Top Three GI & Endoscopy Trends 2020
2020 has been a chaotic year for the healthcare industry, with each specialty affected in numerous and different ways. Here are the top three GI & Endoscopy Ambulatory Practice trends so far this year:
Many believe that missed screening tests could lead to an increase in colorectal cancer cases.
Colonoscopy remains a challenge because of the potential to spread COVID-19, and alternative methods are being considered to fill the gap while colonoscopy is on hold.
2. CRC Guidelines Update
The U.S. Multi-Society Task Force on Colorectal Cancer updated its 2012 recommendations for post-colonoscopy follow-up with or without polypectomy. Recommendations include:
Additional follow-up details and recommendations for patients after serrated polyp removal
Utilize CRC outcomes risk criteria and recommended polyp surveillance.
Implement high-quality and thorough baseline exams.
3. Compensation & Private Equity
The average annual comp for Gastroenterologists remained at $419,000 from 2019 to 2020.
This is the sixth-highest annual comp for specialty physicians nationwide, according to Medscape's "Physician Debt & Net Worth Report 2020."
On a related note, investment activity saw a sharp slowdown in the first half of the year (only four deals closed).
Analysts expect private equity investments to pick back up towards the end of 2020.