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Company to provide implants to Vizient member hospitals.
July 27, 2020
By: Globe Newswire
WishBone Medical Inc., a pediatric orthopedic company focused on innovative solutions designed around the unmet needs of children, announced today a national agreement with Vizient Inc., the largest member-driven health care performance improvement company in the United States. The agreement provides anatomically appropriate orthopedic solutions for arms, legs, spine, elbows, wrists and clavicles to surgeons caring for children. “In the year 2020, there is still a huge technology deficit in the OR with 95 percent* of children receiving adult implants not cleared by the FDA for pediatric use. In some instances, these off-label applications can cause more harm than good. WishBone is thrilled about another game-changing opportunity to create greater access to solutions that are truly designed around the unmet needs of kids,” said Nick Deeter, founder and CEO of WishBone Medical Inc. Vizient’s membership base comprises more than 50 percent of the nation’s acute care providers, which includes 95 percent of the nation’s academic medical centers, and more than 20 percent of ambulatory providers. As possibly the only pediatric company in the world offering single-use, sterile packed procedure kits, WishBone customers are able to address supply chain obstacles and sterility issues inherent to reusable case and tray systems. The single-use model is crucial to making product accessible to Vizient member hospitals and surgery centers, while simplifying tracking and billing. Through Vizient’s large membership base, WishBone’s “Just-In-Time” supply will allow health care facilities to benefit from immediate availability and shipment of product at contracted prices as needed. “As surgeons take on a surge of cases post-COVID-19 pandemic, the need for single-use, sterile packed procedure kits has become increasingly apparent. The timing of this partnership could not be more serendipitous,” said Kevin Blue, chief revenue officer of WishBone Medical Inc. In the $2.5 billion pediatric orthopedic market, by combining WishBone Medical’s single-use sterile kits for children with orthopedic issues with Vizient’s member hospitals and member ASC facilities, kids will finally receive anatomically appropriate solutions that they have always deserved. * Data on file
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