The Business of Medicine: Hospital-Based, Academic, Private Practice – Learning How To Succeed (2021 Annual Meeting)-The Business of Medicine: Hospital-Based, Academic, Private Practice

The Business of Medicine: Hospital-Based, Academic, Private Practice - Learning How To Succeed-McIntyre

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Video Summary

The speaker discusses the growing importance of Ambulatory Surgery Centers (ASCs) in orthopedics, emphasizing control over ancillary services to enhance value amid declining CPT-based reimbursements. ASCs offer cost savings, efficiency, higher patient satisfaction, and autonomy compared to hospital settings. Despite barriers like high startup costs and regulatory hurdles, ASC usage is rising due to patient preference and payer incentives, especially for total joint and spine surgeries. Studies show outpatient procedures in ASCs yield better outcomes and lower complications. The trend is expected to grow rapidly, offering orthopedic surgeons a valuable opportunity to increase margins and maintain practice control while improving care quality.

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Dr. Louis McIntyre

Keywords

Ambulatory Surgery Centers

orthopedics

ancillary services control

outpatient procedures

total joint and spine surgeries