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  "documentTitle": "PROCEPT BioRobotics Corporation (PRCT)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2025-01-16 00:00:00",
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  "notes": "The slide uses a combination of AHRQ NIS data and Dowling (CMS) data to triangulate procedure volumes.",
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      "text": "Once again, this data suggests that the number of BPH resective procedures is much lower than the estimates advertised by Procept.",
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      "text": "Total Prostate Procedures: 66,010",
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      "text": "We acknowledge that the AHRQ data also has some exclusions and caveats and that the “weighted” figure is a statistical estimate. We compare the prostate procedure totals to the resective procedure volumes from Dowling’s analysis of Medicare Part B data from the previous page...",
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      "text": "Given the range of results (and potential undercounting) from the academic studies detailed on the previous page, we did an additional analysis of hospital discharge data from the Agency for Healthcare Research and Quality (AHRQ) National Inpatient Sample (NIS) database.",
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      "text": "Source: AHRQ NIS, “What Part B Data Reveal About BPH Procedure Usage”, Urology Times, Dowling, Spruce Point research",
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      "text": "Our Analysis Of AHRQ Discharge Data Yielded Similarly Low Resective Procedure Volumes",
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