#Ivinci health revenues how to#
#Ivinci health revenues upgrade#

Intuitive had experienced double-digit revenue growth and rising da Vinci sales in past years, but that all changed in Nov. Intuitive says it also has a $67 million pre-tax charge to reflect estimated costs of settling a number of legal claims, reflecting an on-going concern with its surgical robots. Intuitive is scheduled to report its first quarter 2014 results in a conference call on April 22, 2014. “Our recently released da Vinci Xi system is another step in pursuit of our mission.” “Intuitive remains focused on our goal of developing advanced technology that enables surgeons to improve patient outcomes and reduce the associated costs of care,” Intuitive CEO Gary Guthart says in a statement. Sales in the United States fell to 45 from 115, which Intuitive attributes to lower procedural volumes, the Affordable Care Act, and expectations of the new da Vinci Xi system. It sold 87 systems in the quarter, compared to 164 during the same period one year ago. Revenue from older da Vinci systems fell nearly 59 percent in Q1 2014 to about $106 million from $256 million during Q1 2013, Intuitive says. Without the impact of the trade-out program, revenue would have been $491 million, still a sharp decrease of 20 percent.

#Ivinci health revenues upgrade#

Intuitive says its took a $26 million hit on existing clients who used its trade-in program to upgrade from recently purchased da Vinci instruments and accessories to new da Vinci Xi products. Intuitive expects Q1 2014 revenue to be approximately $465 million, down 24 percent from $611 million Q1 2013. The system also provides a patient revenue intelligence center that includes forecasting, vendor management, reporting, and analytic tools to manage every aspect of their patient revenue business.Just days after announcing its new da Vinci Xi surgical robot received FDA clearance, RBR50 company Intuitive Surgical issued a warning about its first quarter (Q1) 2014 financial results. In addition to the new portal, iVinci offers patient scoring and segmentation that provide health systems with unprecedented accuracy in predicting when and how patients will pay. IVincis patient revenue management system is comprised of three solutions the company says collectively enable health systems to capture more patient-driven revenue.

#Ivinci health revenues how to#

Company executives said the portal simplifies the medical billing process so patients know exactly what they owe, when they owe it, and then gives them online management tools and financing options so they can choose how to pay in a way that works best for them and their family. The company also announced the launch of a new extension to VisitPay, an online payment and financing portal that provides a way for patients to manage their medical bills and set up financing plans for balances owed by them and their families. Lukes Health System, headquartered in Boise and a fourth unnamed system iVinci executives said was based in the Pacific Northwest. The new round of funding, which closed on September 3, was led by Salt Lake Citys Intermountain Healthcare Inova Health System of Falls Church, Va. _simple_html_dom_voku_html_wrapper_>Four prominent health systems have led a $5 million round of investment in Boise, Idaho-based iVinci Health, developer of the VisitPay revenue management platform.