Companies in this industry engage in the medical practice of relieving pain and providing care for patients before, during, and after surgery. Major anesthesia practice groups include American Anesthesiology (a subsidiary of MEDNAX), Sheridan Healthcare (part of Envision Healthcare), and North American Partners in Anesthesia.
Demand for anesthesiology services is driven by surgery volumes, which are impacted by demographics and economic conditions. The profitability of an anesthesiology practice depends on the reputation and expertise of the anesthesiologist and staff, as well as on health care reimbursement rates. Large practices have advantages in leveraging administrative processes and expensive diagnostic equipment. Small practices compete effectively by providing specialized skills and good customer service.
Products, Operations & Technology
During surgery, anesthesiologists administer anesthesia to relieve pain and control the patient's level of unconsciousness to support a successful operation. They are also responsible for monitoring and controlling the patient's heart rate, blood pressure, breathing, body temperature, and body fluid balance. After surgery, they relieve pain during recovery and help provide critical care medicine in the intensive care unit.