Latest / Becker’s Healthcare Podcast / Dr. Michael Redler, Orthopaedic Surgeon, Connecticut Orthopaedics

Transcript

Dr. Michael Redler, Orthopaedic Surgeon, Connecticut Orthopaedics · Becker’s Healthcare Podcast

• 0:00
  Looking for a solution that helps alleviate administrative
• 0:03
  tasks for your staff and also helps your
• 0:05
  patients cover their out of pocket health care
• 0:07
  expenses?
• 0:08
  Find what you're looking for from CareCredit because
• 0:11
  CareCredit is a credit card and more. It's
• 0:13
  a helping hand for staff and a flexible
• 0:16
  payment solution for patients. For over thirty years,
• 0:19
  CareCredit, a Synchrony solution, has offered patients a
• 0:22
  credit card with promotional financing options to get
• 0:25
  the care they want while helping staff do
• 0:27
  what they do best, provide care. To learn
• 0:30
  more, visit carecredit.com
• 0:33
  forward slash beckerspodcast.
• 0:35
  This is Gracelyn Keller with the Becker's Healthcare
• 0:37
  Podcast, and we're recording live at the thirty
• 0:39
  first annual business and operations of ASCs.
• 0:42
  I'm currently joined by doctor Michael Redler who
• 0:44
  is an orthopedic surgeon at Connecticut Orthopaedics.
• 0:47
  Thanks for joining me today. To have us
• 0:49
  kick off, can you please share a little
• 0:51
  bit more about yourself and your work in
• 0:52
  the ASC space? Sure. Grace, always great to
• 0:55
  see you. You do a fabulous job. I'm
• 0:56
  Michael Redler. I'm an orthopedic surgeon at Kinetic
• 0:59
  Orthopedics.
• 1:00
  I specialize in sports medicine, upper extremity surgery.
• 1:04
  I am the medical director of the surgery
• 1:06
  center of Fearful County, so that ambulatory center.
• 1:09
  I do teach, medical students from, Frank Netter
• 1:12
  School of Medicine at Quinnipiac University and also
• 1:14
  the Yale School of Medicine. They're PA students,
• 1:17
  and I also do a lot of medical
• 1:18
  mission work in Honduras with One World Surgery.
• 1:20
  Wonderful. Well, thanks for being here. And let's
• 1:23
  start our conversation talking about the ASC market.
• 1:26
  In The US, this is projected to reach
• 1:28
  $60,800,000,000
• 1:29
  by 2030 and continues to experience strong year
• 1:31
  over year growth. So from your perspective, what
• 1:34
  is the most significant trend in market forces
• 1:36
  driving this expansion, and how should ASC leaders
• 1:39
  be preparing today?
• 1:41
  So ASCs have become more mainstream. And part
• 1:44
  of the reason that they're gonna be a
• 1:45
  high quality, lower cost alternative, we all know
• 1:48
  this. This is not anything that is new.
• 1:50
  But what is new is our ability to
• 1:52
  do more and more high acuity cases at
• 1:55
  these surgical centers.
• 1:56
  It offers patients the convenience of recovering at
• 1:59
  home. It offers a lower cost for the
• 2:01
  insurance company, and with skyrocketing
• 2:04
  health care costs. This is just a natural
• 2:06
  segue.
• 2:07
  Absolutely.
• 2:08
  And from AI robotic surgeries to advanced EHR
• 2:11
  systems,
• 2:12
  technology remains both a make or break factor
• 2:14
  and a critical driver of ASC operations at
• 2:16
  scale. So how do you see deeper tech
• 2:18
  integration shaping the way ASCs deliver care and
• 2:21
  manage their business over the next few years?
• 2:24
  So at this meeting at Becker's health care
• 2:26
  meeting right now, AI has been the hot
• 2:28
  topic. I suspect it's probably a hot topic
• 2:30
  no matter where you go, and it's penetrating
• 2:33
  further and further into the health care market
• 2:35
  to create greater levels of efficiency.
• 2:38
  So that's a technology that's important. Frankly, the
• 2:40
  other technology that's really important is the advanced
• 2:42
  techniques that we now have for greater patient
• 2:44
  comfort. And those greater patient comfort options will
• 2:48
  allow for those higher acuity cases to be
• 2:50
  done, patients to be comfortable. And I would
• 2:52
  suspect
• 2:53
  and suggest
• 2:54
  that that technology is almost as important as
• 2:57
  the AI right now. Absolutely.
• 2:59
  And then with 60% of health systems considering
• 3:02
  ASC joint ventures and many ASCs already partnering
• 3:05
  with systems in their communities,
• 3:07
  what opportunities do you see for collaboration, whether
• 3:09
  that's with other providers or vendors, to strengthen
• 3:12
  patient care and operational efficiency? So I think
• 3:15
  they're seeing in every market, including in ours,
• 3:17
  we now our center partners with Hartford HealthCare.
• 3:21
  And it's interesting. There's a lot of health
• 3:22
  care systems out there. Hartford HealthCare actually delivered
• 3:25
  what they said they were going to. They
• 3:27
  improved the rates for the ambulatory surgical center.
• 3:30
  They offloaded some of their lower acuity cases
• 3:33
  from the hospital to the surgical center.
• 3:35
  They took some of their employed physicians and
• 3:37
  allowed them to do cases there,
• 3:39
  and they benefit from a great place for
• 3:43
  patients to do surgery. So it became a
• 3:44
  win win situation.
• 3:46
  And doctor Redler, is there anything else we
• 3:48
  didn't touch on or any final thoughts you'd
• 3:50
  like to share as we wrap the conversation?
• 3:52
  You know, I think, Grace, that what I
• 3:54
  said before is important. To me, one of
• 3:56
  the biggest drivers that allows us to do
• 3:58
  these cases at the surgical center was patient
• 4:00
  comfort. And no matter what you do with
• 4:02
  the pyramid of importance, the patient is always
• 4:04
  gonna be at the peak of the pyramid.
• 4:06
  And with
• 4:08
  new technologies
• 4:09
  coming out, there is a bupivacaine
• 4:11
  insert for total knees that Olay is coming
• 4:13
  out. There is gait science where they're neuromodulation
• 4:17
  in conjunction with nerve blocks. We can do
• 4:19
  longer cases. We can bridge that therapeutic gap,
• 4:22
  and this is gonna be of great benefit
• 4:24
  to patients. And
• 4:26
  that'll allow us to do more cases at
• 4:27
  center. It's a win win situation once again.
• 4:30
  Awesome. Well, thank you so much for joining
• 4:32
  me today on the Becker's Healthcare Podcast. Again,
• 4:34
  we are recording live at the thirty first
• 4:36
  annual business and operations of ASCs.
• 4:39
  Grace. Always great to see you. You do
• 4:40
  a fabulous job. Thank you.