“The Toothpaste is Out of the Tube,” and Health Care Providers are Benefitting.
On October 17, 2018, I attended my first Leadership Raleigh session, which gave me an in-depth look at the local economy. Adrienne Cole, the President and CEO of the Greater Raleigh Chamber of Commerce, described the progress of Raleigh’s local economy by saying “the toothpaste is out of the tube.” Raleigh routinely appears on lists such as the best city in which to live and the best place to raise a family. Such increased publicity, however, is not only good for local restaurants and retailers. Raleigh’s success also benefits health care providers by attracting companies developing cutting edge technology and enabling local providers to have access to the newest and most advanced medical technology.
Healthcare and social assistance and professional, scientific, and technology services make up the largest industries in Raleigh, accounting for 25% of the local jobs. The Triangle is home to three major research universities: UNC Chapel Hill, NC State, and Duke University. The talent coming out of those universities is large draw for corporations determining where to call home. With multiple top-notch teaching hospitals and one of the best engineering programs in the nation, the Triangle is a natural home for medical device, biotechnology, and pharmaceutical companies.
Intuitive Surgical, a corporation that develops, manufactures, and markets robotic products designed to improve clinical outcomes of patients through minimally invasive surgery, is an example of one of these companies. It has an engineering office at N.C. State’s Centennial Campus and recently expanded to a space in Durham. In part, Intuitive decided to expand to Raleigh due to the Triangle’s successful technology and medical industries. Intuitive created the da Vinci Robotic Surgical System, enhancing minimally invasive surgical techniques and minimizing the physical and emotional impact of surgery on patients. Intuitive invited local surgeons and hospital administrators to test its robotic devices, which are used by surgeons in all 50 states and 66 countries worldwide, giving them a unique opportunity to examine the latest advancements in medical technology. Intuitive is not alone in the Triangle’s medical technology market however. The Triangle is also home to TransEnterix, another medical device company that develops and manufactures robotic surgical systems. GSK, a leading pharmaceutical company, also has an office in the Triangle. These companies are a few among many in the medical technology industry located in area.
As talent from the major universities continues to drive the local economy, Raleigh will remain an attractive location for companies developing the latest and greatest medical innovations. This will allow our local health care providers to have access to the best resources and enable them to provide the best care possible.
About Madeleine M. Pfefferle
Maddi is an attorney at Young Moore and defends health care providers in medical malpractice actions in North Carolina Superior Court and in Section 1983 civil rights litigation in federal court. She is a graduate of the University of Maryland and the University of North Carolina School of Law. Contact Maddi at (919) 861-5031 (firstname.lastname@example.org).