November/December 2023 Issue of Becker's ASC Review
ON THE COVER
The less-discussed threat to ASC growth
Les Jebson, regional administrator at Greenville, S.C.-based Prisma Health, joined Becker's to discuss the threats to outpatient growth and what procedures are moving to the ASC setting.
USPI has 30 de novo ASCs in pipeline, sees 'consistently positive' M&A environment
Dallas-based United Surgical Partners International, part of Tenet Healthcare, had a successful third quarter with continued service line and revenue growth.
This leader went from ASC CEO to Congressional candidate — here's how
Austin Cheng, CEO of New York City-based Gramercy Surgery Center, is running to represent New York's 3rd Congressional District.
Why ASC leaders are hopeful
From positive work culture to a prioritization of self care, five ASC leaders joined Becker's to discuss what is making them hopeful.
6 principles to ASC success: An administrator's guide
Joe Peluso, administrator at Aestique Surgical Center in Greensburg, Pa., joined Becker's to discuss his ASC teams' approach to leadership.
3 forces disrupting gastroenterology
Artificial intelligence, prior authorization and decreased reimbursements all have a big role in the future of gastroenterology.
'ASCs are the future:' How MemorialCare Medical Foundation’s new CEO wants to change healthcare
David Kim, MD, was recently appointed CEO of MemorialCare Medical Foundation, a Fountain Valley, Calif.-based medical group encompassing MemorialCare Medical Group, Greater Newport Physicians and more than 200 outpatient care centers.
'It's a scam': Why 2 practices no longer accept Medicare Advantage patients
Health systems have been cutting ties with Medicare Advantage plans left and right, including Raleigh, N.C.-based WakeMed and Zanesville, Ohio-based Genesis HealthCare System.
How 6 spine surgeons approach physician safety
Healthcare professionals have faced increased risks in the last year. Violence against healthcare workers saw a significant increase globally in 2022. Meanwhile there are regular risks in the operating room with radiation exposure and other illnesses.
ASC Management
USPI has 30 de novo ASCs in pipeline, sees 'consistently positive' M&A environment
Dallas-based United Surgical Partners International, part of Tenet Healthcare, had a successful third quarter with continued service line and revenue growth.
This leader went from ASC CEO to Congressional candidate — here's how
Austin Cheng, CEO of New York City-based Gramercy Surgery Center, is running to represent New York's 3rd Congressional District.
Future-proof ASCs: 10 popular strategies
ASC owners and administrators are keeping an eye on big trends in healthcare and making significant investments to "future-proof" their centers.
HCA 'unfavorably impacted' by its physician staffing deal: 5 things ASCs should know
Nashville, Tenn.-based HCA Healthcare's third-quarter financial results were "unfavorably impacted" by its physician staffing joint venture, CEO Sam Hazen said during an Oct. 24 earnings call transcribed by Seeking Alpha.
THOUGHT LEADERSHIP
'ASCs are the future:' How MemorialCare Medical Foundation’s new CEO wants to change healthcare
David Kim, MD, was recently appointed CEO of MemorialCare Medical Foundation, a Fountain Valley, Calif.-based medical group encompassing MemorialCare Medical Group, Greater Newport Physicians and more than 200 outpatient care centers.
The less-discussed threat to ASC growth
Les Jebson, regional administrator at Greenville, S.C.-based Prisma Health, joined Becker's to discuss the threats to outpatient growth and what procedures are moving to the ASC setting.
Why ASC leaders are hopeful
From positive work culture to a prioritization of self care, five ASC leaders joined Becker's to discuss what is making them hopeful.
6 principles to ASC success: An administrator's guide
Joe Peluso, administrator at Aestique Surgical Center in Greensburg, Pa., joined Becker's to discuss his ASC teams' approach to leadership.
'It's a scam': Why 2 practices no longer accept Medicare Advantage patients
Health systems have been cutting ties with Medicare Advantage plans left and right, including Raleigh, N.C.-based WakeMed and Zanesville, Ohio-based Genesis HealthCare System.
ORTHOPEDICS
'No other industry would tolerate this': The problem with prior authorization in spine surgery
The prior authorization system is seen as flawed by many surgeons working in orthopedics, spine surgery and beyond.
Are insurance companies determining the future of orthopedics?
As the orthopedic industry continues to innovate with new robotic, 3D-printed and GPS-guided navigation options, physicians are concerned that insurance companies won't be open to covering new care options.
How 6 spine surgeons approach physician safety
Healthcare professionals have faced increased risks in the last year. Violence against healthcare workers saw a significant increase globally in 2022. Meanwhile there are regular risks in the operating room with radiation exposure and other illnesses.
Artificial disc market to crack $1B by 2030
The artificial disc replacement market is expexted to surpass $1.3 billion by 2030, according to Vantage Market Research.
GASTROENTROLOGY
3 forces disrupting gastroenterology
Artificial intelligence, prior authorization and decreased reimbursements all have a big role in the future of gastroenterology.
Male, female GIs see significant gap in Medicare reimbursement
Male and female gastroenterologists see a significant gap in CMS reimbursements, according to a 2023 report published by the University of Virginia Health System in Charlottesville.
Olympus issues Class I recall for endoscopy devices following patient death
Olympus Corporation has issued a Class I recall for its high-flow insufflation unit UHI-4 used to facilitate laparoscopic and endoscopic observation, diagnosis and treatment.
What will the gastroenterology industry look like in 10 years?
From robot nurses to a change in how patients are cared for, the gastroenterology industry could look vastly different in 10 years.
Why gastroenterology is attractive to private equity
Gastroenterology practices have become increasingly attractive to private equity firms in the past several years, according to a May 2023 report from Ann Arbor-based University of Michigan's Division of Gastroenterology and Hepatology.
TRANSACTIONS
USPI revenue jumps 16.7%: 6 notes
Dallas-based United Surgical Partners International, Tenet Healthcare's ASC chain, hit $941 million in third-quarter operating revenue, an increase from $806 million the year prior, according to financial results released Oct. 30.
Healthcare real estate firms merge in $21B deal
Two major healthcare real estate firms, Milwaukee, Wis.-based Physicians Realty Trust and Denver-based Healthpeak Properties, announced plans to merge in a deal valued at $21 billion.
HCA outpatient revenue jumps 37% while operating income dips
Nashville, Tenn.-based HCA Healthcare reported a 37.4 percent jump in outpatient revenue in the third quarter while its operating income was down 4.1 percent from the previous year.
What to know about Envision's ASC ownership swap
In May, ASC operator and physician services company Envision Healthcare filed for Chapter 11 bankruptcy. As a result of the filing, Envision's ASCs are set to swap owners.
4 Connecticut ASCs avoid bankruptcy through ownership swap
Four ASCs in Connecticut have been saved from bankruptcy through a change of ownership, Hartford Business reported Oct. 11.
HEALTHCARE NEWS
Why health systems are relying more on interim leadership
Amid leadership turnover, hospitals and health systems have various choices in terms of filling executive positions, such as appointing a successor from inside the organization or selecting an external — or internal — professional to take the role on an interim basis during the search for a permanent replacement.
'We're them and they are us': Inside Advocate Health's community engagement strategy
Gwendolyn Oglesby-Odom, EdD, MSN, RN, began serving as enterprise vice president of community engagement for Charlotte, N.C.-based Advocate Health in September, and she brought more than two decades of healthcare experience to the role.
'Quiet thriving' a positive spin on 'quiet quitting'
The phrase "quiet quitting" — referring to a phenomenon in which employees reduce their enthusiasm at work and stick to the minimum expectations of their role — gained traction on social media and in the news in 2022, and continues to be referenced today. Other phrases have also gained traction in recent years as workers were reassessing their work and roles, including "grumpy staying" and "bare minimum Mondays."
Healthcare is a hot spot for female CEOs
Healthcare companies and hospitals are among the industries most likely to appoint a female CEO, according to an Oct. 19 report from Challenger, Gray & Christmas.