Orthopedic practices are a growing area of investor focus, supported by an aging population and positive reimbursement dynamics, particularly in the outpatient setting. Herein, Marwood presents its proprietary analytics platform for reimbursement claims analysis through a case study of the outpatient orthopedics space in North Carolina. The approach demonstrates the ability to assess ambulatory surgical center opportunities through claims analysis with an eye to payor mix, rate trends and geographic variability in reimbursement at the intra-state level.