Our team of experts can give you a comprehensive evaluation and profit and loss analysis to help you make educated choices about your anesthesia services costs and what support to provider or request from your facility.
Our team can assist your anesthesia practice in managing variable pay, monitoring productivity, improving retention strategies, and optimizing both anesthesia scheduling and staffing models and ratios.
We can assist you in implementing transition, recruitment, anesthesia provider contracting, and anesthesia revenue cycle management (RCM) strategies prior to moving anesthesia services in-house.
Are you having difficulty getting reliable anesthesia coverage from your current vendor, or is it failing to keep up with the latest trends? Let us help you investigate the possibilities with our advanced RFP review instruments and time-tested process.
It is becoming increasingly more difficult for hospitals and groups to sustain coverage and keep expenses low in the current anesthesiology market. Most healthcare institutions are expected to fund 30-40% of their anesthesia cost, emphasizing the importance of having a knowledgeable staff present during negotiations. Our legal partners also extend their service for any legal needs.
We provide comprehensive anesthesia RCM support and assessments through our network of subject matter experts (SMEs) and our partnerships with various vendors.
Our pricing is completely transparent, whether you desire a fixed budget or an hourly pricing model.
In recent years, the challenging anesthesiology industry has caused significant private entities to withdraw from the market, such as Envision declaring bankruptcy in 2023 and Mednax offloading its assets to NAPA Anesthesia in 2020, for much less than 10% of its acquisition cost. There are four major factors prompting this changing landscape:
As the anesthesia workforce continues to see in high percentage of retirement post COVID, there continues to be a supply shortage, as the average age of anesthesiologists is currently 48. In 2025, when all CRNA programs implement a third year of schooling, high barriers to entry may hinder the field, resulting in further issues. The AAMC predicts a 12,000+ provider shortfall within the next 10 years.
As the population ages, there is an increasing demand for anesthesia services outside of traditional hospital settings. NORA Anesthesia locations and ASCs are becoming increasingly popular destinations for anesthesia services, yet the demand for such services continues to outpace the new supply being provided. We anticipate this trend to continue in the future.
Reimbursement for anesthesia services has continued to be a focus of government payors, with Medicare reducing rates by approximately 5% since 2014. The No-Surprise Billing Act has also had a substantial effect on the negotiation power of private groups when dealing with commercial payors.
The COVID-19 pandemic has prompted many states to move away from medical direction and vote in favor of AA programs, leading to a significant rise in mid-level salaries.