The latest trend garnering attention in the orthopedic industry is the performance of joint replacement surgery in an outpatient or pseudo-outpatient setting. Some of the reasons for this shift include the potential to avoid the bottlenecks and inefficiencies of an inpatient hospital scenario, reduce costs of the procedure overall, improve the patient experience, and create a competitive advantage through a cutting-edge approach.
Only a handful of hospitals currently provide outpatient joint replacement within their portfolio of orthopedic services; in fact, many hospitals and providers around the country are still learning about it. Depending on point of view, outpatient joint replacement can certainly be viewed as a competitive advantage or threat, especially since programs that provide these services are gaining market foothold, even hundreds of miles away.
Corazon believes that an outpatient joint replacement program can reap the benefits above, but only if built on the strengths of the entire clinical team, along with favorable market dynamics, demographics, and population health index. A market analysis and business plan can be an invaluable first step. Then, when moving forward, greater considerations emerge. Based on Corazon experience, successful programs have several key building blocks in common. [Read more…]