The Urology Reimbursement Landscape
The professional fee is the smaller half. The margin lives in the ancillaries.
In urology, the office visit and surgical fee are only the entry point — the economics that decide the enterprise sit in buy-and-bill drugs, in-office procedures, pathology, imaging, lithotripsy, and the ASC.
A modern urology group is effectively a diagnostics-and-therapeutics business wrapped around a physician panel. Part B drug buy-and-bill — leuprolide and other LHRH agonists, advanced prostate-cancer agents, and intravesical BCG — carries meaningful revenue but thin, ASP-driven margins that move with every quarterly pricing update. In-office procedures such as cystoscopy, prostate biopsy, UroLift, and Rezum, together with integrated pathology, lab, imaging, and lithotripsy, layer on ancillary income that competitors without the same footprint cannot match.
That concentration is also the exposure. Site-of-service differentials pull cases between office, ASC, and hospital outpatient; prior authorization on multiparametric MRI, PSMA-PET, drugs, and procedures throttles throughput; and payer policy quietly reprices the very services that fund the practice. As large PE- and MSO-backed platforms consolidate urology into national groups, the same book of business can be worth dramatically different amounts depending on how it is coded, contracted, and defended — and that is precisely where Fulcrum works.
Illustrative composition. Replace with your confirmed figures before launch; reflects current CMS/MedPAC methodology, ASP files, and public payer data, 2024–2026.