The invention comprises an intramedullary fixation implant and a method for joining bones and translating compression between the bones for treating various digital deformities. The intramedullary fixation implant comprises a first fixation portion and a second fixation portion connected to the first fixation portion, wherein the second fixation portion comprises a first projection and a second projection separated by a slot, and wherein the first projection and the second projection comprise a plurality of barbs shaped and arranged along the first and second projections such that they cooperatively form a thread along the second fixation portion.