I am in a multispecialty group associated with a hospital system. I do with US in clinic. I think our system is looking at this as a way to prepare for the move to outpatient total joint arthroplasty. The analysis showed nearly 2 years to recoup actual costs, not looking at the hospital length of stay and other potential downstream benefits. (perhaps I'm giving administrators too much credit)
The hand-held unit is $6 grand. The tips are about $275 and you probably use about $10-20 of nitrous per case. The reimbursement for 1 nerve is $248 for the first, and a 50% reduction for each additional. It looks like we are getting about $100 for ultrasound guidance.
Of course, Medicare reimbursement is $124 for the 1st nerves and no reimbursement for ultrasound, so that does not pencil out at all.
Summary: I have no idea why a private practice would do this.
(RVU is 1.23 for the 64640, 76942 for U/S guidance is 0.67, so for the typical Iovera treatment, I'm getting 2.82 RVU and it takes 20-30 min)