What does the future hold for the orthopaedic industry? Surgeons and industry will unite for The State and Future of the Orthopaedic Industry™ Symposium to provide perspective on critical dynamics shaping the market.
ORTHOWORLD® was founded on the principle that discussing challenges and providing a place for our industry’s voice would lead to idea sharing and, ultimately, success. We realize the importance of sharing a greater understanding of the future—to preview what success will look like in five years. With that, it is our pleasure to revive the Symposium, which will be held January 19-20, 2015 in Nashville, Tennessee.
The event will equip you with knowledge and networking opportunities in order to secure more wins and break through more barriers. We’ll kick off the morning with a 2020 forecast, asking CEOs to answer market-specific questions, including, "How much growth do you project in the market segments in which you play? What challenges and opportunities do you expect will play a role in that growth?"
Our participants include:
Moderator: Doug Kohrs, Past President and CEO, Tornier
Panelists: B. Sonny Bal, M.D., JD, Chairman, President and CEO, Amedica
Rod. K. Mayer, President and CEO, Nextremity Solutions
Once projections are laid out, our panel will dive into a Q&A about major regulatory and economic factors shaping the global orthopaedic industry and the opportunities that can be uncovered. The impact of the Affordable Care Act, medical device tax, M&A activity and changes to product delivery models will be amongst the broader topics discussed. Ample time will be left for audience Q&A.
Surgeon entrepreneur Selene Parekh, M.D., Partner at North Carolina Orthopaedic Clinic, Associate Professor at Duke University and Clinical Advisor at Excelerate Health Ventures, will present during lunch.
Dr. Parekh will cover the factors that have driven us to the current intersection of innovation and regulation and how to approach the undue burdens on the surgeon/device company relationship. The medical device tax has forced cuts to R&D spend; Open Payments has created excessive documentation and a restrictive FDA has led to the overseas-first launch of new technologies, many of which are U.S. surgeon ideas. "What will be the long-term impact on orthopaedic innovation? How can surgeons and device companies maintain strong relationships to move the industry forward?" Dr. Parekh aims to answer these questions.
More information on the Symposium speakers:
Doug Kohrs, Past President and Chief Executive Officer, Tornier N.V.
Mr. Kohrs has more than 30 years of experience in the medical device industry, primarily as a founder or executive of innovative companies. He served as the Chief Executive Officer and President of Tornier from 2006 to 2012, and Chief Executive Officer and President of American Medical Systems from 1999 to 2005.
He currently serves as President of Foundation for Essential Needs and serves on boards at Proto Labs, Inova Spine, Boi2 Technologies, OmniGuide and Tenex Health.
He has previously served on boards at InHealth, Tornier, ev3, Kyphon, Disc Dynamics, American Medical Systems, Pioneer Surgical and SpineCore.
Mr. Kohrs holds a B.S. in Bioengineering from Texas A&M University, a B.A. in Engineering Sciences from Austin College and an MBA from Northeastern University.
B. Sonny Bal, M.D., J.D., Chairman of the Board, President and CEO, Amedica Corporation
Dr. Bal has served on Amedica’s Board of Directors since February 2012, as Chairman of the board since August 2014 and as President and Chief Executive Officer since October 2014. He is Professor and Chief of Adult Reconstruction at the University of Missouri - Columbia and Adjunct Professor of Material Sciences at the University of Missouri at Rolla. Dr. Bal is a member of the American Academy of Orthopaedic Surgeons, the American Association of Hip and Knee Surgeons and the International Society of Technology in Arthroplasty. He also serves on the editorial board of several peer-refereed orthopaedic journals and has published extensively on the biomedical applications of Silicon Nitride ceramics. He continues that work with presentations at scientific forums worldwide.
Dr. Bal received his M.D. from Cornell University, an MBA from Northwestern University and a J.D. from the University of Missouri.
Rod K. Mayer, President and CEO, Nextremity Solutions, Inc.
Mr. Mayer has served in the orthopaedic industry since 1977, most recently as President and CEO of Nextremity Solutions as of February 2013. Mr. Mayer started his orthopaedic career with DePuy, spending 18 years in various roles. His overall history in the industry includes extensive experience in sales, distribution and business development.
In 2002, Mr. Mayer founded DVO Extremity Solutions, a company focused upon development and commercialization of innovative products for the upper extremity market. Mr. Mayer co-led the development, growth and eventual sale of DVO to Tornier in March 2007. He then served as Vice President of Sales Execution and was a member of Tornier’s executive management team. Mayer also co-founded Del Palma Orthopedics, a product development company, for which he was named President and CEO in April 2009 and currently serves as a Director. Mr. Mayer also serves on the Boards of Conventus Orthopedics and SDG Holdings.
Selene G. Parekh, M.D.
Dr. Selene G. Parekh, M.D., MBA, has been a partner at the North Carolina Orthopaedic Clinic and Associate Professor of Orthopaedic Surgery at Duke University since 2009. Before arriving at Duke, he was a foot and ankle surgeon at the University of North Carolina, where he served as the foot and ankle consultant to the athletic department and taught medical students and residents.
Dr. Parekh graduated from the Boston University School of Medicine, completed his residency at the Hospital of the University of Pennsylvania and his fellowship in foot and ankle surgery. He obtained his MBA from Boston University and completed a one-year Healthcare Entrepreneurship Fellowship at the Wharton School of Business at the University of Pennsylvania. He developed the Business of Orthopaedics conference, which taught practice management, product development, entrepreneurship, personal financial management, leadership and negotiations.
Dr. Parekh is dedicated to teaching medical students the importance of business in healthcare and diving into new technologies to improve patient outcomes.
Dr. Parekh recently shared tips for fellow surgeon entrepreneurs and industry in an ORTHOPRENEUR® article here.
This article was originally published on ORTHOWORLD.com.