Dumpster Fire Extraordinaire

Wow - ProCept got its own thread on CPharma...

Why? So everyone can talk about what a dumpster fire of an organization this is?

How terrible the product/procedure is?

Let's take a basic TURP and make it 25x more technical, tons of added steps, major capital investment, only to have it bleed way longer than a 1st year Med Student running an old ACMI Gyrus unit for the first time, lol.

Seriously - I personally know 5 reps who have worked here and left. Never heard a good thing about the company or the product.

 

Between the toxic culture that management has created and the ridiculously overpriced and over-engineered ‘TURP’ that hospitals absolutely hate but wait, we finally have some payer wins. Ha! What a joke. It’s a niche at best that is if you like having to admit TURP’s overnight for bleeding or perhaps some transfusions. The equipment is unreliable and the complications only add to the cost of adopting this ‘robotic program’.

 

It’s about time this Co made it onto cafe pharma. Word is already out about this place, even the reputable med device recruiters laugh about what a shit show Procept is. Sham-Wow Shiblaq is a complete joke in the industry. Not a single original thought from this guy and the nepotism runs rampant from the tools he’s hired as regional mgrs. and area directors to marketing and sales ops. He snowed the CEO when he was hired, little did they know he was unemployed and desperate.

 

If the product sucks so bad, why is the coverage so good?

 

What do you mean by coverage? Number of reps?

 

No managed care and Medicare.

 

I compete in this space and cover a 5-state territory. I literally do not know one urologist using this technology. Zero.

 

Looks like the naysayers left or got squeezed out a year ago. What a difference a year makes especially with the cynics gone and a whole new crew of folks with positive can-do attitudes now in place. Sales are exploding and the technique is poised to be come a standard of care technology. Those who went to work and not stand around and complain are making tons of cash love what their doing. Surgeon adoption has gained significant momentum. Publicly traded shares are stable to improving in a declining market. What's not to like? Patience, hard work and a positive attitude are always rewarded in the end.

 

Procept has definitely turned the corner. Many gave up too early but clinically meaningful innovation cannot be ignored regardless of what knuckle heads are running the company.

 

A year later and I still cover the same 5 states and do not know one single urologist using this technology. Competing technology and no one is using it. There must be "pockets" of usage...but none in my 5 state area.

 

What’s not to like?
1. Having to set up equip and break down this over-engineered TURP
2. Having to still do a second procedure (TURP) immediately afterward because Aquablation cannot stand on its own!!
3. Having to run CBI and keep patients in hospital longer than any other surgical BPH procedure
4. Having to explain to Hospital admin and bean counters that pass through is OVER in 2 months
5. Hearing OR nurses and techs bitch about what a pain in the @ss this procedure is

I’m outta here as soon as possible.

 

What’s not to like? Hmm….
1. That a secondary BPH procedure has to be done immediately following Aquablation because Aquablation can NOT stand on its own.
2. Having to keep patients on CBI and in hospital longer than any other surgical BPH procedure
3. Having to tell Hospital admin that Pass through is going away in 2 mos.
4. The length of time it takes to set up and breakdown this equipment
5. Hearing from OR nurses and techs how much they despise these cases

 

Assuming this company has turned it around? Clinical studies look good and the reimbursement sounds good. Capital reps averaging $500k is what I heard. Some over a million. Is that legit?

 

How is this product still on the market? Heard from a buddy whose relative almost died after this.

 

^this guy sells lasers

 

Only need to look at MAUDE site for the real story.
www.access data.fda.gov

 

Wow - you're not joking.

404 reports. I'm guessing that is quite under reported, the way most self-reporting systems are.

 

Damn, found some pretty shocking stuff on Maude fda site. Urologist must make big $$$ to take risks with patients like that.

 

Aquablation will be the gold standard for prostates in short order. Reimbursement is high, heat free and fast.