Why is Laser Spine Institute closing?

Laser Spine Institute closed its doors in March, claiming it was unable to attract financing to undergo Chapter 11 bankruptcy and continue operations. Laser Spine Institute also continued to provide large salaries and bonuses for executives as the company built up debt, according to the report.

Did Laser Spine Institute go out of business?

Fourteen years after opening, Tampa-based Laser Spine Institute shuttered in March 2019 following a series of financial blows and lawsuits that led to its eventual demise. But before its downfall, the company had achieved significant success.

Is Laser Spine Institute covered by insurance?

Laser Spine Institute’s services are covered by Medicare and Medicare replacement plans but only partially. Since Medicare will only cover the costs associated with our professional fees (for doctors, medical professionals and the procedure you received), Laser Spine Institute will bill Medicare for these costs.

Does laser spine therapy work?

Despite what you may have been told, laser spine surgery is not and was not a viable treatment for the majority of spine conditions. In fact, the laser scalpel is typically less effective and riskier than the traditional scalpel because of its heat, inability to handle corners or angles, and varying length.

Can laser surgery fix a herniated disc?

Laser surgery. Surgeons use lasers to remove portions of soft tissue that can compress nerves, such as ligament enlargement or herniated discs. However, lasers are only appropriate for certain conditions. They can help surgeons remove either tumors from the spinal cord or bone and soft tissue from around a nerve.

When did LSI close?

March 1, 2019
On March 1, 2019, the Laser Spine Institute (LSI) closed abruptly. Creditors of the company seized all the assets of the company and turned them over to an “assignee,” who will determine the value of the assets and try to sell them for the benefit of the creditors.

Does Bonati Institute take insurance?

The Bonati Spine Institute works with many insurance companies, each offering a variety of plans. As a service to our patients, we will verify all insurance coverage well in advance of scheduling any surgery and inform you of the exact extent of the coverage.

Is laser spine surgery better than traditional?

Doctors who support laser spinal surgery maintain it is more efficient, effective and gentle than traditional methods. The truth is, minimally invasive spine surgery (MISS) can be performed as effectively, and probably more effectively, without a laser.

Is laser treatment good for lower back pain?

In three studies, low-level laser therapy did show benefits in providing pain relief and improving disability in low-back pain patients compared with a sham laser treatment. However, the effects were small. Also, the types of laser, dose, frequency and number of treatments varied.

Can laser therapy make pain worse?

Laser treatment is relaxing — some people even fall asleep! On the other hand, it sometimes occurs that pain can increase or begin 6-24 hours after a treatment session. Pain may occur because the laser light begins the healing process.

How long is recovery from laser spine surgery?

You should make a full recovery within 6 weeks of the surgery. Patients can take some steps to ensure that they recover as quickly as possible after laser spine surgery.

Is there a Laser Spine Institute in Tampa FL?

Laser Spine Institute is a group practice with 1 location. Currently, Laser Spine Institute specializes in General Practice, Neurological Surgery, Orthopedic Surgery, Orthopedic Surgery Of Spine, Pain Management and Physical Medicine & Rehabilitation with 9 physicians.

When did the Laser Spine Institute shut down?

Laser Spine Institute Shuts Down March 02, 2019 By Pat Anson, PNN Editor The Laser Spine Institute, which once ran a nationwide chain of surgery centers that specialized in “minimally invasive” spinal procedures, has abruptly ceased operations due to financial problems.

Who was hit with malpractice lawsuits by Laser Spine Institute?

Although it claimed to have 98% patient satisfaction rate, the company was hit with dozens of malpractice lawsuits, including one by superstar wrestler Hulk Hogan, who claimed its treatments were ineffective and cost him $50 million in lost revenue. Hogan reportedly settled out of court for $10 million.

Why did the laser company in Tampa close?

Two local lawsuits provide the clearest picture yet of the forces that led the Tampa company to shut down, resulting in the loss of some 500 jobs. Documents detail a years-long legal battle among three business partners, a penchant for paying large executive salaries and bonuses, and a struggle against mounting debt. Another factor: ego.

What kind of pain does Laser Spine Institute treat?

Laser Spine Institute treated patients with neck and back pain caused by spinal stenosis, degenerative disc disease, pinched nerves, bone spurs, herniated discs, sciatica and other chronic conditions.