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1、2005 Annual ReportA New Level of Freedom States with 20 or more Hanger Patient Care Centers States with fewer than 20 Hanger Patient Care Centers Distribution Center Corporate Headquarters624 Patient Care CentersCorporate ProfileGeographic Profile Hanger Orthopedic Group,Inc.,headquartered in Bethes
2、da,Maryland,is the worlds premier provider of orthotic and prosthetic patient-care services.Hanger is the market leader in the United States,owning and operating 624 patient-care centers in 45 states and the District of Columbia,with 3,319 employees including 1,021 practitioners.Hanger is organized
3、into four business units.The two key operating segments are patient-care,which consists of nationwide orthotic and prosthetic practice centers,and distribution,which consists of distribution centers managing the supply chain of orthotic and prosthetic componentry to Hanger and third-party patient-ca
4、re centers.The third unit is Linkia,which is the first and only managed care organization for the orthotics and prosthetics industry.The fourth unit is Innovative Neutronics,which introduces emerging neuromuscular technologies developed through independent research in a collaborative effort with ind
5、ustry suppliers worldwide.Our business continues to operate in a very challenging environment.From a reimburse-ment perspective,we were in the second of a three year fee schedule“freeze”mandated by Medicare.On the competitive front,other healthcare professionals and equipment suppliers are targeting
6、 segments of our patient base.To ensure the well-being of all patients,CMS in their draft quality standards,has included accreditation and licensing requirements for the providers of certain O&P procedures.We must wait to see the outcome of this legislation.Finally,we have experienced cost increases