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. 2020 Jul;35(7S):S32-S36.
doi: 10.1016/j.arth.2020.04.038. Epub 2020 Apr 18.

Economic Recovery After the COVID-19 Pandemic: Resuming Elective Orthopedic Surgery and Total Joint Arthroplasty

Affiliations

Economic Recovery After the COVID-19 Pandemic: Resuming Elective Orthopedic Surgery and Total Joint Arthroplasty

Casey M O'Connor et al. J Arthroplasty. 2020 Jul.

Abstract

Background: The economic effects of the COVID-19 crisis are not like anything the U.S. health care system has ever experienced.

Methods: As we begin to emerge from the peak of the COVID-19 pandemic, we need to plan the sustainable resumption of elective procedures. We must first ensure the safety of our patients and surgical staff. It must be a priority to monitor the availability of supplies for the continued care of patients suffering from COVID-19. As we resume elective orthopedic surgery and total joint arthroplasty, we must begin to reduce expenses by renegotiating vendor contracts, use ambulatory surgery centers and hospital outpatient departments in a safe and effective manner, adhere to strict evidence-based and COVID-19-adjusted practices, and incorporate telemedicine and other technology platforms when feasible for health care systems and orthopedic groups to survive economically.

Results: The return to normalcy will be slow and may be different than what we are accustomed to, but we must work together to plan a transition to a more sustainable health care reality which accommodates a COVID-19 world.

Conclusion: Our goal should be using these lessons to achieve a healthy and successful 2021 fiscal year.

Keywords: COVID-19; econonomics; elective orthopaedic surgery; patient demand; technology and innovation; volume.

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Figures

Fig. 1
Fig. 1
6 economic pillars required for the successful implementation of sustainable elective orthopedics. ASC, Ambulatory surgical center; HIPPA, Health Insurance Portability and Accountability Act; TJA, total joint arthroplasty; US-SBA, United States Small Business Administration.
Fig. 2
Fig. 2
Projected gross profit with adjusted and fixed overhead costs using assumptions presented in Table 1. The projected 25% reduction in overhead costs can be achieved with the implementation of pillar V, via the renegotiation for essential disposables (eg, implants), office space, and imaging equipment, while temporarily eliminating nonessentials (eg, robotics, navigation systems, custom implants, radiofrequency sealant devices).

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