distributorships (PODs) have emerged as both an alternative distribution model and the only form of real competition to help lower prices.
- Most PODs functioning today follow no standards for disclosure and don’t necessarily provide meaningful cost savings to hospitals.
- Only strict standards, such as those established by the AASD, protect patients and hospitals, assure proven cost savings (often exceeding 30%), guarantee full transparency, and help ensure competition.