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Healthcare's Hottest No. 35: Laser Spine Institute

By Modern Healthcare
Posted: September 28, 2013 - 12:01 am ET

What it does: Since 2005, the Laser Spine Institute has performed minimally invasive endoscopic procedures as an alternative to open-neck and back surgery. The company operates regional spine centers in Houston, Oklahoma City, Philadelphia, Scottsdale, Ariz., and Tampa, Fla.

How it grew to become one of healthcare's hottest: The Laser Spine Institute's endoscopic spine surgeries are an appealing option for a variety of patients, from young athletes to middle-aged workers to seniors, because they typically require a shorter recovery periods than traditional, more invasive neck and back surgeries. The procedures, which don't require a hospital stay, include treatment of common and often debilitating conditions such as herniated discs, pinched nerves and spinal stenosis.

Currently operating in five states, the company aims to grow a broader presence nationwide, Dotty Bollinger, president and COO, says in response to strong patient demand. “We continue to expect very significant growth in the next five years in taking a local look at nearly every state,” she says of the company's long-term goals.

35. Laser Spine Institute

Location: Tampa, Fla.

Top executive: Bill Horne, CEO

Number of employees: 603

Annual revenue (2012): $150 million

Compounded revenue growth (2007-12): 18.2%

Website: www.laserspineinstitute.com





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