ASC VS. HOPD
Average reimbursements for procedures done at hospital outpatient departments (HOPDs) are:
- 58% more expensive than those at ASCs or a physician office¹.
Average cost of a cataract excision with removal of lens²:
- ASC: $1,711, procedure without ECP
- HOPD: $2,748
THE COST OF CONSOLIDATION³
How it’s affecting ASCs and physician practices in 2024:
- 60%: Health systems that would consider a joint venture partnership with ASCs.
- 54%: Increase in physicians employed by hospitals, health systems and other corporate entities in 2024, compared to 2012.
- 46%: Increase in physician practices owned by those entities in 2024, compared to 2012.
- 1,941: Number of ASCs under partnership by a national operator in 2023—up from approximately 1,339 centers in 2011.
STATE OF THE HEALTHCARE JOB MARKET
In May 2024⁴.
- 1.63 million: Healthcare industry job openings.
- 801,000: Healthcare labor force hires.
- 39%: Percentage of physicians with side jobs⁵.
- 7.4: Overall score out of 10 the nurse practitioner role received, making it the “best” healthcare job⁶.
PRIOR AUTHORIZATIONS CRATE BARRIERS TO CARE⁷
- 94%: Physicians who believe prior authorizations always, often or sometimes delay patients’ access to necessary care.
- 19%: Physicians who had prior authorization delays lead to a serious adverse event, causing patient hospitalization.
ORTHOPEDIC SURGEON TRENDS BY THE NUMBERS
- $378,250: Average salary for orthopedic surgeons—$40,000 more than the average salary for all other surgeons⁸.
- $661,923: Median salary for orthopedic surgeons working in hospital settings⁹.
- 30%: Orthopedic surgery physician assistants experiencing at least one symptom of burnout.
GROWTH ON THE HORIZON¹⁰
- 22%: Projected growth in procedure volumes over the next 10 years.
- $43.1 billion: ASC market value in 2023.
- 1.2+ billion: ASC patient volume in June 2023.
- Endoscopy and ophthalmology: Top ASC specialties.
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[1] “HOPDs charge up to 58% more than ASCs,” Becker’s ASC Review, September 2023.
[2] Procedure price lookup tool, Medicare.gov.
[3] “5 numbers on ASC consolidation,” Becker’s ASC Review, July 2024.
[4] “Job Openings and Labor Turnover Survey News Release,” U.S. Bureau of Labor Statistics, September 2024.
[5] “Infographic: Side Gigs That Tempt Doctors, and Why,” Medscape, October 2023.
[6] “Best Health Care Jobs,” U.S News & World Report, 2024.
[7] “2023 AMA prior authorization physician survey,” American Medical Association, 2024.
[8] “5 numbers orthopedic surgeons are watching,” Becker’s Orthopedic Review, August 2024.
[9] “Orthopedic Surgeon Salary by Region, Practice & Subspecialty,” Physicians Thrive, June 2024.
[10] “2023 United States Ambulatory Surgery Center Market Report,” ResearchAndMarkets, December 2023.
