April 27, 2020

COVID-19 Heightens Focus on the Cost of Orthopaedic Care

Healthcare providers face tremendous costs caring for patients with COVID-19, while at the same time losing significant revenue due to the postponement of elective procedures. The current circumstances will require providers and surgeons to reassess where care is delivered and its associated costs, once procedures ramp up again.

Carolin LaWell of Bonezone

Healthcare providers face tremendous costs caring for patients with COVID-19, while at the same time losing significant revenue due to the postponement of elective procedures. The current circumstances will require providers and surgeons to reassess where care is delivered and its associated costs, once procedures ramp up again.

“I hope that this situation results in equivalent care at much cheaper costs,” said Peter Althausen, M.D., a trauma surgeon at Reno Orthopedic Clinic and Chair of The Orthopaedic Implant Company. “If we can keep people who aren’t sick out of hospitals and treat them with reasonably priced implants in a safe outpatient surgery with low infection rate and musculoskeletal-driven care, outcomes should be better, and they should be cheaper. Whether it’s a high-value implant or a high-value care delivery, that’s what we’re looking for.”

We spoke with Dr. Althausen about his experience in treating patients today as well as OIC’s approach to business. Two trends emerged from the discussion: one, a shift of orthopedic surgeries to ambulatory surgical centers, and two, scrutiny over implant utilization.

Dr. Althausen noted that there’s no timeline yet for the return of elective procedures in Reno. However, his surgery center and the city’s five hospitals are planning to perform surgery seven days a week.

Orthopaedic Implant Co.