Outpatient is the Future of Total Joint Replacement

Ambulatory Surgery Centers are Paving the Way

Outpatient is the Future of Total Joint Replacement

 

Elective outpatient hip and knee replacements increased by 47 percent from 2012 to 2015, according to a study by Sg2. This insight is an early indicator that total joint replacements (TJR) are becoming more common in the Ambulatory Surgery Center (ASC) setting as a higher number of surgeons become experts on minimally invasive technology and pain management techniques for outpatient procedures.

Total joint surgeries moving toward outpatient can also be attributed to:

  • The transition to value-based care since ASCs are a high quality, low cost option
  • Insurance companies are more willing to cover outpatient TJRs
  • Studies show that patients who fit a particular criteria can achieve desired results in the outpatient setting

In this month’s newsletter, we’re peeling back the TJR outpatient trends, cost analysis, and how ASCs are taking a driver’s seat in the total joint arena.

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ASCs Bring Extra Value in Value-Based Care

Value-Based Care

Value-based healthcare is a delivery model in which providers are compensated based on patient health outcomes. Under value-based care agreements, providers (including hospitals and physicians) are recognized for helping patients improve their health, reduce the ramifications and incidence of chronic disease, and live a healthier lifestyle in an evidence-based process.

Value-based care is different from a traditional fee-for-service (FFS) approach. FFS providers are paid based on the amount of healthcare services they deliver. The “value” in value-based healthcare is derived from measuring health outcomes against the cost of delivering the outcomes.

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Streamlining Medical Equipment Processes with a Single Source

Doctor suggesting hospital program to patient

What are the benefits of using a single source vendor for purchasing medical equipment? This seems like an obvious answer for a common question, but the truth is, there is so much more to it than cost savings.

These days more than ever before, the Ambulatory Surgery Center (ASC) procurement team is under a lot of pressure to provide high quality equipment, within or under budget, while considering the needs (and opinions) of front line medical stakeholders.

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