Becker's ASC Review

72 GASTROENTEROLOGY 6 gastroenterology device companies to watch in 2022 By Patsy Newitt Here are six device gastroenterology companies that have made big moves in the last year: 1. Iterative Scopes is a gastroenterology-focused soft- ware company that designs artificial intelligence prod- ucts for endoscopies. In January, the company snagged $150 million in series B funding to develop its gastroen- terology technology. 2. Motus GI offers endoscopy devices treating gastroin- testinal issues. In February, the FDA granted the compa- ny market clearance for its second-generation Pure-Vu EVS system. 3. Fujifilm's medical imaging portfolio includes digital radiography, mammography, computed tomography, magnetic resonance imaging, ultrasound, endoscopy and endosurgery devices. In August, the company launched its Eluxeo 7000X system, and in December, its Tracmotion dissection device that streamlines the re- moval of potentially cancerous polyps. 4. Medtronic's endoscopy sector offers a portfolio to help improve care of chronic gastrointestinal diseases. In November, the company's PillCam Small Bowel 3 sys- tem for remote endoscopy procedures received 510(k) clearance from the FDA. 5. Micro-Tech Endoscopy offers products for endoscopic diagnosis and therapeutic medical devices. In Novem- ber, Micro-Tech Endoscopy launched its LesionHunter cold snare, a cold snare with an ultra-thin nitinol wire de- signed to advance polypectomy. 6. Olympus' medical portfolio includes endoscopes, lap- aroscopes and video imaging systems. In February, the company was awarded a contract for single-use bron- choscopes from Vizient, the largest group purchasing organization in the nation. n Gastroenterologist pay by the numbers: 16 stats By Patsy Newitt G astroenterology has consistently been among the top 10 highest- earning specialties in the U.S. Here are 16 key stats on gastroenterologist pay: is data was gathered from Medscape's Physician Salary Explorer, Physician Debt and Net Worth Report 2020, and Physi- cian Compensation Report 2022; Merritt Hawkins' Physician Revenue Calculator, Doximity's 2021 Physician Compensa- tion Report and a report from job market research company Zippia. 1. Gastroenterology pay increased 3 percent from 2020 to 2021 — from $485,817 to $500,400. 2. Pediatric gastroenterology salaries hit $295,751 in 2021, a 5.4 percent increase from 2020. 3. Gastroenterology is the 10th highest-paid physician specialty. 4. e average incentive bonus for gastroen- terologists is $60,000. 5. About half of gastroenterologists (55 per- cent) say they feel fairly compensated. Out of 29 specialties, gastroenterologists were ranked 21st among those in a specialty who felt fairly compensated. 6. New gastroenterologists earn higher sala- ries than some with more experience in four of the biggest U.S. cities — Chicago, Los Angeles, New York City and Dallas. 7. e percentage of gastroenterologists with a net worth over $5 million is 4 percent. 8. e percentage of gastroenterologists with a net worth under $500,000 is 1 percent. 9. e percent of gastroenterologists who are still paying off their student loans is 17 percent. 10. e percentage of gastroenterologists with homes larger than 5,000 square feet is 19 percent. Gastroenterologist pay by years of experience: 11. One to seven years of practice: Employed: $394,708 Self-employed: $465,972 12. Eight to 14 years of practice Employed: $383,817 Self-employed: $457,852 13. Fieen to 21 years of practice Employed: $429,255 Self-employed: $510,247 14. Twenty-two to 28 years of practice Employed: $440,199 Self-employed: $498,023 15. Twenty-nine to 35 years of practice Employed: $450,678 Self-employed: $497,384 16. irty-six or more years Employed: $391,108 Self-employed: $424,932 n

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