In a recent article featured on Healio.com, Anthony A. Romeo, MD, references The OrthoForum;
The business of orthopedic care is managed by the health system, and at its discretion, information is shared to the department leadership. However, this information is often processed in a way that does not accurately provide a clear understanding of the balance sheet, usually focusing on the expense side but not the revenue side.
National physician specialty organizations, such as The OrthoForum whose membership includes the largest privately owned orthopedic practices in the United States, will de-identify and share data among the membership… With this information, it is then possible to recognize expenses that can be managed and reduced, such as moving outpatient surgical cases from the hospital setting to the ambulatory surgery center setting.
Romeo stresses that now more than ever is an opportune time to come together to define priorities and work towards representing the best interest of all practicing orthopedic surgeons. These efforts can provide care in the most appropriate environments, and at the highest value for patients.
