October 2022 Issue of Becker's ASC Review
ON THE COVER
The biggest disruptors of the ASC industry
From high patient deductibles to supply chain issues, five ASC leaders joined Becker's to discuss the biggest disruptors of the industry.
ASC leaders continue to grapple with staffing issues
In today's environment, staffing challenges continue to be one of the biggest issues ASC leaders are up against.
Top 5 ASC chains by market share
There is a huge growth opportunity for ASC chains, as around 70 percent of freestanding surgery centers remain independent, according to VMG Health's "Annual Healthcare M&A Report 2022."
Why orthopedics is the golden ticket for ASCs
Orthopedics may be ASCs' best option for running a profitable and successful center.
$194M Chicago ASC cuts ribbon
The University of Illinois Chicago has cut the ribbon on a $194 million project that features an ASC, the academic health system said Sept. 13.
UW-Madison orthopedic head steps down after proposed ASC denied
Thomas Zdeblick, MD, who was chair of orthopedics at the University of Wisconsin-Madison, resigned after his plan for a majority physician-owned ASC was denied, the Wisconsin State Journal reported Sept. 12.
Compass Surgical Partners hires 3 execs to meet ASC market demand
Compass Surgical Partners, an ASC developer and manager, has added three new members to its team to help its hospital and surgeon partners adapt to growing market demand.
What procedures are migrating to ASCs?
COVID-19 has accelerated the migration of surgeries to the outpatient setting, and many administrators expect the trend to continue.
GI Alliance finalizes $785M physician-led buyout
Southlake, Texas-based GI Alliance has finalized its physician-led buyout facilitated by a $785 million investment from private equity firm Apollo Hybrid Value.
ASC CEO's 3-part strategy to weather financial challenges
Michael Grant, CEO of the Surgery Center of Amarillo (Texas), joined Becker's to discuss how his ASC is tackling financial challenges.
ASCs with 25%+ orthopedic case volume are best positioned to thrive, CEOs say
Orthopedic surgeries have increasingly shifted to the ASC setting in the last 10 years as minimally invasive technology advanced. More recently, CMS, commercial payers and patients have pushed these procedures to the ambulatory environment, where they can be done safely and at a lower cost than the inpatient setting.
ASC MANAGEMENT
Top 5 ASC chains by market share
There is a huge growth opportunity for ASC chains, as around 70 percent of freestanding surgery centers remain independent, according to VMG Health's "Annual Healthcare M&A Report 2022."
Compass Surgical Partners hires 3 execs to meet ASC market demand
Compass Surgical Partners, an ASC developer and manager, has added three new members to its team to help its hospital and surgeon partners adapt to growing market demand.
$194M Chicago ASC cuts ribbon
The University of Illinois Chicago has cut the ribbon on a $194 million project that features an ASC, the academic health system said Sept. 13.
Intermountain hospital opens orthopedic, urology focused ASC
St. George (Utah) Regional Hospital, which is part of Salt Lake City-based Intermountain Healthcare, opened an orthopedic and urology focused ASC, St. George News reported Sept. 19.
Becker's debut ranking of all 50 states for private practice physicians
A physician looking to go into private practice has to think about several factors when settling on a location. Prominent among them are the area's average pay, regulatory environment, amount of competition and individual insurance market.
THOUGHT LEADERSHIP
ASCs with 25%+ orthopedic case volume are best positioned to thrive, CEOs say
Orthopedic surgeries have increasingly shifted to the ASC setting in the last 10 years as minimally invasive technology advanced. More recently, CMS, commercial payers and patients have pushed these procedures to the ambulatory environment, where they can be done safely and at a lower cost than the inpatient setting.
What procedures are migrating to ASCs?
COVID-19 has accelerated the migration of surgeries to the outpatient setting, and many administrators expect the trend to continue.
The biggest disruptors of the ASC industry
From high patient deductibles to supply chain issues, five ASC leaders joined Becker's to discuss the biggest disruptors of the industry.
ASC CEO's 3-part strategy to weather financial challenges
Michael Grant, CEO of the Surgery Center of Amarillo (Texas), joined Becker's to discuss how his ASC is tackling financial challenges.
'It is a conveyor belt': 5 thoughts on the downside to physician employment
In its 2022 "Employed Physicians Report," Medscape surveyed more than 1,350 physicians employed by healthcare organizations, hospitals, large group practices, clinics or other medical groups about their jobs.
JOINT VENTURES
ValueHealth joint venture to develop multiple ASCs in Ohio
Leawood, Kan.-based ValueHealth has partnered with Chillicothe, Ohio-based Great Seal Medical Group to develop several ASCs throughout Ohio and across the upper Midwest region.
Capitol Pain Institute, private equity firm partner to create pain management platform
An affiliate of Capitol Pain Institute, an interventional pain management provider, and Iron Path Capital, a private equity firm, partnered to create a physician-led consolidation platform.
Orthopedic chain opening joint venture outpatient clinic
Sioux Falls, S.D.-based orthopedic chain InReach Physical Therapy is opening an outpatient clinic in Hillsboro, Ore., with network partner Physical Rehabilitation Network.
Centura Mercy Hospital, USPI partner to build Colorado ASC
Durango, Colo.-based Centura Mercy Hospital has partnered with Dallas-based United Surgical Partners International and local physicians to build a new surgery center.
UAB Medicine opening joint venture ASC
Winfield, Ala.-based Northwest Regional Health and UAB Medicine, based in Birmingham, are partnering for a new surgery center.
ORTHOPEDICS
Top 10 states for orthopedic surgeons to work in 2022: Report
While orthopedic surgeons perform the same job in every state, the work environment, salary and demand for services are not uniform across the country.
Orthopedics, pain most common specialties for ASCs in 2022
ASCs often have a number of different specialities, with orthopedics and pain management being the most common in 2022, according to March data from the ASC Association.
Why orthopedics is the golden ticket for ASCs
Orthopedics may be ASCs' best option for running a profitable and successful center.
Endoscopy, robotics & more: What 8 spine surgeons want to master
Endoscopic spine surgery, robotic procedures and spinal deformity cases are among the skills that these eight spine surgeons are focused on mastering in the next five years.
3 spine robots that hit the US market in the last year
Robotics is still in its infancy in spine surgery, but the technology is expected to play a key role in the future of how spine procedures are performed.
GASTROENTROLOGY
Mid-career vs. late-career GI salaries in 15 largest US cities
New York City has the largest gap in pay between mid-career (8 to 14 years practicing) and late-career (29 to 35 years practicing) gastroenterologists, according to the 2022 salary reporter from Medscape.
GI Alliance finalizes $785M physician-led buyout
Southlake, Texas-based GI Alliance has finalized its physician-led buyout facilitated by a $785 million investment from private equity firm Apollo Hybrid Value.
Ryan Reynolds, Rob McElhenney get colonoscopies on camera
Actors Ryan Reynolds and Rob McElhenney recorded themselves receiving colonoscopies to raise awareness of increasing colon cancer diagnoses among people younger than 50, CNN reported Sept. 14.
Gastroenterologists are the most 'in-demand' specialty, report finds
Gastroenterologists are the most in-demand physician specialty, according to Merritt Hawkins and AMN Healthcare's 2022 "Review of Physician and Advanced Practitioner Recruiting Incentives."
Tips for early career gastroenterologists, per 1 GI
A little patience can go a long way when jump-starting a gastroenterology career.
TRANSACTIONS
Biggest physician group acquisitions to know
Physician groups are increasingly consolidating, and there was a 145 percent increase in deals from 2020 to 2021, according to VMG Health's "Annual Healthcare M&A Report 2022."
Physicians Realty Trust acquires New York medical property, ASC for $81.5M
Physicians Realty Trust, through a joint venture with Dallas-based MedProperties Realty Advisors, has acquired Calko Medical Center in Brooklyn, N.Y., for $81. 5 million.
Pulse Healthcare System to gain majority interest in Crystal ASC
Houston-based Pulse Healthcare System entered an agreement to acquire controlling interest in Crystal Outpatient Surgery Center in the same city.
Maryland medical office complex with ASCs, digestive care center sold
Shady Grove Professional Centers I and II, 103,249-square-foot, multitenant medical office buildings in Rockville, Md., have sold.
CVS Health's $8B deal to buy Signify Health: What ASCs need to know
CVS Health entered a deal to acquire home health company Signify Health for $8 billion Sept. 5.
HEALTHCARE NEWS
How physicians really feel about the incentive bonus system: 10 notes
The average physician bonus in 2022 was around 15 percent of their yearly salary according to an August report from Medscape.
Physician shortages: Appointment wait times average nearly 4 weeks in large cities
The time it takes to schedule a new patient physician appointment in 15 major metropolitan areas increased by 8 percent since 2017 and by 24 percent from 2004, according to Merritt Hawkins' 2022 "Survey of Physician Appointment Wait Times and Medicare and Medicaid Acceptance Rates."
Physicians see spike in misbehavior, report says
Forty-one percent of physicians have seen other physicians behave inappropriately in the workplace in 2022 compared to 35 percent in 2021, according to Medscape's 2022 report "Physicians Behaving Badly."
62 benchmarks on nonprofit hospital CEO pay in 11 metro areas
The compensation of CEOs leading tax-exempt hospitals is but one measure analyzed in Candid's 2022 Nonprofit Compensation Report, which is based entirely on data reported to the IRS.
More hospital CEOs exit as labor challenges persist
More than six dozen hospital CEOs have left their roles this year, according to a Sept. 21 Challenger, Gray & Christmas report.