The Business of Total Joint Replacement Course
This course is beneficial for physicians and their business leads
who seek to maximize practice success through pursuit of
increased market share and revenue growth.
About the Business Course
This course, which took place on Friday, November 12, is beneficial for physicians and their business leads who seek to maximize practice success through pursuit of increased market share and revenue growth.
Objectives
- Identify ways to grow your joint replacement practice in the current technology driven healthcare environment
- Review opportunities for arthroplasty surgeons to maximize income regardless of specific practice arrangements
- Identify how to build effective teams that maximize success while reflecting the populations served
- Discuss the various business partners that can help you and your practice grow and prosper
- Gain better understanding of the current and future opportunities to prosper in alternative and bundled payment contracts
CME Credits
The American Association of Hip and Knee Surgeons (AAHKS) is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing medical education for physicians.
The American Association of Hip and Knee Surgeons (AAHKS) designates this live activity for a maximum of 7 AMA PRA Category 1 Credits™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.
2021 Faculty
- C. Lowry Barnes, MD, Co-Chair
- Michael P. Bolognesi, MD, Co-Chair
- Craig J. Della Valle, MD, Co-Chair
- Muyibat A. Adelani, MD
- Michael P. Ast, MD
- Wael K. Barsoum, MD
- Stefano A. Bini, MD
- Kevin J. Bozic, MD, MBA
- Christian P. Christensen, MD
- Anna R. Cohen-Rosenblum, MD
- Brian M. Culp, MD
- Charles A. DeCook, MD
- Jean Drouin, MD, MBA
- Mark I. Froimson, MD, MBA
- James I. Huddleston III, MD
- David Jacofsky, MD
- Paul Jawin, JD
- David S. Jevsevar, MD, MBA
- Claudette M. Lajam, MD
- Michael Meneghini, MD
- Daniel B. Murrey, MD, MPP
- Charles L. Nelson, MD
- Matthew Olin, MD
- Daniel B. Pizzarello, MD
- Jason J. Scalise, MD
- Kimberly K. Tucker, MD
- Vance K. Vanier, MD
- Bradford S. Waddell, MD
- Lucian C. Warth, MD
- Adolph J. Yates Jr., MD
- Richard Yoon, MD
Preliminary Agenda
Subject to change.
Time Session/Topic Speaker
6:30 - 6:55 a.m. Breakfast Breakfast served outside of course room.
6:55 - 7:00 a.m. Welcome and introduction C. Lowry Barnes, MD
7:00 - 8:00 a.m. Session 1: Did 2020 Change the Way We Practice?
Moderator: Michael P. Bolognesi, MD
7:00 - 7:08 a.m. The Financial Impact of COVID-19 and Current State at an Academic Institution C. Lowry Barnes, MD
7:08 - 7:16 a.m. The Financial Impact of COVID-19 and Current State at a Large Private Practice Bryan D. Springer, MD
7:16 - 7:24 a.m. Moving Total Joints to Outpatient Overnight Setting Whether in ASC or HOPD: COVID Experience Michael P. Bolognesi, MD
7:24 - 7:32 a.m. Did COVID Give Telemedicine the Shot in the Arm That it Needed? Stefano A. Bini, MD
7:32 - 7:40 a.m. Where Did the Money Go? An Analysis of the CARES Act and COVID-19 Funding James I. Huddleston III, MD
7:40 - 8:00 a.m. Discussion Michael P. Bolognesi, MD
8:00 - 9:00 a.m. Session 2: Population Health - Understanding the Pitfalls, Requirements, and Opportunities
Moderator: David Jacofsky, MD
8:00 - 8:08 a.m. Defining Population Health in Orthopedics David Jacofsky, MD
8:08 - 8:16 a.m. Tools and Data Needed for Success in True Value-Based Care and Population Management Jason J. Scalise, MD
8:16 - 8:24 a.m. Are Current Ways We Measure Provider Costs Fair and Accurate? Jean Drouin, MD, MBA
8:24 - 8:32 a.m. How Hospitals Can Be more than a Cost Center and How to Build Physician-Centric Networks Wael K. Barsoum, MD
8:32 - 8:40 a.m. Legislative Changes That Will Accelerate Risk-Based Contracting and Population Health Paul Jawin, JD
8:40 - 9:00 a.m. Discussion David Jacofsky, MD
9:00 - 9:10 a.m. Break
9:10 - 10:18 a.m. Session 3: Alternative Payment Models
Moderator: James I. Huddleston III, MD
9:10 - 9:18 a.m. Alternative Payment Models James I. Huddleston III, MD
9:18 - 9:26 a.m. Bundled Payments for Care Improvement (BPCI) Initiative Richard Iorio, MD
9:26 - 9:34 a.m. Comprehensive Care for Joint Replacement (CJR) Model Adolph J. Yates Jr., MD
9:34 -9:42 a.m. Academic Center Direct to Payor Bundles Michael P. Bolognesi, MD
9:42 - 9:50 a.m. UT-Austin's Integrated Practice Unit (IPU) Kevin J. Bozic, MD, MBA
9:50 - 9:58 a.m. Private Practice Bundle with Private Payors Matthew Olin, MD
9:58 - 10:18 a.m. Discussion James I. Huddleston III, MD
10:18 - 11:18 a.m. Session 4: The Opportunities & Perils of Corporatization/Consolidation in Arthroplasty Practice Outpatient Joint Replacement Surgery
Moderator: David S. Jevsevar, MD, MBA
10:18 - 10:26 a.m. Consolidation in Healthcare: Why Have Healthcare Mergers and Acquisitions Exploded? David S. Jevsevar, MD, MBA
10:26 - 10:34 a.m. The Rationale, Benefits, Potential Consolidation Strategies, and How They Affect Arthroplasty Business Transformation Daniel B. Pizzarello, MD
10:34 - 10:42 a.m. How Do Private Equity Investors Value Arthroplasty Practices? Vance K. Vanier, MD
10:42 - 10:50 a.m. What Does This Mean for Arthroplasty Practices? Daniel B. Murrey, MD, MPP
10:50 - 10:58 a.m. What Does Consolidation Mean for our Patients? Kevin J. Bozic, MD, MBA
10:58 - 11:18 a.m. Discussion David S. Jevsevar, MD, MBA
11:18 a.m. - 12:06 p.m. Session 5: Diversity and the Business of Total Joints
Moderator: C. Lowry Barnes, MD
11:18 - 11:26 a.m. Creation of the AAHKS Diversity Advisory Board Muyibat A. Adelani, MD
11:26 - 11:34 a.m. Challenges Related to Disparity of Care - Financial Challenges and Incentives to Addressing Kimberly K. Tucker, MD
11:34 - 11:42 a.m. Industry Consulting and Design Projects: An Opportunity for Diversity? Charles L. Nelson, MD
11:42 a.m. - 12:06 p.m. Lunch Lunch served outside of course room.
12:06 - 1:00 p.m. Session 6: Billing and Coding
Moderator: Brian M. Culp, MD
12:06 - 12:14 p.m. Terminology: RVU's and Collections, E&M, ICD/CPT/Modifiers Michael P. Ast, MD
12:14 - 12:22 p.m. Impact of Decreased WRVU's for Total Joints in Group Practices and Hospital Employment Model Brian M. Culp, MD
12:22 - 12:30 p.m. Office-Based Billing & Coding: The New E&M Codes and how to be Paid for Optimization of Patients Bradford S. Waddell, MD
12:30 - 12:38 p.m. Hospital-Based Billing & Coding Lucian C. Warth, MD
12:38 - 12:46 p.m. Arthroplasty-Specific Coding Richard S. Yoon, MD
12:46 - 1:00 p.m. Discussion Brian M. Culp, MD
1:00 - 1:45 p.m. Session 7: Outpatient Joint Replacement Surgery
Moderator: Craig J. Della Valle, MD
1:00 - 1:08 p.m. We Did It with our Hospital as a Partner R. Michael Meneghini, MD
1:08 - 1:16 p.m. We Did It with a Private Firm as our Partner Chris P. Christensen, MD
1:16 - 1:24 p.m. Decreasing Cost of Care in the Era of Decreased Reimbursement as Joints Move to Outpatient Charles A. DeCook, MD
1:24 - 1:32 p.m. Which Patients Are Best and Is It Safe? Craig J. Della Valle, MD
1:32 - 1:45 p.m. Discussion Craig J. Della Valle, MD
1:45 - 2:30 p.m. Session 8: Flexibility and Adaptability in an Ever-Changing Environment
Moderator: Craig J. Della Valle, MD, MBA
1:45 - 1:53 p.m. How to adapt to the lack of staffing and changes in personnel? Claudette M. Lajam, MD
1:53 - 2:01 p.m. Flexibility and Resilience in a time of Change and Crisis Kimberly K. Tucker, MD
2:01 - 2:09 p.m. The Employed Academic Physician's Response to Crisis Anna R. Cohen-Rosenblum, MD
2:09 - 2:20 p.m. Discussion Craig J. Della Valle, MD, MBA
2:20- 2:30 p.m. Conclusion and Adjourn Michael P. Bolognesi, MD
