TAMPA, Fla.--(BUSINESS WIRE)--Laser Spine Institute, the leader in minimally invasive spine surgery, along with Rivenbark Consulting, an independent economic consulting firm, released a study today detailing the income and productivity gains provided by spinal decompression procedures performed by Laser Spine Institute.
The study includes surveyed outcomes for more than 100 qualified patients and a review of more than 20 peer reviewed journal articles that report surgical outcomes for open lumbar fusion procedures.
Cost savings to employers are defined in the study by increased production output as a result of employees returning to work faster than they would have following an open fusion procedure. The study found that the eight year value of these employer cost savings is significant equal to one additional fiscal quarter of work.
Some additional key findings from the study include:
On average, Laser Spine Institutes minimally invasive procedures allow employees to return to work in 1.24 months, as opposed to 3.99 months for workers undergoing conventional open fusion surgery. The 2.75 additional months of working time available to Laser Spine Institute patients amounts to nearly a 70 percent reduction in lost productivity for employers in addition to income gains for patients. Average annual earnings for Laser Spine Institutes working patients were $73,402. A return to work 2.75 months faster amounts to recovery of $16,759 in lost wages compared to patients undergoing traditional open fusion surgery for the same conditions.
Our minimally invasive approach is the differentiator for patients selecting treatment for their back and neck pain, said Dotty Bollinger, President and COO of Laser Spine Institute. We are able to provide relief to patients in an outpatient setting that allows them to walk out the same day and, in many cases, feel positive impacts within days of surgery. This study shows that these impacts have benefits for more than just the patient, but for many aspects of the patients life including getting back to work faster.
About Laser Spine Institute
Headquartered in Tampa, Florida, Laser Spine Institute currently operates four regional surgery centers across the country, in Tampa, Florida; Scottsdale, Arizona; Philadelphia; and Oklahoma City. Laser Spine Institute has helped more than 50,000 patients find relief from debilitating neck and back pain caused by spinal stenosis, degenerative disc disease, pinched nerves, bone spurs, bulging/herniated discs, sciatica and other chronic conditions. More than 97 percent of patients say they would refer a friend or family member to have surgery at Laser Spine Institute. Additionally, Laser Spine Institute has been repeatedly recognized by Voyance Health as a National APEX Quality Award Winner for outstanding patient satisfaction, and reports an enterprise patient satisfaction rate of more than 96 percent.
Laser Spine Institute has been named a top employer by Modern Healthcare, Tampa Bay Times, Tampa Bay Business Journal, Philly.com, okc.BIZ and a Most Admired Company by BestCompaniesAZ. Opening in Tampa in 2005 with one operating room and nine employees, Laser Spine Institute now has more than 800 corporate and health care professionals across the country.
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