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40 Key Specialties Here are 18 things to know about anesthesia. 1. In May 2014, there were 30,060 anesthesiolo- gists working in America, according to the U.S. Bureau of Labor Statistics. Demographics e following are based on the Locum Tenens "Compensation & Employment Report 2014: An- esthesiology." 2. Board certified — 84 percent 3. Male — 84 percent 4. Hospital-employed — 37 percent 5. Group practice — 25 percent 6. Regional breakdown • Northeast — 30 percent • Southeast — 19 percent • Midwest — 22 percent • Southwest — 12 percent • West — 17 percent Compensation e following are based on the "Medscape An- esthesiologist Compensation Report 2015." 7. Compensation — $358,000; ranking fourth highest-paid specialty Compensation based on employment 8. Self-employed — $410,000 9. Employed — $318,000 Compensation based on practice setting 10. Office-based single-specialty group practice — $429,000 11. Hospital — $359,000 12. Outpatient clinic — $316,000 Anesthesia market 13. e U.S. general anesthesia drugs market is expected to experience rapid growth, accord- ing to a MarketsandMarkets report. Currently valued at $1.6 billion, the market is expected to reach $2 billion by 2020, growing at a CAGR of 3.8 percent. Major players operating in the market include AstraZeneca, Baxter and Hikma Pharmaceuticals. 14. The global anesthesia devices market is ex- pected to grow at a CAGR of 7.47 percent from 2015 to 2020, according to a Market Research Store analysis. An increasing number of surgi- cal procedures will drive the market, but a lack of trained anesthesiologists will be an obstacle to growth. The major players include Covi- dien, Dragerwerk, GE Healthcare and Phillips Healthcare. Independent anesthesia practices 15. With hospitals buying up physician practices le and right, anesthesia practices must decide whether independence or employment will yield better futures. According to Mark F. Weiss' blog post, "Anesthesia Group Mergers, Acquisitions and (Importantly) Alternatives," on Anesthesia Business Consultants, anesthesia practices only have their future cash flow to offer in sale. If anesthesiologists don't want to relinquish their private practice freedom in a sale, they can fight. Practices should strengthen relationships with all facilities to which they provide services, leaving no doubt that its anesthesiologists are the best. e focus of relationship-building should not only encompass more hospitals, but outpatient surgery centers as well. Bigger doesn't necessarily mean better, but it does mean power. Practices should also consider merging forces with other anesthesia practices to leverage better payer contracts. 18 Things to Know About Anesthesia By Megan Wood 900 Airport Road, Ste. 3B, West Chester, PA 19380 T: 484.887.8810 F: 800.493.0966 cs@centinelspine.com www.centinelspine.com LBL179/1 rev 1 HERITAGE IN INNOVATION SEM image of Ti-ACTIVE™ and human mesenchymal stem cell (hMSC) attachment and proliferation STALIF C-Ti™ with bridging bone at endplates at 5 weeks post- op MIDLINE II -Ti™ immediately post- op showing Ti-ACTIVE™ coating and endplate contact Visit Us At: CENTINELSPINE.COM STALIF C® STALIF C-Ti™ Anterior Cervical Systems MIDLINE II ™ MIDLINE II -Ti™ Anterior Lumbar Systems Advance to The Gold Standard in Integrated Interbody™ Technologies. Commit to STALIF® for all your anterior fusion procedures. CENT_Beckers_Ad_11-15_v3b.indd 1 10/8/15 9:25 AM