IC 204-2022: The Business of Medicine: Hospital-Based, Academic, Private Practice – Learning How To Succeed-The Business of Medicine: Hospital-Based, Academic, Private Practice

The Business of Medicine: Hospital-Based, Academic, Private Practice – Learning How To Succeed (4/5)

Video Transcription

Video Summary

The video is a presentation about the current state of ambulatory surgery centers (ASCs) and the role they play in the healthcare market. The speaker discusses the benefits of integrating total joint and spine surgeries into ASCs, as well as the potential for ASCs to address challenges such as HR and reimbursement issues. The ASC market is experiencing significant growth, with projections showing an increase in revenue from $36 billion to $58 billion in five years. The speaker emphasizes the importance of ASCs in improving patient outcomes and satisfaction, highlighting lower complication rates and higher reimbursement rates compared to hospitals. The presentation also covers the barriers to entry for ASC ownership, including political obstacles and capital requirements. The speaker introduces private equity as a potential solution to address these challenges and create value through business models and top-line growth. The presentation concludes with the speaker stressing the need for orthopedic surgeons to adapt to changing trends and embrace consolidation and scale for the future of their practices.

Asset Caption

Louis McIntyre, MD

Keywords

ASCs

healthcare market

patient outcomes

reimbursement rates

private equity

orthopedic surgeons