Current Issue of Becker's ASC Review

November/December 2022 Issue of Becker's ASC Review

 

ON THE COVER

ASC that closed due to 'adverse business conditions' struggling to collect payments
The Surgery Center of Fort Collins (Colo.) is working on collecting past due bills more than two months after it announced it was closing for good, BizWest reported Oct. 26.

ASC leaders’ secrets to success
Ten ASC leaders joined Becker's to discuss their secrets to success

SA$1.7B for the most expensive ASC projects in Q3
Here are the seven most expensive ASC projects in the third quarter of 2022, totaling $1.7 billion:

Culture is king: How ASCs are winning in the staffing crisis
While ASCs in many markets can't compete with hospital salaries, many are coming out on top with creative recruiting strategies and a positive work environment. 

Where ASC consolidation is headed
Prashanth Bala, vice president of ASC operations at Shields Health in Quincy, Mass., spoke with Becker's to discuss the trajectory of ASC consolidation.

Why cardiology is ASCs’ next big thing
ASCs have seen a massive opportunity for growth in cardiology in the last few years, as payers and CMS see financial gain in performing these procedures in the ASC setting. 

ASC leaders’ top priorities
Ten ASC leaders joined Becker's to discuss their top priorities through the end of the year. 

ASC MANAGEMENT

510 of America’s ‘Best’ ASCs in 2023: Newsweek
Newsweek partnered with global research firm Statista for the 2023 edition of its "America's Best Ambulatory Surgery Centers," which ranks 510 of the more than 5,000 Medicare-certified ASCs in the country

ASC that closed due to ‘adverse business conditions’ struggling to collect payments
The Surgery Center of Fort Collins (Colo.) is working on collecting past due bills more than two months after it announced it was closing for good, BizWest reported Oct. 26.

Kaiser Permanente may convert San Jose hospital into ASC
The health system is considering multiple options, the report said. Among them are demolishing the 242,900-square-foot hospital and adding surface parking; decommissioning and vacating it; and repurposing 149,000 square feet for outpatient surgery, with the remainder left vacant.

The state of the ASC industry: 3 earnings call notes from HCA, USPI & SCA Health
United Surgical Partners International, SCA Health and HCA Healthcare are all indicating different growth strategies in the company's third quarter earnings calls.

All of society has suffered financially’: How ASCs are navigating physician pay changes
As inflation and the cost of running a practice rises, CMS's Medicare physician fee schedule proposed rule for 2023 suggests further cuts to physician pay.

THOUGHT LEADERSHIP

ASC leaders’ secrets to success
Ten ASC leaders joined Becker's to discuss their secrets to success. 

ASC leaders’ top priorities
Ten ASC leaders joined Becker's to discuss their top priorities through the end of the year

Historically’ slow payers hindering ASC procedure migration
While many procedures are migrating to the ASC setting, "historically" slow payer policy changes could create delays, according to administrator Brenda Carter. 

Prior authorization: 3 leaders’ thoughts by patsy newitt
Seventy-nine percent of medical groups said that payer prior authorization requirements increased in the last year, according to a March poll conducted by the Medical Group Management Association

High patient deductibles are disrupting the ASC industry, physician says By Patsy Newitt
High patient deductibles are shifting the way physicians deliver care, according to Eric Anderson, MD, a pain management physician in Lewisville, Texas.

JOINT VENTURES

Banner Health, Atlas Healthcare Partners acquire 2 Arizona ASCs By Claire Wallace
Atlas Healthcare Partners and Banner Health have partnered in the acquisition of two Arizona ASCs in Scottsdale and Tucson. 

Michigan hospitals form joint venture, build pediatric ASC by rizz haton
Livonia-based Trinity Health Michigan and U-M Health in Ann Arbor, Mich., are forming a joint venture to bring pediatric care to Trinity Health Oakland hospital in Pontiac.

Atlas Healthcare Partners joins with MedAxiom for cardiovascular-focused ASCs
Atlas Healthcare Partners has joined with cardiovascular organizational improvement company MedAxiom to form a joint venture, MedAtlas. 

Ascension Seton breaks ground on joint venture ASC
Ascension Seton Health Center Georgetown (Texas) has broken ground on a 60,000-square-foot building that will house a 19,664-square-foot surgery center, according to an Oct. 17 report from Hello Georgetown

Firm aims to disrupt ASC superpowers with new management model By Marcus Robertson
In the shadow of growing giants like Dallas-based USPI, Brentwood, Tenn.-based Surgery Partners and Deerfield, Ill.-based SCA Health, a new ASC management model is emerging.

ORTHOPEDICS

‘The proof is in the results’: 1 physician’s perspective on MSO partnerships
Showing the value proposition of deals and having physician leadership from the top down can help management service organizations draw interest from independent practices, according to Emil Engels, MD, CEO of Aligned Orthopedic Partners.

Medtronic to spin off 2 businesses
Medtronic plans to separate its combined patient monitoring and respiratory interventions businesses, which are part of the company's medical surgical portfolio.

3 new orthopedic ASCs
Here are three new orthopedic ASCs opened or announced since Aug. 31:

2 Florida orthopedic providers merge to form 17-physician practice
Fort Walton Beach, Fla.-based Orthopaedic Associates and Panama City, Fla.-based Southern Orthopedic Specialists will merge in November.

2 surgeons under 40 on private equity, the future of orthopedics
Two surgeons under the age of 40 discuss where they see the future of orthopedics heading, and the role of private equity in practices moving forward. 

GASTROENTROLOGY

Where GI execs are seeing the greatest opportunity
Here are three key areas within gastroenterology where leaders such as U.S. Digestive Health CEO Jerry Tillinger believe opportunity is ripe

5 numbers GI leaders should watch
From a projected gastroenterologist shortage to a salary reduction, here are five numbers gastroenterology leaders should keep an eye on:

4 numbers pointing to gastroenterology consolidation
Healthcare is increasingly consolidating, and gastroenterology is one of the many specialties with physicians migrating to employed models

The future of gastroenterology: 5 leaders’ insights
From new technologies to physician autonomy, here are five leaders' perspectives on where the GI industry is headed.

Gastro Health, GI Alliance and more: 8 industry updates
Here are eight updates on gastroenterology companies Becker's reported on during the third quarter of 2022:

TRANSACTIONS

Optum vs. Tenet: How ASC strategies are shifting
Tenet Healthcare, parent company of ASC chain United Surgical Partners International, and Optum, parent company of ASC chain SCA Health, are looking at different ASC growth strategies as the year comes to a close. 

5 biggest ASC deals in Q3
Here are the biggest deals in the third quarter of 2022 that ASC leaders need to know:

Private equity turns to ophthalmology with billion-dollar deals
Private equity firms are seeing increasing opportunity in ophthalmology firms, reflected in the increase in multimillion-dollar investments in the industry in recent years, Kaiser Health News reported Sept. 19. 

3 universities opening ASCs
Here are three universities that are opening ASCs that Becker's has reported on since Aug. 29

Atlas Healthcare Partners dives deeper into ASCs with physicians, health systems By Claire Wallace From
From a joint orthopedic ASC venture to a Banner Health investment, here are five updates on Phoenix-based Atlas Healthcare Partners that Becker's has reported on this year: 

HEALTHCARE NEWS

Highest-paying physician specialties in the US | 2022
Cardiology is the highest-paying U.S. physician specialty, according to a Aug. 8 report from Forbes

2023 CMS physician pay schedule could destabilize Medicare, AMA says
Physicians are expecting to see a 4.42 percent pay cut in January with the proposed 2023 Medicare physician payment schedule, and paired with rising operating costs and inflation, this could further destabilize Medicare, according to a Sept. 8 article from the American Medical Association

A new name joins Forbes’ growing list of healthcare billionaires
The number of healthcare billionaires in the U.S. has grown from 29 to 30 as of Oct. 14, according to Forbes' real-time net worth tracker. 

I don’t know how much longer I can continue to be a doctor’: Physicians fight pay cuts as operating costs soar
Physician owners are struggling to meet margins as they face skyrocketing operating costs and consistent pay cuts.

Stark Law changes: Physician compensation arrangements to keep an eye on
Hospitals and health systems need to update their physician compensation plans after CMS' recent changes to the Stark Law, according to an article in JDSupra from the law firm Foley and Lardner. 

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