Becker's ASC Review

42 Key Specialties Running an ASC is tough. Our experts can help. 5. Most orthopedics-driven ASCs have a high percentage of commercial payers in their pay- er mix. Facilities with greater than 50 percent of orthopedic case volume have the follow- ing average payer mix, according to the VMG Health study: • Commercial — 62 percent • Medicare — 17 percent • Worker's comp — 11 percent • Medicaid — 4 percent • Self pay — 2 percent • Other pay — 8 percent 6. Orthopedics is regularly ranked as a top-earn- ing specialty. Jackson & Coker's 2015 Physician Salary Calculator shows: Annual average compensation for full-time orthopedic surgeon: • National average compensation — $552,696 • Average benefits — $110,539 • Total average compensation — $663,235 • National average gross revenue per provider — $1,960,444 Hourly average compensation for full-time orthopedic surgeon: • National average compensation — $265 • Average benefits — $53 • Total average compensation — $318 • National average gross revenue per provider — $942 7. Orthopedist net worth is typically in the mil- lions, with 10 percent of orthopedic surgeons reporting net worth more than $5 million. Here are five statistics on orthopedic surgeon net worth from Medscape's Physician Debt and Net Worth Report 2015: • Under $500,000: 21 percent • $500,000 to $999,999: 16 percent • $1 million to $1.9 million: 26 percent • $2 million to $5 million: 27 percent • Over $5 million: 10 percent 8. e average medical resident salary for ortho- pedists in 2015 is $54,000, notes Medscape's Resi- dents Salary & Debt Report 2015. 9. Orthopedist pay varies across the country, but only slightly. In accordance with U.S. region, here is orthopedic surgeon compensation: • Northwest — $460,000 • Great Lakes — $457,000 • Southwest — $456,000 • South Central — $446,000 • Southeast — $432,000 • Mid-Atlantic — $416,000 • North Central — $410,000 • Northeast — $381,000 • West — $333,000 10. ere is also slight variation for pay among orthopedic subspecialties. Here is the median compensation for orthopedic subspecialists, ac- cording to an American Medical Group Associa- tion survey: • Foot and ankle — $505,606 • Hand — $513,864 • Pediatrics — $516,544 • Trauma — $540,197 • Sports medicine — $549,048 • Joint replacement — $563,896 • Oncology — $569,353 • Spine — $749,445 11. Orthopedics is among the five least popular healthcare specialties by average online ranking, according to a Vanguard Communications re- port. e study examined 28,000 online physician reviews. Orthopedists have an average rating of 3.59 out of five stars. 12. Orthopedic surgeons perform an average of 29 procedures per month, with full-time ortho- pedic surgeons performing 32 procedures per month and part-time orthopedists perform- ing six procedures per month, according to the 2014 Orthopaedic Surgeon Census by the American Association of Orthopaedic Sur- geons. 13. Wyoming, Montana, New Hampshire, Vermont and South Dakota have the highest density of orthopedic surgeons. Mississippi, Texas, Arkansas, West Virginia and Michi- gan have the lowest surgeon density, notes the AAOS census. 14. A number of hospitals, practices and manage- ment and development companies are focusing on establishing orthopedics-driven ASCs. Excel- sior Orthopaedics, based in Buffalo, N.Y., has bro- ken ground on its new, $9.5 million ambulatory surgery center in Amherst, N.Y. e facility could be completed as early as January 2016. Earlier this year, Orthopaedic Institute for Chil- dren in Los Angeles broke ground on a new ASC, which is expected to cost $10 million and span 13,000 square feet. 15. According to Luke Lambert, Ambulator y Surgical Centers of America CEO, special- ties like orthopedics and gastroenterology are facing challenges due to referral pattern changes. n For more information, visit www.beckersspine.com or call (800) 417-2035. June 9-11, 2016 • Swissôtel - Chicago, Illinois Becker's 15th Annual Spine, Orthopedic & Pain Management-Driven ASC Conference + The Future of Spine SAVE THE DATE Don't miss 124 Physician Speakers and 117 Sessions Keynote Speakers: Lou Holtz & Tucker Carlson

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