What does Orthofix do?

We provide reconstructive and regenerative solutions that aim to restore the quality of life for patients with various spinal and bone-related conditions. Our innovative solutions uniquely incorporate different treatment modalities (mechanical, biological, and electromagnetic) to achieve desired clinical outcomes.

Where is Orthofix located?

Lewisville, Texas
Headquartered in Lewisville, Texas, the company has two strategic business units: Spine and Orthopedics. Orthofix products are widely distributed via the company’s sales representatives and distributors.

How many employees does Orthofix have?

Founded in Verona, Italy, and now headquartered in Lewisville, Texas, Orthofix has two strategic business units − Orthofix Spine and Orthofix Orthopedics − with more than 1,000 employees dedicated to developing, manufacturing and distributing our diverse product lines in more than 60 countries worldwide.

Is Orthofix a public company?

Orthofix Reports First Quarter 2022 Results (NASDAQ:OFIX) today reported its financial results for the quarter ended March 31, 2022. Net sales were $106.4 million, earnings per share (“EPS”) was $(0.22), and adjusted EPS was $(0.10).

How much does a bone stimulator cost?

Cost of Bone Stimulators An implanted electrical stimulator may cost up to $5,000.

How long do you wear a bone growth stimulator?

Typically, the external bone growth stimulator will be worn for a period of 3 to 9 months following the surgery.

Is Orthofix a good company?

Orthofix has an overall rating of 3.8 out of 5, based on over 137 reviews left anonymously by employees. 67% of employees would recommend working at Orthofix to a friend and 68% have a positive outlook for the business. This rating has improved by 12% over the last 12 months.

What is a bone stimulator device?

A bone stimulator is a device that generates an electric current meant to encourage bone growth. It uses ultrasonic or pulsed electromagnetic waves. To be effective, bone stimulator treatment must be used every day. ‌ Bone stimulators are either external or surgically implanted into the area of the affected bone.

Is a bone stimulator worth it?

Are Bone Stimulators Effective? The effectiveness of electrical bone stimulators hasn’t been determined, and studies have had mixed results. Studies of the use of electrical bone stimulation have also found that it may speed up healing time in smokers.

Is a bone growth stimulator covered by Medicare?

The U.S. Centers for Medicare and Medicaid Services has expanded Medicare coverage for the Exogen bone healing system, according to a press release from Smith & Nephew, makers of the device. Since 2000, Medicare has reimbursed the use of the Exogen system only for nonunion cases following surgical repair.

How much is a bone stimulator cost?

What is the success rate on a bone stimulator?

Since gaining approval, several different studies have evaluated the efficacy of PEMF stimulation in the treatment of fracture nonunions with success rates ranging from 68% to 90% depending on the fractures treated.

How long does a bone growth stimulator last?

How Much Does Medicare pay for bone stimulator?

For individuals receiving Medicare benefits, the cost you will have to cover is generally 20% of the Medicare allowable amount. However, this technology is expensive, and the price of a bone growth stimulation unit can range from $500 to $5,000. This means that your out of pocket copay may be as high as $1,000.

Is bone stimulator covered by insurance?

Invasive bone growth stimulators are considered internal medical devices and, therefore, are covered under the core medical benefits of many plans. Refer to the customer’s benefit plan document for coverage details.

Does Medicare pay for a bone stimulator?

Under the new expanded coverage, Medicare will now reimburse for use of the device in all nonunion cases, regardless of whether the patient had undergone prior surgical repair, the company said.

How much do bone stimulators cost?

How many times a day can you use a bone stimulator?

A: Your doctor will prescribe a daily treatment time based on your needs. The SpinalStim device is typically worn a minimum of two hours a day. The CervicalStim device is worn four hours a day.

What are the side effects of a bone stimulator?

To date, bone growth stimulators are not known to induce any adverse side effects in people.

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