-3%: Orthopedic surgeons’ average annual salary decreased by 3% from 2023 to 2024. While the drop is not dramatic, it could signal future trends.
5,050: A deficit of over 5,000 orthopedic surgeons is expected to hit the U.S. in 2025.
2.83%: In November, CMS finalized a 94-cent (2.83%) conversion factor decrease from 2024. The physician fee schedule conversion factor for 2025 is $32.35, down from $33.29 in 2024. Physicians and medical groups have expressed concern over the decrease in reimbursements, sharing that year-over-year decreases are proving unsustainable for many.
56.5: The average age of orthopedic surgeons in the U.S. is over 55. With many surgeons reaching retirement age, shortages could worsen.
4%: Following private equity acquisitions, the expenditure per patient rises about 4% at orthopedic practices. Now, over 50% of orthopedic practices nationwide are backed by private equity partners. As this number continues to rise, so, too, could costs.
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.
