MDDI published an article this week titled Procedure Volumes Are Rebounding Faster than Expected —but Still Far from Normal. The article focuses on a survey, conducted by analyst Kyle Rose of Canaccord Genuity. The survey polled 51 Orthopedic Practices about their opinion on future surgical case volume. Here is a quick breakdown of the survey results:
Expected Surgical Volume Decline
- 68% drop in May vs 2019
- 49% drop in June vs 2019
- 38% drop in July vs 2019
Roadblocks to Recovery
- 51% stated operating room availability
- 41% stated patient demand
Timing of Recovery
- 18% expected procedure volumes to return to normal in the 3rd Quarter
- 27% expected procedure volumes to return to normal in the 4th Quarter
It is interesting to note that these numbers dropped from 32% and 46%, respectively, when the firm conducted the April survey. It is obvious the situation is very fluid and this survey at the end of next month could indeed look very differently.
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