What you should know:
1. Orthopedics utilization dropped 58 percent from March 2019-20, and revenue based on total allowed amounts was down 59 percent.
2. The specialty’s utilization fell 65 percent from March 2019 to April 2020, with revenue based on total amounts still down 59 percent.
3. The decline in utilization and revenue for orthopedics represented over half of the specialty’s volume and reimbursements.
4. In January, total knee and hip replacements “ranked high” in the top five orthopedic procedures by total estimated allowed amounts. By April, the CPT codes for these procedures dropped from the top five entirely.
Click here to view the full report.
More articles on spine and orthopedics:
Medtronic’s pipeline includes spine, robotics innovations despite pandemic setbacks
3 spine, neurosurgery device recalls in the past year
Aetna to cover sacroiliac joint fusion under new policy
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
