Orthopedics has been a frontrunner in healthcare transformation, steadily pushing the boundaries of technology, care delivery, and reimbursement.
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.
How We Can Help
ECG’s orthopedic services experts use a multidisciplinary approach to understand each provider’s specific needs and focus on the critical intersection of vision and implementable reality to build solutions that meet the unique challenges our client face.
Our team has developed and implemented clinical and business operations to expand orthopedic ASCs to add total joints and spine and restructure payer contracts to enable migration of high-valued surgeries, generating millions of dollars of value for orthopedic ASCs.
Let’s Connect
Ready to learn more about what ECG can do for your organization?