In this episode Jamie Samath, Chief Financial Officer at Intuitive, discusses what hospital CFO partnerships, financial investment strategies, and trends to follow in the future. Don't miss this exciting episode. This episode is sponsored by Intuitive.
Summary
Improving Hospital CFO Partnerships with Intuitive CFO Jamie Samath
Intuitive CFO Jamie Samath sits down to discuss the ways Intuitive is improving hospital CFO partnerships, financial investment strategies, and future trends.
Introducing Jamie Samath, CFO of Intuitive
Intuitive's Chief Financial Officer Jamie Samath has been with the company for over a decade. Jamie regularly engages with hospital CFOs to better understand how Intuitive's technology is perceived and how to create better partnerships. In addition, Jamie stresses the importance of high-quality data and analytics to improve robotic-assisted surgery, a field where Intuitive excels.
Financial Investment Strategies
Intuitive partners with third-party leasing entities to help hospitals finance the acquisition of its robots. By refining its leasing program and adding a usage-based leasing model, Intuitive has given hospitals more options for financing. The usage-based model allows hospitals to match the cost of their Da Vinci program with their ramping and procedure volumes, allowing for quicker expansion of the program.
Trends to Follow
Intuitive expects to invest between 800 million and a billion in capital expenditures in 2023. They are also closely watching the trends in data and analytics to improve surgeries. Intuitive has seen significant growth in US general surgery, particularly in bariatrics, cholecystectomy, hernia repair, and colorectal surgery. Jamie is focused on continuing to improve minimally invasive approaches through imaging, applying machine learning and digital technologies, and expanding disease states and countries that have clearance for their newer single port and ion platforms.
Conclusion
Intuitive CFO Jamie Samath's insights showcase the ways in which Intuitive is moving forward in creating better hospital CFO partnerships, investment strategies, and trends to follow. With a focus on improving minimally invasive surgeries and investing in innovation and R&D, Intuitive plans to continue to revolutionize the field of robotic-assisted surgery.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 05/02/2023 and can be listened here.
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