Beyond The Mask: Innovation & Opportunities For CRNAs cover image

Beyond The Mask: Innovation & Opportunities For CRNAs

The Future of Anesthesia Heading Into 2024

Dec 28, 2023
In this podcast, NorthStar Anesthesia CEO Adam Spiegel and Chief Anesthetist Officer Randy Moore discuss the future of anesthesia and the profession of CRNAs heading into 2024. They cover topics such as the anesthesia business sector, the CRNA supply shortage, private equity-supported firms, Surprise Billing rule implementation, and the state of hospitals today. This episode provides valuable insights into the challenges and opportunities for CRNAs in the coming years.
01:02:23

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Quick takeaways

  • The anesthesia business sector is facing challenges due to a supply-demand imbalance, with increased demand for anesthesia providers but lower reimbursement rates from payers impacting revenue for anesthesia companies.
  • The future of anesthesiology is being shaped by factors such as the aging population and the CRNA shortage, which is leading to different practice models being adopted by hospitals and ASCs, focusing on effective leadership, culture, and flexibility.

Deep dives

Impact on Anesthesia Business Sector

The anesthesia business sector is facing challenges due to a supply-demand imbalance. The movement of surgeries from hospitals to ASCs has increased the demand for anesthesia providers. Hospitals, under pressure to increase revenue, are expanding their capacity, requiring more anesthesia coverage. ASCs are also experiencing increased volume and are looking for additional staff. This demand has led to a rise in wages for CRNAs. However, anesthesia companies are facing difficulties as payers are paying lower reimbursement rates, impacting their revenue. The No Surprises Act has further compounded the challenges, as hospitals are hesitant to pay higher subsidies. This situation prompts hospitals to consider different practice models and negotiate prices.

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