Here are 25 statistics about the urology market compiled by GHA, covering practice settings, the provider landscape, demand and services, providers’ challenges, and private equity investments.
Urologists are emerging from the pandemic’s economic rubble with a different perspective on how they’ll run their practices in the months and potentially years to come. Stephen Wills, CMPE, administrator at University Urology in Tennessee, said his practice’s staff of about 45, including 5 urologists, stayed intact through April and into May, while clinic visits and operating room cases took a deep dive. “We’re down about 65% in clinic visits and 75% in the OR,” Wills said in late April. COVID-19 caused a huge revenue drop for urology practices nationwide, according to LUGPA President Richard G. Harris, MD, a urologist at UroPartners in the greater Chicago, Illinois, area. “What I’m hearing is most people are functioning with about 30% to 40% capability,” Harris said.
Private equity firm Lee Equity Partners announced today that New York-based Integrated Medical Professionals (IMP) and Cincinnati-based The Urology Group (TUG) have partnered to form Solaris Health, a management services organization. This unprecedented combination creates one of the nation’s largest independent providers of urological and other specialty services. Terms have not been disclosed. Solaris Health has been established to support growth in IMP and TUG, two industry-leading practices with strong patient satisfaction scores, and to pursue additional partnerships. The partnership aligns the skills and talents of over 150 providers who have upwards of 525,000 patient encounters a year at more than 60 sites in New York, Ohio, Kentucky, and Indiana. The vision for Solaris Health is to build a national platform that attracts leading independent urological partners who are committed to providing quality and value in healthcare. Together, the physicians at Solaris Health can serve as an innovative disruptor in the field of urology at a scale which can transform urology care in America.
While nearly one-third of the nation’s urologists work more than 60 hours per week, one in ten still find the time to clinically volunteer at least one week per year for various philanthropic causes and missions. This new data, as well as further findings regarding the growing number of urologists utilizing telemedicine in the United States as a way to reach individuals in remote or underserved areas of the country, are highlighted in the American Urological Association’s (AUA) newly released 2019 Annual Census report, The State of the Urology Workforce and Practice in the United States.
Georgia Urology, the largest urology practice in the Southeast, is offering Lawrenceville area patients additional options under its well-respected banner. By coming together with NAUA Lawrenceville, Georgia Urology now has a second location in one of Gwinnett County’s larger cities. Georgia Urology’s NAUA Lawrenceville practice features board-certified physicians Dr. Howard Goldberg, Dr. Douglas Nyhoff, and Dr. Jin Yeoh. The team provides state-of-the-art care across the broad spectrum of urology. This includes urologic cancers; enlarged prostate and prostate infections; kidney stones; urinary incontinence; impotence; urinary tract infections; hormone replacement therapy in men; vasectomy; and fertility evaluation in men.
Central Ohio Urology Group (COUG) and U.S. Urology Partners have expanded their executive teams with the addition of Audrey Barker, MBA, Vice President of Physician Recruitment. U.S. Urology Partners is an affiliate of Central Ohio Urology Group and NMS Capital, with plans to support urology practices nationally. Barker has an extensive background in physician recruitment and business development, most recently leading the recruitment efforts of 9 hospitals, 7 freestanding emergency departments and over 120 outpatient facilities for Kettering Health Network in Dayton, Ohio, while providing direct contractual and relational support to more than 500 employed physicians.
Declining reimbursement for their work and the burden of prior authorization are nearly universal concerns of U.S. urologists, an exclusive Urology Times survey has found. Other pain points for urologists also relate to the non-clinical, business side of practice: increasing overhead/overhead management, increasing government regulations, new payment models (eg, bundled payments), quality metrics/reporting requirements, and smaller/narrow insurance networks.
Independent urologist Evan Goldfischer, MD, secretary of the Large Urology Group Practice Association, spoke to Becker’s ASC Review about private equity investment in healthcare and what it could mean for independent physicians.
New Jersey Urology (“NJU”), the leading urology service provider in New Jersey, and Urology Management Associates (“UMA”) are pleased to announce a partnership with Urology Care Alliance (“UCA”), effective December 1, 2019. The partnership creates the largest urology group in the United States, with 155 providers in 60 locations, including six cancer treatment centers. Combined, the organizations will have more robust resources for patients and employees alike and be able to better serve patients in central New Jersey and eastern Pennsylvania. UCA physicians will continue to provide care in their existing offices serving Mercer, Middlesex, Monmouth, and Somerset Counties in New Jersey, and Bucks County in Pennsylvania.
United Urology Group announced Monday that Arizona Urology Specialists (AUS) has become its newest affiliate. AUS is the leading urology group in Arizona, with 25 physicians and 14 advanced practice providers who serve patients in 11 locations across the greater Phoenix area (Phoenix, Scottsdale, Mesa, and Glendale). United Urology is a management services organization that supports its member groups of urology practices, which currently includes Chesapeake Urology Associates, Colorado Urology Associates, and Tennessee Urology Associates. As the nation’s leading urology group practice organization, United Urology has a mission focused on expanding and preserving the independent urology group practice model across the nation.
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