Luke Lambert became CFO of Ambulatory Surgery Centers of America in 1997 and was promoted to CEO of the company five years later. He previously held positions at Smith Barney, Booz, Allen & Hamilton and Ernst & Young. His background includes experience in finance, strategy and operations and he has worked in venture exploration and reengineering business processes.
Mr. Lambert was one of the founding members of ASCOA, an ASC management and development company that has started or turned around more than 60 projects in the United States. Within ASCOA’s management model, surgeons maintain the majority ownership of the center while the company holds a minority share in each center it turns around or develops.
Today, Mr. Lambert has expertise in a wide variety of topics surrounding the ASC industry, including joint ventures with hospitals. In a recent Becker's ASC Review Mr. Lambert says joint ventures can be turned around by increasing physician equity in the center and giving them a greater incentive to fight for the center's success. While Mr. Lambert promotes a minority interest for the hospital (26 percent or less), he said maintaining physicians' incentives is possible even under a hospital majority ownership model, which may be required if the ASC needs a certificate of need or access to the hospital's contracts.
"The more the hospital owns, the more you decrease the interest the physicians have in how the center is run," he says.
Mr. Lambert earned his MBA from the Columbia Graduate School of Business and was among the first to earn a CASC designation in 2002.
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Mr. Lambert was one of the founding members of ASCOA, an ASC management and development company that has started or turned around more than 60 projects in the United States. Within ASCOA’s management model, surgeons maintain the majority ownership of the center while the company holds a minority share in each center it turns around or develops.
Today, Mr. Lambert has expertise in a wide variety of topics surrounding the ASC industry, including joint ventures with hospitals. In a recent Becker's ASC Review Mr. Lambert says joint ventures can be turned around by increasing physician equity in the center and giving them a greater incentive to fight for the center's success. While Mr. Lambert promotes a minority interest for the hospital (26 percent or less), he said maintaining physicians' incentives is possible even under a hospital majority ownership model, which may be required if the ASC needs a certificate of need or access to the hospital's contracts.
"The more the hospital owns, the more you decrease the interest the physicians have in how the center is run," he says.
Mr. Lambert earned his MBA from the Columbia Graduate School of Business and was among the first to earn a CASC designation in 2002.
More Articles on ASC Industry Leaders:
ASC Industry leader to Know: Dr. Laxmaiah Manchikanti of ASIPP
ASC Industry Leader to Know: Surgical Management Professionals' Michael Lipomi