By the year 2030, an aging population combined with an increase in the prevalence of obesity will coalesce to place an orthopedic demand on our healthcare system as never before. The Academy of Orthopedic Surgery projects hip replacements to increase 174% to 572,000 annually. Furthermore, a Journal of American Medical Association 2012 study estimates that an increase demand for knee replacement surgeries could reach 3.5 million annually. Meanwhile, total joint replacements are gaining wider acceptance, as well, and are projected to increase by 400% in 2030.
Yes, it looks as if 2030 will be a pivotal year for orthopedists. To meet this swelling demand, small to medium orthopedic practices will need to operate more efficiently in order to survive outside of super groups or hospital systems. Healthcare IT company, [m]pirik is poised to help private orthopedic surgeons remain independent. To meet the challenges of compliance with government regulation and increased efficiency, the Milwaukee-based company has developed an orthopedic care management platform that is transforming the practice of orthopedic medicine.
[m]pirik’s Director of Business Development, Jake Bartnicki, says with MACRA coming down the pike (final rule to be released in November 2016) regulations and data collection needs around government mandates create a problem. “They are bleeding private practices dry,” further stating that beginning January 2017, government regulations and reporting needs will put pressure on private practices to either join, build supergroups, or be bought out by a hospital system. “We want to help those private practices comply with the government regulations and allow them to stay private with our orthopedic care management platform,” says Bartnicki.
While recognizing the need for hospital-employed physicians, Bartnicki explains that physicians in private practices should not feel compelled to join with a large hospital system based on government regulations or financial shortcomings. “We think giving them a simple tool that allows them to comply with the government regulations offers them a choice on what they want to do and how to take care of their patients,” he says.
Since the founding of [m]pirik in 2013, the company has focused solely on the measurement and improvements in orthopedics. “These technologies and solutions that we are building are not theoretical; everything that we add to the product and create is tested immediately inside Dr. Kohli’s practice, ensuring its efficacy and marketplace need,” says Bartnicki. Today’s Ortho[m]atrix orthopedic care management platform will help orthopedic surgeons do the following:
[m]pirik will continue working with the platform it currently has in the marketplace, along with data collection. With its use, orthopedists can identify the best forms of treatment. “We’ll be able to create different types of protocols, whether it’s for outpatient total joints, rotator cuff repairs or ACL repairs. If followed correctly, [m]pirik can guarantee a certain outcome for different patient classes.