Becker's Healthcare June 22, 2020
During the coronavirus pandemic, many orthopedic practices and ASCs temporarily halted elective procedures and transitioned to telemedicine for weeks, or months, until it was safe to resume procedures.
The American Alliance of Orthopaedic Executives reported that orthopedic practices on average dropped from 700 elective procedures per month to 273, a 61 percent decrease. Elective surgeries typically comprise around 73 percent of orthopedic practice volume and represent around $332,197 in monthly revenue; postponing those procedures has put significant financial strain on organizations across the nation.
However, many states are moving past the estimated peak of the COVID-19 pandemic and beginning to lift bans on elective procedures. Orthopedic surgeons are adapting to address their backlog of cases by utilizing ASCs and specialty...
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