The deal made headlines in the orthopedic community when Stryker, one of the world’s largest medical technology companies, acquired MAKO Surgical Corp., in December 2013. MAKO pioneered the advancement of the robotic arm to assist in hip and knee orthopedic surgeries.
“One re-occurring questions from surgeons, who are all dealing with the realities of an increasingly cost conscious health care system, is why would Stryker acquire a company which sells million dollar robots in this period of health care cost reduction?”
We often hear similar feedback from physicians who say they cannot justify a pedCAT purchase when major changes to healthcare loom ahead. Our response is that now more than ever, definitive diagnoses, accurate pre-surgical plans, and comprehensive post-surgical evaluations are crucial. The new medical landscape demands more efficient care.
It seems Stryker agrees. It’s response, as reported by Orthopedics This Week:
“Stryker’s answer is that MAKO will simplify joint reconstruction procedures, reduce variability, and enhance the surgeon and patient experience. And in dollar terms, Stryker’s implants comprise about 80 percent the total cost of large joint replacement. The rest of the cost of surgery is everything else including the surgery itself, rehab, and any problems that come up. Small gains in the non-implant portion of surgery, like fewer errors, more consistent outcomes, can have a huge effect on overall costs. At a time when insurance companies are asking hospitals, surgeons and implant suppliers to virtually guarantee outcomes and eliminate variability, Stryker’s purchase of MAKO is a $1.65 billion bet that robots are the answer.”
At CurveBeam, we are proud that the pedCAT is manufactured entirely in the United States. Our factory headquarters are located in Warrington, Penn., just north of Philadelphia. The factory floor is housed in the same building as our administrative, sales, and research & development offices. We are committed to creating opportunities in our community. Most of the pedCAT’s components are sourced from local manufacturers as well.
CurveBeam’s manufacturing process is certified by ISO, a developer of voluntary industry standards. Each pedCAT goes through a rigorous testing process to ensure it produces high quality images.
Engineers on the factory floor follow the principles of lean manufacturing, developed by Toyota. The process is easily scalable, meaning CurveBeam can react quickly to large orders or orders that require a fast turnaround time.
We would like to extend an open invitation to all foot and ankle specialists to visit us. We’d be happy to give you a tour and show you the pedCAT “behind the scenes.”
It’s an exciting time at CurveBeam. Almost two years ago we received FDA-approval for our first product, the pedCAT. The in-office 3D weight bearing imaging system for the foot and ankle has been integrated into orthopedic and podiatric practices around the world. Foot and ankle specialists, considered leaders in their field, have told us that the pedCAT will become the standard of care for lower extremity imaging in the near future. In fact, in some of their practices, it already is.
We’re dedicated to continuing the improvement of foot & ankle imaging and are excited to share with you the technology advancements, right here on this blog in the upcoming months. So check back often!