MITA Presents 2016 “Innovation Award” to Congressman Young

08.08.16

Innovation Award Recognizes Members of Congress for Championing Medical Innovation, Bolstering Job Creation and Improving Patient Care through Medical Device Tax Suspension

Washington, D.C. – The Medical Imaging & Technology Alliance (MITA) today presented Congressman Todd Young (R-IN) with a 2016 “Innovation Award” for championing medical innovation, bolstering job creation within the medical technology industry and improving patient care through support of the medical device tax suspension.

“We are pleased to honor Congressman Young for his work to enhance patients’ access to life-saving treatments in a state that leads in the field of medical technology,” said MITA Board Chairman Nelson Mendes, president and CEO of Ziehm Imaging Inc. “As a champion of medical imaging technologies that save millions of lives each year, Congressman Young provides support to thousands of American jobs across the medical technology sector.”

The MITA 2016 “Innovation Awards” recognize members of Congress who have demonstrated outstanding, ongoing efforts to promote innovation within the medical technology industry and improve patient care.

Congressman Young voted in favor of a two-year suspension of the medical device tax which went into effect on December 31, 2015. He currently represents Indiana’s 9th Congressional District in the United States Congress and serves on the House Ways and Means Committee which has jurisdiction over taxes, health care, Social Security, Medicare, international trade and welfare. Indiana’s medical imaging technology companies provide 910 jobs in the state.i

The American medical technology industry is a true economic success story, providing jobs for more than 400,000 people, paying out salaries that are 40 percent more than the national average ($58,000 vs. $42,000), and investing nearly $10 billion in research and development annually to advance patient care in the United States and around the world. The industry is fueled by innovative companies, the majority of which are small businesses, with 80 percent of companies having fewer than 50 employees.

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The Medical Imaging & Technology Alliance (MITA), a division of NEMA, is the collective voice of medical imaging equipment, radiation therapy and radiopharmaceutical manufacturers, innovators and product developers. It represents companies whose sales comprise more than 90 percent of the global market for advanced medical imaging technology. For more information, visit www.medicalimaging.org. Follow MITA on Twitter @MITAToday.

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i Employment Contributions of the Medical Imaging Technology Industry, Charles River Associates