Becker's ASC Review

24 ORTHOPEDICS Musculoskeletal MSO with 150+ physicians launches in Maryland By Alan Condon M ore than 150 physicians affiliated with Bethesda, Md.-based the Centers for Advanced Orthopaedics have come together to launch MedVanta, the largest physician-owned musculo- skeletal management services organization in the U.S. CAO launched in 2013 and aims to use its experience in reducing operating expenses, improving patient experience and outcomes, and enabling technology to boost practice efficiency and help indepen- dent practices succeed in value-based care, according to a June 9 news release. MedVanta's launch was driven by the increase in healthcare costs, consolidation and more outside investors edging into the orthopedic landscape, according to Nicholas Grosso, MD, president of MedVanta and CAO. "When we launched CAO, it was in direct response to the headwinds facing private practice medicine, threatening its very survival. Since that point, those challenges have only accelerated," Dr. Grosso said in the release. "With the launch of MedVanta, we're offering our proven model to other like-minded physicians who want to remain indepen- dent to best serve patients. As a truly physician-owned company, we are not beholden to outside investor influence, and our leadership team shares a commitment to enabling superior, patient-first care." MedVanta said its primary objectives are to: • Retain independence • Improve patient experience and outcomes • Reduce costs, with 20 percent to 30 percent savings in supply costs and up to 40 percent malpractice savings • Increase revenue, with significant growth every year • Expand market share • Improve provider quality of life "We look forward to collaborating with the full healthcare ecosystem — payers, employers, health systems, primary and urgent care providers, medical device manufacturers, pharma and even medtech companies — to expand access to high-quality, cost-effective patient care through- out the communities we serve," Subir Jossan, MD, chief transformation officer of MedVanta and treasurer of CAO, said in the release. n Bon Secours plans 6-OR ASC with spine surgery By Alan Condon R aleigh, N.C.-based Compass Surgical Partners partnered with Bon Secours St. Francis Hospital in Greenville, S.C., and local physicians to offer ENT, spine and orthopedic procedures, including ro- botic joint replacements, according to a June 27 news release. Bon Secours St. Francis Hospital received a certificate of need to develop a 20,000-square-foot ASC with six operating rooms and two procedure rooms. The new ASC, Millennium Surgery Center, will be ac- credited by the Accreditation Association for Ambula- tory Health Care. The ASC is expected to open in 2024. n 5 statistics making orthopedic surgeons optimistic By Carly Behm A lthough orthopedic surgeons face many chal- lenges, there are also many numbers showing the specialty is growing stronger. Here are five statistics reflecting optimism in the ortho- pedic field: $557,000: The average pay in orthopedics is $557,000, according to Medscape's "Physician Compensation Re- port 2022." That's up 9 percent from $511,000 in 2021. 7.3 percent: The work relative value units between 2019 and 2021 grew more than 7 percent, according to a May 2022 MGMA report. 11 percent: The percentage of women in orthope- dics has grown to 11 percent since 2021, according to Medscape. In 2021, 9 percent of orthopedic physicians were women. $126,000: Orthopedic surgeons on average earn $126,000 in incentive bonuses, the highest among all specialties. $68.72 billion: The orthopedic implant market is grow- ing at a compound annual growth rate of 5.4 percent and is expected to reach $68.72 billion by 2028, ac- cording to data published in Brand Essence Market Research. The rise in orthopedic injuries and musculo- skeletal diseases and an aging population are factors driving the growth of the market. n Image Credit: Adobe Stock

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