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Orthopedics Settlement: Puts the Issue to Bed--Or Does It?

Though government officials and critics in the press painted lucrative consulting arrangements as unscrupulous tools in the hands of Big Ortho, no one's happier to see them go than the orthopedics industry itself. Here’s how the details shake out for the industry, and why executives are actually relieved to have some sticky legal and moral issues disappear. Some even predict that the end result will be lower overhead for their companies.

by David Cassak

The news last month that the five largest global orthopedics companies and the US Attorney’s office in New Jersey have come to a $311 million settlement following a nearly three-year-old investigation into financial and consulting arrangements between those companies and orthopedic surgeons should help to dissipate a cloud that has hung over the industry. Even better from the industry’s perspective, the settlement includes some oversight going forward, but it isn’t likely to have a major disruptive impact on industry practices

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