Innovative Prosthetics

What Innovative Prosthetics does

Innovative Prosthetics & Orthotics is a privately held, founder-led Durable Medical Equipment clinic group operating three locations in Hastings, Omaha (on the University of Nebraska at Omaha campus), and Grand Island, Nebraska. Founded in 2006 by CEO Rakesh Srivastava, a Certified Prosthetist and Orthotist (CPO) and 42-year prosthetic user, the company provides custom prosthetic limbs, orthotic devices, cranial remolding helmets, post-mastectomy products, pneumatic compression therapy, and durable medical equipment to amputees, pediatric patients, post-mastectomy patients, and individuals with orthopedic, neurological, and diabetic conditions across Nebraska.

The clinic's core technology combines traditional craftsmanship with digital fabrication: a state-of-the-art onsite fabrication lab at each location, 3D scanning via the RODIN system (accurate to within one millimeter for pediatric fittings), 3D printing of test sockets, and integration of premium microprocessor-controlled and myoelectric components from third-party manufacturers including Ottobock (Michelangelo Hand, C-Leg, Genium), Touch Bionics (i-limb Quantum, i-Digits Quantum), Endolite (élan), Orthomerica (STARband), and Boston Band. The firm holds an exclusive Nebraska license for the Dynamic Movement Orthosis (DMO) used in neurological dysfunction treatment.

The business is a fee-for-service healthcare provider reimbursed primarily through Medicare Part B and commercial insurance, with CareCredit financing offered to patients and free initial evaluations used as a patient-acquisition lever. Marketing and demand generation flow through physician referrals, in-network insurance participation, social media, and educational content. There are no disclosed funding rounds, institutional investors, or M&A activity; ownership and operations remain concentrated with the founder and a small bench of credentialed clinicians and technicians.

Name

Innovative Prosthetics

Legal name

Innovative Prosthetics & Orthotics

Website

https://innovativeprosthetics.net

Company type

Private

Founded year

2006

Operating status

Operating

Short description

Innovative Prosthetics & Orthotics is a Nebraska-based, founder-led DME clinic operating three locations in Hastings, Omaha, and Grand Island that provides custom prosthetics, orthotics, cranial helmets, post-mastectomy products, and related services to amputees, pediatric patients, and chronic-care populations statewide.

Ownership category

akta.pro rank

Product category

Prosthetics and Orthotics Healthcare Services

NAICS

Surgical Appliance and Supplies Manufacturing (339113)

SIC

Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842)

akta.pro primary industry

Limb Prosthetics (Upper/Lower Extremity Prosthetic Systems) (HLAHAEAH)

akta.pro secondary industries

Prosthetic Components & Rehabilitation Accessories (Liners, Feet, Knees, Sockets) (HLAHAMAD), Orthotics & Bracing (AFO/KAFO, Spinal, Soft Goods Supports) (HLAHAMAC), Orthotics & Bracing (Spinal/Lower/Upper Extremity Orthoses) (HLAHAEAI)

Keywords

• Prosthetic devices
• Orthotic services
• Durable medical equipment
• Custom prosthetic fabrication
• Post-mastectomy products

Headquarters

HQ city

Omaha

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Prosthetic Services: Custom prosthetic limbs and components provided to patients, billed through insurance, Medicare Part B, or direct patient payment. Services include fitting, fabrication, adjustments, and follow-up care.
2. Orthotic Services: Custom orthotic devices including braces, cranial helmets, spinal supports, and footwear. Billed through insurance or Medicare with prior authorization support provided by office staff.
3. Durable Medical Equipment (DME): Sale of medical equipment including walkers, rollators, crutches, shower chairs, compression garments, and braces. Equipment is billed through insurance or direct purchase.
4. Post-Mastectomy Products: Breast prostheses, mastectomy bras, and compression garments provided with individualized fitting services. Covered by most insurance providers and Medicare.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Innovative Prosthetics & Orthotics is a Durable Medical Equipment clinic that designs, fabricates, and fits custom prosthetic limbs, orthotic devices, cranial remolding helmets, diabetic footwear, and post-mastectomy products for patients across Nebraska. The clinic operates three locations (Hastings, Omaha, Grand Island) with onsite fabrication labs, handles insurance/Medicare billing, and offers free initial evaluations for new patients.

Product overview

Innovative Prosthetics & Orthotics is a prosthetics and orthotics clinic offering a comprehensive portfolio of products and services across three Nebraska locations. Their prosthetic offerings include upper extremity solutions (Michelangelo Hand, i-Digits Quantum, i-Limb Quantum, i-Limb Ultra Revolution) and lower extremity solutions (Genium Bionic System, C-Leg Microprocessor Knee, élan foot). Orthotic services encompass cranial helmets (STARband), pediatric orthotics, scoliosis bracing, spinal solutions, diabetic footwear, and post-mastectomy products (breast prostheses, bras, compression garments). The company also provides pneumatic compression pump therapy for lymphedema and durable medical equipment. Their offering is structured as a service-based clinic model with associated prosthetic and orthotic products, not a unified software platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Upper Extremity Prosthetics

Quantifiable outcome

• Pediatric patients require new sockets and modifications at least once a year with evaluations every six months
• +2 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Ottobock (Michelangelo Hand)coreTechnology or IntegrationProvider of advanced prosthetic components including the Michelangelo Hand, a myoelectric prosthetic hand with innovative gripping kinematics and four movable fingers with independently positionable thumb.
• Touch Bionics (i-limb, i-digits)coreTechnology or IntegrationProvider of i-limb quantum and i-digits quantum myoelectric prosthetic hands featuring patented i-mo technology for gesture-based grip changes, bluetooth-enabled grip chips, and variable speed and power capabilities.
• Endolite (élan)coreTechnology or IntegrationProvider of élan microprocessor-controlled hydraulic foot with real-time simultaneous adjustments for smoother gait on various surfaces and changing speeds.
• Orthomerica (STARband)coreTechnology or IntegrationProvider of STARband cranial remolding orthoses (helmets) for treatment of plagiocephaly, brachycephaly, and scaphocephaly in infants.
• Medicare Part BcoreOthersFederal health insurance program covering 80% of fee schedule for covered prosthetic and orthotic services after annual deductible is met. No caps on types of technology covered when medically appropriate and physician-prescribed.
• University of Nebraska at Omaha (UNO)coreStrategic or Co-development PartnerFounder Rakesh Srivastava serves as Adjunct Faculty and member of the University's research team on the Cyborg Beast program, developing affordable 3D-printed prosthetic hands.
• Revolution WrapsminorStrategic or Co-development PartnerLocal Nebraska company offering custom brace designs at no additional charge for scoliosis brace patients, allowing personalization of bracing treatment.
• Boston Band / Boston BracecoreTechnology or IntegrationProvider of Boston Brace system for scoliosis treatment, one of the most common Thoracolumbosacral Orthosis (TLSO) braces used for curves between 20-45 degrees Cobb angle.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Hanger Clinic: The largest U.S. operator of patient-care clinics offering custom prosthetic and orthotic services, with hundreds of locations nationwide. Directly comparable service mix (prosthetics, orthotics, cranial, post-mastectomy) but at vastly greater scale and capital base than Innovative Prosthetics.

Direct peers

• Scheck & Siress: Mid-size U.S. P&O clinic group offering custom prosthetics, orthotics, and pedorthics with multiple clinic locations. Closely aligned business model (clinician-owned, multi-location, insurance-billed) and similar product breadth to Innovative Prosthetics.
• Ability Prosthetics & Orthotics: Independent, multi-clinic U.S. P&O provider offering custom prosthetics and orthotics with onsite fabrication. Comparable in scale, owner-operated model, and clinical focus on amputee and orthotic patient populations.
• Fourroux Prosthetics: Multi-clinic U.S. prosthetics specialist focused on upper- and lower-limb prosthetic care with onsite fabrication. Comparable operating model and product mix, particularly in advanced microprocessor and myoelectric components.
• Yanke Bionics: Independent, multi-state P&O clinic operator in the Midwest offering custom prosthetics, orthotics, and mastectomy services. Closely comparable geographic positioning (Midwest, multiple clinics, similar patient mix) to Innovative Prosthetics.
• Snell Prosthetic & Orthotic Laboratory: Mid-size independent P&O clinic group with multiple locations offering custom prosthetic and orthotic devices. Comparable owner-operated, multi-site clinical model with insurance and Medicare billing.

Others

• Ottobock: Global manufacturer of prosthetic and orthotic components (Genium, C-Leg, Michelangelo Hand) that Innovative Prosthetics distributes and fits. Adjacent participant in the same patient care pathway and a key technology supplier to the clinic.
• Össur: Global manufacturer of non-invasive orthopedics including prosthetics (Rheo, Cheetah) and bracing. A broad incumbent supplying many of the same component categories (microprocessor knees, feet, braces) used in Innovative Prosthetics' fittings.
• Fillauer: U.S.-based manufacturer of prosthetic and orthotic components with a clinical and education focus. A component-level peer and supplier ecosystem participant overlapping with Innovative Prosthetics' prosthetic fabrication workflow.

Regional players

• Midwest Prosthetics & Orthotics: Regional U.S. P&O clinic serving Midwest communities with custom prosthetic and orthotic services. Comparable independent, multi-clinic service model in a similar geographic corridor to Innovative Prosthetics' Nebraska footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/InnovativeNebraska
• LinkedInlinkedin.com/company/innovativeusa
• Instagraminstagram.com/innovative.prosthetics

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Innovative Prosthetics