Eric Yetter of PhysiciansFirst Healthcare Partners penned a blog on the market for physician-owned ASCs, offering tips on maximizing value and ensuring a steady income stream well into retirement.
Here's what you should know:
1. ASCs are unique because they offer low-cost, high-quality car e which is attractive to patients. Because ASC case volume is expected to increase in the coming years, management companies and hospital systems are actively seeking out acquisition opportunities.
2. Mr. Yetter urged physician owners to change their mindset around selling a center. Instead of viewing it as "the end of your center," view it, instead, as the start of "newer and bigger opportunities."
3. Partnering with a management company or health system takes administrative tasks off a physician's plate, and allows for more time to treat patients.
4. These partnerships also provide owners with a lasting equity stake that not only is an added source of income, but also increases their margins if an owner reinvests the funds.
He said, "With a market turning toward ASCs, physician owners are presented with a grand opportunity to take advantage of the new system. Selling your center allows physicians to receive the payoff for their hard work and secure the future success of their centers."
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