Companies that make medical equipment operate largely on a supply-and-demand model. Hospitals buy their multimillion- dollar machines, use them for a few years, and then go shopping again. In some cases, manufacturers have designed entire medical systems within a hospital.
Now, in what appears to be a first-of-its-kind partnership in the United States, a tech giant - Royal Philips - and a hospital system in Georgia are sharing financial risk and reward. Jim Burress reports from WABE in Atlanta.
Every year more than a quarter of a million Americans have total hip replacement surgery. It's almost always a successful operation that frees patients from what's often described as disabling pain.
But in recent years, there's been lots of discussion on the Internet about "anterior approach" hip replacement, a surgical technique that's different than the standard procedure. It's one that proponents say can lead to quicker recovery, three to four weeks compared to six to eight weeks for typical surgery.