Intuitive Surgical, Inc. (NASDAQ:ISRG) Q3 2023 Earnings Call Transcript

There are places where we think additional data, is required to get insurers to engage a little bit differently and open the market. And then lastly, there are new products and technologies that we’re working on that we are not yet described, that we think – allow us to provide new solutions that are competitive in the marketplace. Each of those operates on a little bit different time line. So it’s not – I can’t give you a simple synopsis of how fast each one runs. Some of them take a lot of years, some reimbursement things or long lead. A product development can be long lead. Other types of access can happen more quickly. But that’s a set of plans that we lay out. We’re pretty disciplined about laying out, what we want to do over time over a multiyear time horizon.

And that’s how, we start to open that market. That was our last question. In closing, we continue to believe there’s a substantial and durable opportunity to fundamentally improve surgery and acute interventions. Our teams continue to work closely with hospitals, physicians and care teams in pursuit of what our customers have termed the Quadruple Aim. There are more predictable patient outcomes, better experiences for patients, better experiences for their care teams and ultimately, a lower total cost of care. We believe value creation in surgery and acute care is foundationally human. It flows from respect for and understanding of patients and care teams, their needs and their environment. At Intuitive, we envision the future of care that is less invasive and profoundly better, where diseases are identified earlier and treated quickly, so patients can get back to what matters most.

Operator: Thank you, everyone. And that does conclude your conference. We do thank you for joining. You may now disconnect. Have a good day.