Consolidation has risen among orthopedic practices during the pandemic, with four supergroups of 100-plus physicians recently formed in Texas, Florida, Tennessee and New Jersey. More independent practices are considering such partnerships with like-minded groups to provide a launch pad for growth and guard against increasing administrative and economic hurdles.
The Western Reserve Port Authority approved issuing a revenue bond of up to $15 million to support the expansion of Youngstown (Ohio) Orthopaedic Associates, the Youngstown Business Journal reported April 20.
Parkview Health System's planned orthopedic hospital in Pueblo, Colo., is set to open by the end of August or early September, The Pueblo Chieftain reported April 22.
The migration of outpatient procedures, consolidation under orthopedic supergroups and innovative technologies were among the top trends surgeons credited with saving the specialty.
Shriners Hospitals for Children in Springfield, Mass., will close its remaining inpatient beds and convert to an outpatient clinic model, local NBC affiliate WWLP reported April 20.
Orthopedic physician pay escaped a two-year flatline, and the average annual incentive bonus has grown steadily since 2020, according to reports from Medscape.
Nashville, Tenn.-based Triumph Orthopedics is the latest private equity-backed support organization to enter the market, according to an April 18 news release.
Building an online presence and using patient engagement tools can help orthopedic practices and ASCs attract and retain patients, according to Daniel Chan, MD.
FFL Partners, the private equity organization that backs U.S. Orthopaedic Partners, has invested in Perlman Clinic, a primary and urgent care provider in San Diego.