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Surgeon Salesmen? Doctors Profit From Devices They Put In Patients

Thu, 10/24/2013 - 11:11am
CBS News

Physician-owned companies, also known as physician-owned distributorships or P.O.D.s, have been around for a little over a decade, but already supply an estimated one-sixth of spinal implants nationwide. Most simply serve as middlemen, buying implants wholesale and selling them to hospitals, but some also design and manufacture their own products. In addition to spinal implants, they currently supply hip, knee, cardiac, and other devices.Doctors are not required to disclose their ownership in these companies, so it's very difficult to get information about them.

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