Advances in orthopedics have disrupted a main revenue source for hospitals at a time when margins are shrinking. Less-invasive surgeries, improvements in pain management, consumerism, and payer pressures have been catalysts for the migration of high-volume, revenue-generating surgeries from the inpatient setting to ambulatory surgery centers (ASCs).
At the same time, advances in technology and innovative care models present new opportunities for expanded service offerings and new partnerships. The challenges of navigating this environment are considerable, and organizations that proactively address the changes are the most likely to thrive.
We support lead orthopedic engagements in:
- Orthopedic Strategic Planning: Service line leaders must broaden their understanding of what it means to develop a destination program that incorporates outpatient and ambulatory sites, investments in telemedicine, and expansion of digital health solutions.
- Physician Alignment and Partnership Planning: New partnerships with physician groups can build multifaceted orthopedic destination programs to better compete in an evolving world.
- System-wide Service Line Rationalization: Orthopedic providers must assess their patient populations to determine what programs are needed and where in order to appropriately allocate resources and maintain sufficient volumes, revenue, and quality.
- Performance Improvement and Transformation: Initiatives to transform and optimize operations and revenue cycles are as essential to orthopedics as expanding services. No organization can thrive without achieving operational excellence.