Issue link: https://beckershealthcare.uberflip.com/i/1293265
35 PRACTICE MANAGEMENT Rothman Orthopaedics loses $120M in revenue during pandemic; end-of-year revenue expected to be down 20%-30% By Alan Condon R othman Orthopaedic Institute has lost $120 million in revenue during the COVID-19 pandemic and is anticipating revenue to be down between 20 percent and 30 percent by end of year, Burlington County Times reports. e Philadelphia-based practice racked up more than 4,000 backlogged cases with the elective surgery shutdown earlier in the year, which it has been addressing during the ramp-up period. Since reopening in the spring, Rothman Or- thopaedics has increased its surgical volume to 92 percent and new patient volume to 88 percent of normal volume. Currently, revenue is down 40 percent, Alex- ander Vaccaro, MD, PhD, the institute's pres- ident, told BCT. Dr. Vaccaro is forgoing his salary due to sev- eral cost-cutting measures the practice has implemented, which also include temporar- ily shutting down 12 offices and furloughing more than 700 employees. Although "things are looking better," Dr. Vaccaro told BCT that the group may cut more costs around services and personnel if the pandemic continues, including closing some of its offices. n 12 of the largest orthopedic practices in the US By Laura Dyrda Orthopedic practices continue to grow, even amid the pandemic. Here are the largest orthopedic practices in the U.S. by the number of physicians and surgeons: Rothman Orthopaedics (Philadelphia): 195 The Centers for Advanced Orthopaedics (Bethes- da, Md.): 165 Proliance Surgeons (Seattle): 142 OrthoCarolina (Charlotte, N.C.): 140 EmergeOrtho (North Carolina): 134 Illinois Bone & Joint Institute (Des Plaines, Ill.): 124 OrthoVirginia (Lynchburg): 114 Twin Cities Orthopedics (Minneapolis): 110 Resurgens Orthopaedics (Atlanta): 97 OrthoIndy (Indianapolis): 81 The CORE Institute (Phoenix): 73 Premier Orthopaedics (Newtown Square, Pa.): 73 n Rothman appoints Drs. Michael Smith, Eric Grossman to co-lead New York region By Laura Dyrda P hiladelphia-based Rothman Orthopaedics appointed two new leaders of its New York market, the practice an- nounced on June 25. Michael Smith, MD, and Eric Grossman, MD, will co-lead the prac- tice's growth in the New York region. Dr. Smith has more than a decade of experience practicing in New York and joined Roth- man last year. He will oversee the strategic initiatives and direc- tion for the region and serve as the Rothman Board of Council Administrator for the New York region. Dr. Grossman joined Rothman about 18 months ago and has built a relationship with the leadership team at New Hyde Park, N.Y.- based Northwell Health, which is Rothman's regional partner. He will be director of health system relations in the region and col- laborate with Northwell and its employed and affiliated practices directly to boost operational efficiency. "We felt it was important to split our previous leadership position in New York into two roles given the amount of work both entail," said Rothman Orthopaedics President Alexander Vaccaro, MD, PhD. "We've continued to grow in the New York market and feel that these two outstanding physicians put us in a strong position to exponen- tially improve operations and relationships in the area." Anthony Romeo, MD, previously led the practice's efforts in New York. n