Outpatient Total hip and Knee Replacement – Cost saving benefits to our healthcare system

Adult Joint Replacement surgery, specifically total and partial knee replacement as well as hip replacement, is on the rise. More patients ages 35 to 64 are undergoing planned knee or hip replacement today, then ever before. According to an article by Blue Cross Blue Shield, approximately 47 percent of total orthopedic care spending in 2017 was from a planned procedure. The main reason for this drive in spending is from the increasing amount of knee and hip replacement surgeries from 2010 to 2017. During those years, there have been over 33 percent more planned hip replacements and over 17 percent more planned knee replacements. Trends in cost and quality care for these surgeries have been examined for the past 9 years to collect data in order to determine whether outpatient or inpatient care is considered best.

Inpatient and Outpatient Surgical Comparison:

Inpatient Surgeries

• Average cost for a knee replacement is $30,249
• Average cost for a hip replacement is $30,685
• Over the past 8 years, complication rates for knee procedures have gone down 29%
• Over the past 8 years, complication rates for hip procedures have gone down 32%
• Average length of stay has lowered in the past ten years
• Prices continue to rise for both knee and hip surgeries

Outpatient Surgeries

• Average cost for a knee replacement is $19,002
• Average cost for a hip replacement is $22,078
• Patients save on average 30-40% on outpatient surgeries
• Lower complication rates than in an inpatient setting
• Over the past 4 years, complication rates for knee procedures have gone down 23%
• Over the past 4 years, complication rates for hip procedures have gone down 36%
• Only 11% of eligible patients are utilizing outpatient knee surgery services
• Only 8% of eligible patients are utilizing outpatient hip surgery services

In addition to our primary goals of treating patients safely and effectively, we also aim significantly contribute to the overall reduction in healthcare costs in general. Our vast experience in total joint replacement procedures allows us to treat most of our patients in an outpatient setting. This means that not only do our patients benefit from reductions in cost, but also more broadly so do insurance carriers and hospitals as well. We are proud to be able to make these kinds of contributions at Outpatient Joint Replacement Center of America

If you have any questions as to whether outpatient total knee replacement or outpatient total hip replacement could be the right option for you, please do not hesitate to contact us and one of our team members will be happy to assist!

Article Used: https://www.bcbs.com/the-health-of-america/reports/planned-knee-and-hip-replacement-surgeries-are-the-rise-the-us