Becker's ASC Review

65 ORTHOPEDICS Florida Orthopaedic Institute to pay $4M to settle claims it did not protect patient data By Alan Condon T ampa-based Florida Orthopaedic Institute has agreed to pay $4 million to settle allegations it failed to protect consumers in a 2020 ransomware attack, Top Class Actions reported Aug. 15. In June 2020, the practice began notifying 640,000 patients that their protected health information may have been compromised in a data breach. e cyberattack occurred two months previously when hackers accessed a server through a ransomware attack on encrypted data stored on the practice's servers. According to Florida Orthopaedic Institute, the hackers may have gained access to names, birthdates, Social Security numbers, medical information, insurance data and other health data. A class-action suit, filed on June 30, 2020, alleged the practice did not properly secure protected health information and sought $99 million on behalf of patients and former patients affected by the breach. Florida Orthopaedic Institute has not admitted any wrongdoing but agreed to establish a $4 million settlement fund to resolve the allegations. Terms of the settlement state class members can receive a cash payment for out-of-pocket loss reimbursement and lost time. Covered out-of- pocket expenses include unreimbursed fraud or identity the costs, professional fees, credit monitoring expenses and credit freezing costs. Class members can claim up to $15,000 for out-of-pocket expenses and up to five hours of lost time at $25 per hour. e settlement also provides three years of identity restoration services. e settlement's final approval hearing is set for Sept. 29. n 10 largest orthopedic device companies by revenue By Claire Wallace Orthopedic device companies are gaining traction every year due to new technologies and abilities in the field. Some of the major players have billions of dollars in revenue every year and have seen increases in earnings every quarter. 10 largest orthopedic device companies based on 2021 revenue: Stryker: $17.1 billion Zimmer Biomet: $7.83 billion Johnson & Johnson- Depuy Synthes: $7.76 billion Smith + Nephew Orthopedics and Sports Medicine: $5 billion Enovis: $3.3 billion Medtronic-Cranial and Spinal: $1.2 billion ZimVie: $1.01 billion Globus Medical: $958 million NuVasive: $816.7 million Orthofix: $464.4 million n Rothman Orthopaedics inks 10-year partnership with CarePoint Health By Alan Condon P hiladelphia-based Rothman Orthopaedic Institute and CarePoint Health have cemented a 10-year partnership that will create an orthopedic Center of Excellence at Hoboken (N.J.) University Medical Center and Christ Hospital in Jersey City, expanding their partnership that began in March 2021. Rothman has 14 practice operations in New Jersey, including a new Hudson County facility. Physicians from this location will staff key programs that include an arthroplasty center. CarePoint and Rothman Orthopaedics are also in talks to develop a spine center and a multispecialty outpatient facility that caters to patients in Hudson County, Achintya Moulick, MD, president and CEO of CarePoint, said in an Aug. 1 news release shared with Becker's. By having a greater presence in Hudson County and partnership with CarePoint, Rothman Orthopaedics will be able to recruit the "best of the best, fellowship- trained surgeons" from Yale University in New Haven, Conn., and other prestigious programs in the area, Rothman CEO Christopher Olivia said. Alex Vaccaro, MD, PhD, president of Rothman Orthopaedics, said in the release his practice has a great ability to "recruit top talent," and its "North Jersey expansion attracted an abundance of top-trained orthopedic applicants." Rothman Orthopaedics expects to have an initial six surgeons and two nonoperative physicians hired for Hudson County. They will specialize in spine surgery, joint replacement, hand and wrist, foot and ankle, and shoulder and elbow. n

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