March/April 2018 Issue of Beckers ASC Review
ASCs Earned $26B in 2016 - 60% of Eligible Procedures to be Performed in ASCs by 2020
According to a Reserach and Markets report, ASCs earned $26 billion in 2016, with 57 percent of the centers independent or physician-owned. CLICK HERE TO READ MORE....
10 Statistics on ASC Shareholder Equity
The average ASC shareholder equity is $2.4 million, according to VMG Health’s Multi-Specialty ASC Intellimarker 2017 report. This article includes 10 statistic on shareholder equity. CLICK HERE TO READ MORE....
Chinese Company Makes $300M Equity Investment in miVIP ASC Chain: 4 Things to Know
Shanghai Hongxiao Science and Technology made an equity investment in miVIP and Oband, an outpatient surgery network focused on robotically assisted minimally invasive surgeries.. CLICK HERE TO READ MORE....
TURNAROUNDS
Getting the Waste out of Healthcare — Dr. Richard Kube on Price Transparency
The economics of healthcare are disproportionate and put physicians at a disadvantage, but one group believes there is a vision that can change healthcare forever. CLICK HERE TO READ MORE....
MUSC to Open Outpatient Surgical Facility in Mall: 5 Key Points
Charleston-based Medical University of South Carolina is opening a new location in a shopping mall, which will include an ASC, according to Charleston Business. CLICK HERE TO READ MORE....
The Centers for Advanced Orthopaedics’ Revenue Increases 75% in Less Than 5 Years: 5 Takeaways
Since its inception in 2014, Bethesda, Md.-based The Centers for Advanced Orthopaedics has seen rapid growth. CLICK HERE TO READ MORE....
Oregon Vascular Specialists Building new Surgery Center — 6 Things to Know
Vascular surgeons Jason Jundt, MD, and Wayne Nelson, MD, are building a new surgery center in Bend, Ore., according to The Bulletin. CLICK HERE TO READ MORE....
Surgery Partners Brings on Another Anthem Exec as Chief Strategy and Transformation Officer, Interim CFO: 5 Things to Know
Surgery Partners appointed R. David Kretschmer chief strategy and transformation officer as well as interim CFO. CLICK HERE TO READ MORE....
JOINT VENTURES
Medical Facilities Corp., NueHealth Form Joint Venture, Acquire 7 ASCs From Meridian
Toronto-based Medical Facilities Corporation formed a joint venture with Leawood, Kan.-based NueHealth and acquired seven ASCs from Meridian Surgical Partners, based in Brentwood, Tenn. CLICK HERE TO READ MORE....
Surgical Partners — 6 Things to Know
Since 2004, Nashville, Tenn.-based Surgery Partners has managed surgery centers throughout the nation with a physician-centric mentality. CLICK HERE TO READ MORE....
SCA Partners with Providence Health & Services, Invests in Oregon-Based ASC: 5 Key Points
Surgical Care Affiliates, an Optum company, made an equity investment in a Portland, Ore.-based ASC in partnership with Renton, Wash.-based Providence Health & Services. CLICK HERE TO READ MORE....
USPI Revenue Jumps 6.9% in Q4: 12 Things to Know
Tenet Healthcare reported its fourth quarter 2017 financial results. CLICK HERE TO READ MORE....
ORTHOPEDICS
Preston Surgery Center Posts Cash Pricing for all Procedures — 3 Insights
In an effort to increase transparency, Frisco, Texas-based Preston Surgery Center listed the cash prices for all procedures performed at the center on its website. CLICK HERE TO READ MORE....
Former North American Spine Society President William Watters, MD, of Houston Medical, discusses the biggest spine technology, clinical and business trends for 2018.
Major Breakthroughs in Spinal Biologics, Disc Regeneration on the Horizon: 3 Key Thoughts from Dr. William Watters. CLICK HERE TO READ MORE....
Illinois Bone & Joint Institute Names Dr. William Robb CMO, Orthopedic Director: 5 Things to Know
Chicago-based Illinois Bone & Joint Institute, the largest independent physician-owned orthopedic practice in the U.S., appointed William Robb III, MD, orthopedic director and chief medical officer. CLICK HERE TO READ MORE....
ASCs are the Best Opportunity for Spine Surgeons + Key Thoughts on Challenges, Spine Tech From Dr. Todd Lansford
Todd Lansford, MD, of South Carolina Sports Medicine & Orthopaedic Center in N. Charleston, S.C., on the most interesting spine technology today and where the industry is headed in 2018. CLICK HERE TO READ MORE....
Dr. Mark Adams Performs Michigan’s 1st Coflex Procedure in ASC: 4 Things to Know
Mark Adams, MD, performed Michigan's first coflex spinal procedure in an ASC last December. CLICK HERE TO READ MORE....
Larry Nassar, Former USA Gymnastics Physician, gets 40-175 Years in Prison — 6 Things to Know
A seven-day hearing for former U.S.A. Gymnastics physician Larry Nassar ended today with a prison sentence of 40 to 175 years, The New York Times reports. CLICK HERE TO READ MORE....
4 Spine Surgeons on Technology Innovation
Four spine surgeons weigh in on the devices and technologies they would like to see enter the spine care arena in the new future. CLICK HERE TO READ MORE....
3 Orthopedic Surgeons to Perform Outpatient Anterior Hip Replacement in Washington ASC: 5 Thing to Know
Four spine surgeons weigh in on the devices and technologies they would like to see enter the spine care arena in the new future. CLICK HERE TO READ MORE....
CODING & BILLING
7 Statistics on Medical Coder Salary, Growth Potential
Professional coders are more likely to see compensation increases when they achieve higher credentials, and the percent increase in year-over-year compensation is higher for the most-credentialed individuals, according to the AAPC 2016 Salary Survey. CLICK HERE TO READ MORE....
ASC Takes on UPMC for Exclusion From Health Plan Network: 5 Things to Know
Advanced Center for Surgery Chairman Joshua Port took on UPMC during a hearing Wednesday for excluding the center from individuals covered under the UPMC Health Plan's provider network, according to the Altoona Mirror. CLICK HERE TO READ MORE....
Physician Driven Bundles — How 3 Physicians Took Control of the Bundle
Four joint replacement surgeons from three separate private orthopedic practices in Greensboro, N.C. are handling bundled payments in a different way, by managing it all themselves. CLICK HERE TO READ MORE....
QUALITY & ACCREDITATION
We hate H3N2’: 3 Reasons This Year’s Flu Season Could get Worse
Public health officials said this week the 2017-18 flu season is becoming "moderately severe" and could get worse, according to a report from The New York Times. CLICK HERE TO READ MORE....
Intermountain, SSM, Ascension and Trinity Health to Launch Generic Drug Company
Four health systems from across the country plan to form a nonprofit generic drug company to address the high costs and shortages of generic medications. CLICK HERE TO READ MORE....