Premium Essay

Intuitive Surgical

In: Business and Management

Submitted By iheayaa
Words 2095
Pages 9
Intuitive Surgical, Inc

Abstract / Executive Summary
Intuitive Surgical continues to lead the surgical robotic market in both market penetration and revenue stream. This company continues its reach to surgeons and patients globally through its opportunity to offer minimally invasive solutions with latest technology. Faced with environmental changes and new competition on the horizon, Intuitive Surgical has some challenges to face while maintaining positive results for investors.

Overview
This paper is based on research performed on Intuitive Surgical Inc, (NASDAQ: ISRG) and includes details about company’s line of business, place within its industry, and overall business situation as it is perceived by its customer based. Certain company financials will be introduced, analyzed, and discussed throughout the paper to help describe the perspective of value that this company has to investors and consumers alike. An industry analysis will help explain the strengths, weaknesses, and challenges this company faces amidst policy changes and increasing competition.

Line of Business and Overall Business Situation
Intuitive Surgical, Inc. is a leader in minimally invasive robotic-assisted surgery and competes in the global market. This company has capitalized on the growing demand from surgeons and patients desiring minimally invasive procedures across many surgical disciplines. In January of 1999, the da Vinci System was launched and was the first robotic surgical system cleared by the FDA for general laparoscopic surgery. The FDA cleared the da Vinci system in following years for additional procedures such as thoracic, cardiac, urologic, and gynecological.
The technology introduced by Intuitive Surgical is a combination of…...

Similar Documents

Premium Essay

Surgical Cricothyrotomy in the Paediatric Patient

...Surgical cricothyrotomy (SC) is an emergency airway procedure for assisting in ventilating patients who have insufficient oxygenation. It can be performed when other airway management options have been unsuccessful and the patient cannot be adequately oxygenated. The paediatric patient has differences in their airway anatomy compared to an adult patient. Any procedures on a paediatric patient are difficult and risky in any environment. This paper will discuss paediatric airway management and give reasons as to why SC should not be attempted. SC involves incising the cricothyroid membrane with a scalpel and inserting an endotracheal tube directly into the subglottic area of the trachea. The most important anatomical consideration for a paediatric surgical airway is the smaller size of the cricothyroid membrane (CTM) in the paediatric patient compared to the adult patient; differences become less acute as the paediatric patient grows in size. Combining CTM size with the upper airway structures cartilage being soft and pliable as it develops; any pressure caused by surgical apparatus on the CTM may cause it to collapse completely (Caroline, 2007). The paediatric patient has a shorter airway and the diameter is smaller. The narrowest area of the paediatric patient’s airway is situated below the level of the vocal cords at the cricoid cartilage and this differs from the adult patient’s airway as the narrowest point is located at the level of the vocal cords. Therefore the......

Words: 524 - Pages: 3

Premium Essay

Miwaukee Surgical Supplies

...Assignment 5 – Milwaukee Surgical Supplies, Inc. Vago Taylor Dr. Point Health Finance Management- HAS 525 December 11, 2011 Milwaukee Surgical Supplies, Inc., sells on terms of 3/10, net 30. Gross sales for the year are $1,200,000 and the collections department estimates that 30% of the customers pay on the tenth day and take discounts, 40% pay on the thirtieth day, and remaining 30% pay, on average, 40 days after the purchase. (Assume 360 days /year.) 1. Calculate the firm’s average collection period. ACP=(.30*10)+(.40*13)= 8 days 2. Calculate the firm’s current receivables balance. Receivables balance= ADB*ACP= $1,200,000*8= $9,600,000 3. Calculate the firm’s new receivables balance if Milwaukee Surgical toughened upon its collection policy, with the result that all non-discount customers paid on the 30th day. ACP= (.30*10)+(.40*30)= 18 days ADB= 1200000*18days= $21,600,000 4. Assuming the cost to the firm to carry receivables is 8% per annum, calculate the annual savings resulting from the toughened credit policy. (Assume the entire amount of receivables had to be financed.) 0.08*26,600,000= $2,128,000 5. What is the primary difference between financial statement analysis and operating indicator analysis and why are both types useful to health services managers? A financial statement analysis is the process of using data contained in a business’s financial statements to make......

Words: 728 - Pages: 3

Premium Essay

Introverted Intuitive Feeling Judging

...Introverted iNtuitive Feeling Judging by Joe Butt Beneath the quiet exterior, INFJs hold deep convictions about the weightier matters of life. Those who are activists -- INFJs gravitate toward such a role -- are there for the cause, not for personal glory or political power. INFJs are champions of the oppressed and downtrodden. They often are found in the wake of an emergency, rescuing those who are in acute distress. INFJs may fantasize about getting revenge on those who victimize the defenseless. The concept of 'poetic justice' is appealing to the INFJ. "There's something rotten in Denmark." Accurately suspicious about others' motives, INFJs are not easily led. These are the people that you can rarely fool any of the time. Though affable and sympathetic to most, INFJs are selective about their friends. Such a friendship is a symbiotic bond that transcends mere words. INFJs have a knack for fluency in language and facility in communication. In addition, nonverbal sensitivity enables the INFJ to know and be known by others intimately. Writing, counseling, public service and even politics are areas where INFJs frequently find their niche. Functional Analysis: Introverted iNtuition Introverted intuitives, INFJs enjoy a greater clarity of perception of inner, unconscious processes than all but their INTJ cousins. Just as SP types commune with the object and "live in the here and now" of the physical world, INFJs readily grasp the hidden psychological stimuli behind......

Words: 2255 - Pages: 10

Premium Essay

Intuitive or Systematical Thinking for Decisions of Huge Capital Outlay

...unclear alternatives.’ Do you agree? Justify your answer using decision-making theory and relevant examples from at least two industries. With the development of globalisation, numerous international business and investors come across decision-making every day, and sometimes need to discover solutions for high capital investment in different environments. Some people suggest that most of those decisions are generated out of top managers’ intuition to make vague directions in uncertain environments. This essay argues Managerial decision making consists of intuitive thinking and systematic thinking: both are important but more systematic thinking should be used particularly in decision making of huge capital outlays. This essay will demonstrate the argument by defining relationship among decision, information and environment; strengths and issues of gut decision (intuitive thinking), systematic thinking; in addition, intuitive and systematic thinking are supported by theories through historical and current approaches and industrial applications respectively. First of all, the availability of information influences outcome of decision making. “Decision” (Schermerhorn Jr, Davidson, Poole, Simon, Woods, and Chau 2011p.70), is to choose the most suitable way of sequence of activities. In management theory, Schermerhorn et al. (2011) suggests that decision is made upon information available, and the quality of information alters different environment for decision making.......

Words: 2451 - Pages: 10

Premium Essay

Intuitive Decision Making Model

...a completely different model to decision making. Let us discuss the recognition primed decision making model as designed in 1985 by Gary Klein, which is further researched and outlined as an Intuitive Decision Making Model. This model utilizes the intuition one has, built by various outside factors, including experience, situation, and quite honestly: gut instinct. “In a given situation, the decision maker will pick up cues and indicators that let them recognize patterns. Based on these patterns and the decision they have to make, the person chooses a single course of action, an ' action script', that they consider will achieve the outcome” (McDermott). This action script, as described is based on how one replays the situation in their mind. A review of variables draws to the decision. This decision is viewed as intuition. Intuition draws on our inborn ability to process information quickly and effectively— something that can often be affected or hindered by outside influences. There is research to suggest that intuition plays a great role in the ability to successfully complete tasks that may be difficult or complex, and must be made quickly. Examples of these types of decisions include performance reviews, corporate planning, and even stock review and analysis. The intuitive model suggests that as an individual becomes more proficient in a field, for example, his ability to make effective decisions intuitively increases. In other words, the decision maker has......

Words: 620 - Pages: 3

Premium Essay

Surgical Scrubbing

...Surgical scrubbing is an important factor in order to prevent infections on patients who are undergoing surgery. All hospitals should follow specific protocols on how to perform a surgical scrub in order to prevent surgical site infections. The purpose of this study was to see which circulating nurse had the least amount of bacteria on their hands after the initial scrub depending on what they used to scrub their hands. This study was conducted on 60 circulating nurses. There was one control group and two test groups. The control group used 3 ml of chlorhexidine gluconate 4% only, one group used the same product but with a nail pick, and the last group used the same product but with a nail brush. The samples from their hands were obtained at 2 different times: immediately before the scrub and 1 hour after the surgical scrub. The control group who did not use the pick or the brush were the ones that had the least amount of bacteria on their hands. To follow were the nurses that used the pick then the brush. The findings did indicate that there is no significant difference on performing the scrub alone. However, it did indicate that the scrub alone, without the pick or the brush, was the most effective in reducing bacteria for a surgical scrub. Reference Alcan, Aliye O. & Korkmaz, Fatma D. (2012). Comparison of the efficiency of nail pick and brush used for nail cleaning during surgical scrub on reducing bacterial counts. American Journal of Infection...

Words: 258 - Pages: 2

Premium Essay

Surgical Site Infection

...Surgical Site Infection Last Name, First Name HCA 375 April 14, 2013 Instructor Surgical Site Infection Surgical site infection (SSI) is a continuous representation of a large part of health care related infections. The impact on mortality, cost of care, and morbidity has resulted in surgical site infections being recognized as a high priority in the US Department of Health and Human Services Action Plan to Prevent Healthcare-Associated Infections. “The majority of SSIs are largely preventable and evidence-based strategies have been available for over ten years and implemented in many hospitals, as nationally recognized by SCIP and SHEA in the US” (Institute for Healthcare Improvement, 2014). Surgical site infections may range from as little as redness around an incision to treacherous sepsis. Surgical site infections add an average of an additional seven days to the hospital stay of a patient which is also very costly. By following seemingly undemanding steps that are supported by scientific evidence, surgical site infections can be prevented. However, the culture of the workplace as well as the multifaceted systems of health care services, habitually make it a practical challenge to adhere to several of the steps. In this paper I will discuss the hospital acquired condition surgical site infection and why it is considered preventable; explain the legal implications related to a patient developing the condition and the role that disclosure plays; describe......

Words: 1281 - Pages: 6

Premium Essay

Reducing the Risk of Surgical Site Infection

... Reducing the risk of surgical site infection Joy Ibeh Walden University NURS 4001, Section 7, Research & Scholarship for Evidence-base practice September 7, 2014 Reducing the risk of surgical site infection A surgical site infection is a preventable event and also a national concern. There are numerous publication on national awareness and guidelines for infection prevention in different surgical settings. The benefit of providing information and acquiring knowledgeis to prevent patient mortality rate by following the national clinical guideline. Therefore the purpose of this paper is to discuss information from the the clinical practice guideline for preventing and reducing the risk of surgical site infection. Practice Setting Problem The Practice seting problem chosen for this assignment is reducing the risk of surgical site infection by using clinical practice guideline. Surgical site infections (SSI)is an infection patient acquired from hospital after surgery, It has a significant representation of healthcare associated infections. According to Center for Dieases Control and Prevention (CDC) SSI is defines as “ an infection that occurs after surgery in the part of the body where the surgery took place.” (Spruce, 2014). The author, Spruce (2014) addressed the mortality rate of surgical site infection and further noted that SSI is the second most prevalent healthcare associated infection that are estimated to be 40% to 60% preventable. Spruce reported that...

Words: 1174 - Pages: 5

Premium Essay

Surgical Wound Infection

...attributes or characteristics of the concept. * Concept Analysis of the Surgical Wound Infection ? I will like to identify patients conditions and other factors contribute to the development of Surgical Wound infections. * Determine the aims or purposes of analysis The purpose is to understand the effect of environment in surgical wound infections. Prevention of infection requires the application of the principles of microbiology and accept practice. Measure of this concept is based on the stages of wound healing and the Centers of Disease Control and Prevention guidelines defining surgical site infection as occurring 30 days postoperative. * Identify all uses of the concept The Merriam-Webster Dictionary was used to explore the general definition of surgical wound infection Surgical of or relating to the process of performing a medical operation: of or relating to surgery. Wound an injury that is caused when a knife, bullet, etc., cuts or breaks the skin. Infection is the act or process of infecting someone or something: the state of being infected. The Oxford English Dictionary (OED) was also used to explore the definition. Surgical relating or used in surgery. Wound is an injury to living tissue caused by a cut, blow, or other impact, typically one in which the skin is cut or broken. Infection is the process of infecting or the state of being infected History of Surgical Wound Infection Hippocrates (Greek physician and surgeon, 460-377 BC),......

Words: 1509 - Pages: 7

Premium Essay

United States Surgical Corporation

...United States Surgical Corporation Prepared by Alex Gonzalez & Daniella Trinchet for Professor C.E. Reese in partial fulfillment of the requirements for ACC 540 – Fraud Examination School of Business / Graduate Studies St. Thomas University Miami Gardens, Fla. Term A7 / Fall, 2014 October 24th, 2014 Table of Contents Issues 1 Facts 2 Analysis 5 Conclusions/Recommendation 12 References/Bibliography 14 Issues 1. What audit procedures that, if employed by Ernst & Whinney during the 1981 USSC audit, might have detected the overstatement of the leased and loaned assets account that resulted from the improper accounting for asset retirements? 2a. For USSC to extend the useful lives of several of its fixed assets and adopt a salvage value for many of these same assets for the first time, are these changes permissible under generally accepted accounting principles? 2b. Assuming these changes had a material effect on USSC’s financial condition and results of operations, how should the changes have been disclosed in the company’s financial statements? 2c. How should these changes have affected Ernst & Whinney’s 1981 audit opinion? 3a. What are the common sized financial statements for USSC for the period 1979-1981? 3b.What are the results of computed key liquidity, solvency, activity and profitability ratios for 1980 and 1981? 3c. What are the high risk financial statement items for the 1981 USSC......

Words: 3583 - Pages: 15

Premium Essay

Meditech Surgical Case Study

...| Meditech surgical | | | 2/2/2015 | Case Study | | | Meditech surgical Case-Study Type A Introduction: Meditech is a major manufacturer and leader in endoscopic surgical instruments market, competing aggressively by introducing new products with enhancements to existing products. The growing market of endoscopic technology made Largo Healthcare, the parent company, to branch Meditech as an independent company. With this step, Meditech was highly successful in developing innovative low cost products, helping them in creating a market share of worth $800 million in a short span of time. On an average it introduced 12 or more products in any given year. Meditech’s aggressive sales force team was able to capture major market share by selling directly to hospitals, material managers and surgeons, unlike its major competitor, National Medical. The difference in its sales strategy, has helped Meditech to stand out in this market. Endoscopic instruments are not reusable by sterilization, and because of this reason hospitals require frequent replenishments, Bulk purchases they used group purchasing policies as it saved time taken for negotiations and money which in turn benefitted the suppliers too. Meditech thus maintained a production-line of approximately 200 end-products. The below flow charts models explains the distribution & internal operations of Meditech. Manufacturing Plant Central Warehouse Domestic Dealers International Dealers Dealers......

Words: 869 - Pages: 4

Premium Essay

Executive Sumary of Surgical Site Infections

...Executive Summary of Surgical Site Infections Patient safety and decreased mortality The data show that while the facility may be performing at optimum levels in some areas there are indications for significant improvement in other areas. 100% compliance in all areas will have positive benefits for the patient as well as for the hospital. The goal is to improve compliance in order to ensure patient safety and decrease mortality rates for surgical patients. Assessment Appropriate hair removal and normathermia are two areas that show consistent compliance. Maintaining current processes and procedures is recommended. While antibiotic selection was meeting the desired goal as set forth in the Surgical Care Improvement Project (SCIP) Inf-2, after May a significant decrease in compliance is noted. Use of prophylactic antibiotics prior to incision (SCIP Inf-1), stopping the antibiotic within 24 hrs. of surgery end time (SCIP Inf-3), beta blockers given during perioperative period (SCIP Card-2), recommended VTE prophylaxis ordered (SCIP VTE-1) and given within 24 hrs. prior through 24 hrs. after surgery (SCIP VTE-2) Corrective Action Plan The goal of the prophylactic antibiotic before and after surgery is to promote serum levels and gain bactericidal tissue. There is no known benefit for the patient to continue these antibiotics greater than 24 hrs. post-surgery (qualitymeasures.ahrq.gov, 2013). Physicians have been educated regarding the selection of antibiotics......

Words: 883 - Pages: 4

Premium Essay

Surgical Counts

...Informational Speech Making it count in surgery Purpose: To prevent retained items in Surgical Procedures Thesis: My goal is to inform my audience the importance of counting the instruments and sterile supplies for Surgical Procedures. Organizational Pattern: Topical I. Introduction A. Attention Getter: Have you ever heard of someone having a sponge left inside them from surgery? When this happens, it’s because staff did not count correctly. A retained object can cause a patient pain, severe infection, additional surgical procedures and even death. B. Relevance: According to Joint Commission statistics, Retained Surgical Items are the most reported sentinel events C. Credibility: I’ve been an Operating Room nurse for 22 years. In that time I have been a was a charge nurse for 6 years, O.R. Clinical Instructor for 8 years and have spent the past year as head nurse. D. Thesis: My goal is to tell you of the steps we take in surgery to prevent a Retained Surgical Item (RSI). E. Preview: Let me explain what puts the patient at risk for this adverse event and what steps we take to prevent harm to our patients. Transition: First you should know that unless the case is emergent, the Operating Room staff counts all of the items that will be used in a surgical procedure before that patient ever comes into the operating room. II. Body A. There are a few situations that we are aware of that......

Words: 965 - Pages: 4

Free Essay

Medical Surgical Nursing

..........182 Osteoporosis...................................................................................................................183 Treatment of Osteoporosis...................................................................................184 Gout ...............................................................................................................................184 Treatment of the Client with Gout .....................................................................185 Rheumatoid Arthritis .....................................................................................................186 Treatment of Rheumatoid Arthritis .....................................................................186 Musculoskeletal Surgical Procedures ............................................................................187 Fractured Hip and Hip Replacement ..................................................................187 Total Knee Replacement ......................................................................................188 Amputations..........................................................................................................189 Assistive Devices for Ambulation ..................................................................................190 Crutches ................................................................................................................190 Canes......................................................................

Words: 177674 - Pages: 711

Premium Essay

Meditech Surgical Case Paper

... Meditech Surgical Case Paper Professor Leon Powell ISCOM 476 June 11, 2012 Meditech Surgical Case Paper Meditech has a new medical device they are trying to sell to customers while also trying to meet the demands of their current products. The company has several issues including the customer service department, relationships with vendors and suppliers, warehouse locations, and distribution locations. Meditech does not have systems and procedures in place to handle customer complaints, create reports to accurately forecast for sales, and they do not have a good relationship with their supplier to understand the production process. There are several processes and procedures that need to be implemented to help Meditech turn the business around and become customer friendly and profitable (Simchi-Levi, 2008). Meditech’s Problems in Introducing New Products and ALL Products Meditech’s problem in introducing new products is they wanted to use brand naming as their marketing strategy. By using this marketing strategy Meditech thought they would be able to easily sell endoscopic medical devises. Meditech was not able to produce the medical equipment fast enough to meet customer demands. Meditech’s has an abundance of orders they cannot fill and the manufacturing time to make the medical devises continually increases. This has caused Meditech to not make their numbers in manufacturing and has caused poor customer service by not delivery the product when promised......

Words: 917 - Pages: 4

Orologio Casio Vintage Retrò Digitale Crono Luce A158WA-1DF | Jennifer Connelly | One Piece 884