Orthopedic Center: Invest or Not to Invest in a Robotic System and Impacts to the Patient-Physician Relationship

Topics: Physician, Health care, Medicine Pages: 11 (4506 words) Published: July 10, 2013
Orthopedic Center: Invest or not to Invest in a Robotic System and Impacts to the Patient-Physician Relationship
Karissa Keller
Colorado Technical University

Economics in Healthcare HSS 310
Professor Cynthia Bracy
June 24, 2013

In today’s time of demand and supply of healthcare needs, organizations must discover or improve services that can meet the needs of patients’ whole at the same time generating revenue as well as achieving high standards for quality of care. One way organizations have done this is by investing in robotic systems to carry out a range of surgeries. In the following presentation I will discuss the topics of: Investing in the MAKO RIO Robotic System, The Utilization of the RIO Robotic System, Stakeholders of an Orthopedic Surgery, Impact to the Stakeholders, Internal and External Factors that Impact the Purchasing of the MAKO RIO Robotic System, Reaction of the Patients About the RIO Robotic System, and the Impact to the Orthopedic Center’s Competitiveness. Investing in the MAKO RIO Robotic Arm System

Investing in a MAKO RIO Robotic System can become a very beneficial and profitable tool that can propel the center towards reaching our ultimate goals of revenue as well as patient quality of care. The MAKO RIO Robotic system is the “first FDA-cleared robotic arm system for orthopedic surgery,” (MedGadget, 2009). The RIO system consists of a robotic arm that is equipped with intelligent surgical instruments that enables a high level of precision to be achieved as well as high accuracy. The RIO Robotic Arm is available to patients that suffer from Osteoarthritis in the knee and/or hip. Before the RIO Robotic Arm, only medial resurface was possible, but with the RIO medial, patellofemoral, or both components of the bones can be resurfaced (MedGadget, 2009). This innovated robotic system now opens the door for more patients that need total hip and/or knee replacement. The cost of the RIO Robotic system does come with a heavy price tag around 200,000 dollars. However, the purchase of this system will quickly pay itself off within the first year of its purchase. The following information is provided by a hospital that has already purchase the RIO Robotic Arm system and successfully implemented into the organization.

(MAKO Surgical Corp, 2009).
The Utilization of the RIO Robotic Arm System
The RIO Robotic Arm system aides the surgeon in two stages, pre-surgery planning and during the surgery. The pre-planning stage enables the surgeon to use Cat Scans of the patient’s knee and puts them into 3-D images. These 3-D images give the surgeon the ability to the more accurately match the implant size, orientation, and as well as the aligning of the implant (Robotic Surgery Center, 2011). The RIO Robotic Arm system works with the surgeon during surgery so that precision and accuracy are increased. The system also improves the hand eye coordination of the surgeon as well as providing more dexterity and visualization. The Internal and External Stakeholders of the Orthopedic Center

The internal and external stakeholders of an organization play and have pivotal roles in the success of that organization. The internal stakeholders have a monetary stake in the success of the center. The internal stakeholders may include, but not limited to: director of programs and services, trustees, board committee members, and the owner(s) of the orthopedic center (Markwell, 2011). Internal stakeholders are committed, because of the monetary interest that the center continues to strive and meet financial goals as well as quality of care goals. The internal stakeholders provide guidance during new or existing programs of services. They also identify options and recommend solutions that would be essential to the continued success of the orthopedic center. The external stakeholders are those that are impacted by the decisions of the organizations. The external stakeholders include, but not limited to: Providers, the...

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