REDLANDS, Calif.–(BUSINESS WIRE)–Alliance Surgical Distributors’ first physician owned distributor, Inland Spine and Orthopedics, announced a price reduction on implants to its three contracted hospitals. Price reductions are traditionally unprecedented in an industry where the costs of orthopedic implants typically increase 13% annually. Already, Inland Spine and Orthopedics is well below the nearest contracted price as presented in a scientific exhibit at the 2009 American Academy of Orthopedic Surgeons (AAOS).
“In light of our continued success as well as the current economic environment we felt it our responsibility to find a way to reduce our prices so our hospitals can remain competitive and profitable in 2010,” comments John C. Steinmann, DO founder and CEO of Alliance. “Hospitals find they are losing money on some orthopedic services and no other model has demonstrated such profound effects inreducing healthcare costs associated with orthopedic implants.”
The price reduction not only stays true to the Alliance Surgical Distributors mission of bringing value to patients and hospitals but is the result of surgeons implementing much needed efficiencies to achieve healthcare savings.
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