Outpatient Surgery Magazine

OR Excellence Feel the Difference - 2014 Session Preview - June 2014

Outpatient Surgery Magazine, providing current information on Surgical Services, Surgical Facility Administration, Outpatient Surgery News and Trends, OR Excellence and more.

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1 0 O R E X C E L L E N C E. C O M S U P P L E M E N T T O O U T P AT I E N T S U R G E R Y M A G A Z I N E O N L I N E | J U N E 2 0 1 4 ders. The demand for TJR in this country is going to triple because of demographics. There also may be a market in medical tourism. In some countries total joints require a 5- to 7-day hospital stay. A lot of interna- tional patients are ready to pay to avoid that. We've seen that insurers and self-insured employers are extremely interested in this. We calculate that we've already saved our patients and their employers between $2 and $4 million, and we're just getting started. For patients and insurers, the implications are huge. Outpatient total knees cost between $13,000 and $15,000, about a third of what they cost in the hospital. For patients, that means their co-pay is one third of what it would have been. Surgeons and anesthesia providers don't receive any extra compensation, but they may attract more cases, since so many patients would rather recover at home than in a hospital. We've drawn patients from as far as 2 hours away. OSM K I C K E R 1406_ORX_guide_Layout 1 5/29/14 3:23 PM Page 10

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