Orthopedic Specialty Care:
Changing Lives One Patient at a Time
Changing Lives One Patient at a Time
Medicare Will Drastically Cut Physician Pay, While Practice Expenses Continue to Rise
Source: Cost data is from the Medicare Economic Index (MEI), an index of practice cost growth by the Centers for Medicare and Medicaid Services. Both the Medicare Economic Index and Medicare physician pay cuts are reported in the 2007 Annual Report of The Board of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds.
The Need for Orthopedic Specialty Care
- A Growing Need for Specialty Orthopedic Care
- Millions of Americans Suffer From Bone and Joint Disorders
- Americans With Arthritis and Joint Pain
- 50% of Americans 65 and Over Will Experience Arthritis
- The Number of Americans Suffering From Arthritis Will Continue to Grow
- Bone and Joint Disorders Impair Daily Activities More Than Other Medical Conditions
- Demand for Total Joint Replacements Expected to Accelerate Through 2030
The Cost of Orthopedic Disorders
- 437 Million Work Days Lost (52%) Due to Arthritis and Bone Pain
- Earnings Loss for Persons Aged 18-64 with Bone and Joint Diseases and a Work History
- Cost of Bone and Joint Disease is Rising as a Percentage of U.S. GDP
- Prescription Medications for Bone and Joint Pain Increased over 50% from 1998-2004
Patient Access to Orthopedic Specialists
- As Demand for Care Grows, the U.S. Faces a Future Shortage of Physicians
- Orthopedic Surgeons per 100,000 Americans Growing at Only 1.1% per Year
- As Patients Approach Retirement Age, So Do Their Orthopedic Surgeons
- How Medicare Policies May Limit Access to Specialty Care
- Orthopedic Surgeons are Paid Less Today Than in 1992
- Medicare Will Drastically Cut Physician Pay, While Practice Expenses Continue to Rise
- Surgeons Who Perform Total Joint Replacement Have Been Hit Especially Hard
- Expected Future Cuts in Physician Fees
The Value of Orthopedic Surgery
- Knee Replacement Surgery Costs 66% Less Than Non-Surgical Intervention
- Patients Get Many More Quality Years After Knee Replacement Surgery Than With Non-Surgical Intervention
- Hip Replacement Surgery Costs 81% Less Than Non-Surgical Intervention
- Patients Get Many More Quality Years After Hip Replacement Surgery Than With Non-Surgical Intervention