Tactile Systems Technology, Inc..
TCMD.US | Manufacture of medical and dental instruments and supplies
Tactile Systems Technology, Inc. is a medical technology company focused on developing and marketing innovative medical devices for the treatment of chronic diseases at home. The company's primary focus is on lymphedema and chronic venous insufficiency. Their key products include pneumatic compressi...Show More
Better Health for All
0
Insufficient evidence to determine a value score for Tactile Systems Technology, Inc. regarding Better Health for All. No articles or relevant information found. A neutral score of 0 is assigned.
Materiality Analysis: Company Summary (75-100 words): Tactile Systems Technology, Inc. is a medical technology company focused on developing and marketing pneumatic compression devices for the treatment of chronic diseases such as lymphedema and venous disorders. Their primary products include the Flexitouch Plus and Entre Plus systems, along with the Nimbl platform and AffloVest. They also offer the Kylee mobile application to support patient education and treatment tracking. The company operates primarily in the United States, providing at-home treatment solutions for underserved patient populations.
Peer Comparison (50-75 words): Compared to peers in the medical device industry, Tactile Systems Technology aligns with the "Better Health for All" value by providing devices that address chronic conditions and enable at-home treatment. This approach can improve access to care, particularly for patients with limited mobility or those in underserved areas. Other medical device companies may focus on different aspects of healthcare access, such as diagnostic tools or surgical interventions.
Materiality Assessment (1-2 clear sentences): Tactile Systems Technology's business model is fundamentally supportive of the "Better Health for All" value, with a high level of materiality, as its core products directly address chronic conditions and improve access to at-home treatment.
Detailed Rationale (150-200 words): Tactile Systems Technology's focus on developing and providing medical devices for chronic conditions like lymphedema and venous disorders directly contributes to improved health outcomes. The company's products, such as the Flexitouch Plus and Entre Plus systems, are designed for at-home use, which enhances accessibility for patients who may have difficulty accessing traditional healthcare settings. The Kylee mobile application further supports this value by providing patients with education and tools to manage their condition effectively. Furthermore, the AffloVest product line addresses respiratory conditions, expanding the company's impact on overall health. While the company's operations are primarily in the United States, its focus on underserved chronic diseases aligns with the goal of reducing health disparities. The company's commitment to innovation in medical devices also suggests a potential for future advancements that could further improve healthcare access and outcomes.
Value Interaction Notes (if applicable, 25-50 words): N/A
Scoring Boundary Flags (if applicable, 25-50 words): Scores at the very low end of the spectrum would be illogical, given the company's core business of providing medical devices for chronic conditions. A score below 4 would be difficult to justify.
Fair Money & Economic Opportunity
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Tactile Systems Technology, Inc. is a medical technology company that develops and markets medical devices, not a financial institution offering lending or deposit services.
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Therefore, most KPIs related to 'Fair Money & Economic Opportunity' are not applicable to its core business model. The company does not offer consumer credit products, nor does it generate revenue from high-cost financial products or penalty fees.
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It does not manage customer financial data, provide debt products, or operate financial service access points.
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There is no evidence of financial literacy programs or profit reinvestment in community finance.
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While the company serves patients with 'underserved, chronic conditions' and a portion of its revenue comes from VA and Medicare clients, this relates to healthcare access rather than financial inclusion initiatives as defined by the rubric.
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Allegations of illegal kickback schemes and false claims relate to healthcare fraud, not unfair lending practices.
6
Fair Pay & Worker Respect
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No evidence available to assess Tactile Systems Technology, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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The company states it prohibits human trafficking, exploitation, forced labor, and slavery in its operations and supply chain.
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It also surveys and audits suppliers to confirm conformity with its Supplier Code of Conduct and commits to working with suppliers to address identified gaps.
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However, the provided articles do not contain specific quantitative data points for any of the ethical sourcing KPIs, such as the percentage of fair-trade certified spend, audit frequency, number of forced or child labor incidents, traceability coverage, remediation speed, percentage of contracts with ethical clauses, share of high-risk materials, or supplier diversity spend.
Honest & Fair Business
-50
Tactile Systems Technology, Inc. prohibits retaliation for reporting unlawful conduct and provides a compliance hotline for anonymous, confidential reports.
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However, there is no evidence of independent investigation processes, training frequency, or program effectiveness. The company has implemented policies and procedures regarding the Anti-kickback Statute, False Claims Act, Sunshine Act, and Foreign Corrupt Practices Act, prohibiting bribes and kickbacks.
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While an FCPA-compliant policy is in place, the frequency of training and effectiveness metrics are not specified.
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The company's quality management system has been certified to ISO 13485:2016 and received Medical Device Single Audit Program (MDSAP) certification, renewed in 2024.
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However, this certification covers quality management, not the broader extent of independent verification of ethical claims.
Kind to Animals
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No evidence available to assess Tactile Systems Technology, Inc. on Kind to Animals.
No War, No Weapons
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No evidence available to assess Tactile Systems Technology, Inc. on No War, No Weapons.
Planet-Friendly Business
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No evidence available to assess Tactile Systems Technology, Inc. on Planet-Friendly Business.
Respect for Cultures & Communities
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The company provides a Compliance Hotline for anonymous, confidential reports and allows reports to be made to the Chairman of the Audit Committee, VP & Compliance Officer, or other appropriate contacts.
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This constitutes a standard grievance process. No specific, concrete evidence was found for any other KPIs related to 'Respect for Cultures & Communities'.
Safe & Smart Tech
-30
Tactile Systems Technology, Inc. has reported no material data breaches to date.
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The company provides security awareness training for all new hires and existing staff, including annual refresher training and periodic bulletins, with monthly email testing and performance reporting for evaluations.
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For user data control, California residents have rights to know, delete, and correct information, and can request restrictions on data use, confidential communications, and review/copy records.
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However, the company retains personal information as long as there is a legitimate business need or as required by law, with no specific retention periods mentioned beyond 1-2 years for most data.
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Vulnerability management includes monthly assessments and annual penetration testing, with critical vulnerabilities patched within 21-30 days on average.
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Security testing coverage is limited to annual penetration testing of the enterprise environment and products, without specifying the percentage of systems covered.
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The company demonstrates compliance with the California Consumer Privacy Act (CCPA) and the Health Insurance Portability and Accountability Act (HIPAA).
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Zero Waste & Sustainable Products
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No evidence available to assess Tactile Systems Technology, Inc. on Zero Waste & Sustainable Products.