1. A growing number of United States residents are living with a large joint replacement. In 2014, 4.7 million people were living with an artificial knee and 2.5 million were living with an artificial hip, according to research presented at the 2014 Annual Meeting of the American Academy of Orthopaedic Surgeons. By 80 years of age, the prevalence of artificial hips rises to nearly 6 percent and artificial knees rises to nearly 10 percent.
2. Total joint procedures are typically reliable and result in high reimbursement. In the United States, total knee replacements cost $28,184, as compared to $6,687 in Spain and $18,451 in the United Kingdom, according to the 2015 Comparative Price Report, by the International Federation of Health Plans. Similarly, total hip replacements cost $29,067 in the U.S., while in New Zealand and United Kingdom, the procedures average between $15,000 and $16,000.
3. A study presented at annual meeting for the American Association of Hip and Knee Surgeons in 2013, examined whether adult reconstruction surgeons who perform total joint replacements could generate an average adult reconstruction income at Medicare reimbursement rates. It shows that an AR orthopedic surgeon would earn approximately $453,618 in a Medicare-only environment, given a 33 percent contribution to overhead and benefits. A 50 percent contribution would result in a $338,521 salary.
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