Benchmarks
Orthopedics financial benchmarks
How does your ortho practice compare? Key metrics cited to specialty association data and cross-checked against Sorso client engagements.
These ranges are directional, not prescriptive — a starting point for diagnosis, not a target. Where a figure comes from a published source, that source is linked on the page; where it does not, it reflects Sorso's own compiled experience.
Linked sources carry their own publication dates, shown with each citation. Unlinked ranges were last reviewed August 2026.
Profit Margin (before owner pay)
30%
Range: 22%–40%
Overhead Ratio
55%
Range: 48%–63%
Revenue / Provider
$1000K–$2000K
Annual range
Collection Rate
91%
Range: 89%–94%
Denial Rate
9%
Range: 7%–11%
A/R Days
33 days
Range: 25–44 days
Source: Industry benchmarks compiled from MGMA, specialty association surveys, and practice management databases. Updated 2026.
How your practice compares
Where the money goes
| Category | % | Description |
|---|---|---|
| staffing | 47% | Clinical and administrative staff wages, benefits, and payroll taxes |
| rent | 9% | Facility lease, utilities, and maintenance costs |
| supplies | 9% | Clinical supplies, office supplies, and consumables |
| equipment | 14% | Equipment leases, maintenance, and depreciation |
| marketing | 4% | Digital advertising, website, patient acquisition |
| insurance | 6% | Malpractice, general liability, and property insurance |
| Other | 11% | IT, professional fees, continuing education, miscellaneous |
Payer mix
Typical payer distribution for orthopedics practices. A balanced payer mix reduces dependency on any single source and improves revenue predictability.
Collection rates by payer
What top performers look like
Profit Margin
42%+
Collection Rate
95%+
Denial Rate
< 6%
A/R Days
< 23 days
KPIs specific to orthopedics
| KPI | Benchmark | Description |
|---|---|---|
| Surgical Cases per Surgeon / Month | 50–80 | Orthopedics monthly surgical volume per orthopedic surgeon (benchmark 50–80 cases); the primary revenue driver and a direct input to EBITDA capacity. |
| Implant Cost as % of Surgical Revenue | 15–25% | Cost of implants and hardware relative to surgical revenue; major variable expense |
| ASC vs. Hospital Case Mix | 40–60% ASC | Percentage of surgeries in an ambulatory surgery center vs. hospital; ASC improves margins |
| Physical Therapy Capture Rate | 50–70% | Percentage of post-surgical patients receiving PT within the practice's network |
From Sorso
In the orthopedic groups Sorso works with, ASC ownership economics and implant contract discipline drive the entire spread — practices without ASC exposure almost never clear 30% EBITDA.
Where these numbers come from
Where a published source states a figure, it is linked above. Ranges without a linked source are Sorso's own compiled estimates from client work and secondary industry reporting — they are not published association benchmarks, and we would rather say so than imply a citation we cannot show you.
Founder of Sorso and a CFA charterholder. Before Sorso, Stan spent 19 years in corporate finance at institutions including UniCredit and Société Générale — managing a $450M loan portfolio and making senior partner at a major mezzanine lender by 29 — then built a fractional CFO firm exclusively for outpatient healthcare clinics.
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