September/October 2022 Issue of Becker's ASC Review
ON THE COVER
USPI to run up to 600 ASCs by end of 2025: 8 notes
The ASC market is expected to be Dallas-based Tenet Healthcare's main growth driver in the coming years, with the company's surgery center business, United Surgical Partners International, aiming to have 575 to 600 ASCs by the end of 2025.
CMS ups inpatient rates 4.3% for 2023; what should ASCs expect?
CMS plans to boost acute care hospital pay 4.3 percent next year, as long as the hospitals comply with quality data reporting.
3 ways ASCs are seeking to drive revenue
As supply and labor costs skyrocket, many ASC leaders are seeking new ways to drive revenue.
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.
ASC chain with 1,079% 3-year growth makes the Inc. 5000 list
Inc. has named Atlas Healthcare Partners, which manages and develops ASCs, to its 2022 list of fastest-growing companies in the U.S.
What nurses, support staff crave from employers today
Nurses and support staff are a critical part of any spine surgeon's practice, but recruiting and retaining top-tier talent is becoming increasingly challenging in the healthcare labor market.
ASC-payer negotiations: 1 CEO's advice for securing the right contracts
Negotiating contracts with commercial payers is one of the most challenging and fatiguing aspects of an ASC administrator's role. But there are core strategies administrators should consider when sitting at the table with insurers, including arming oneself with cost and outcomes data, understanding the market and fostering good relationships with negotiators.
$70M Olathe Health expansion includes 2 ASCs
Olathe (Kan.) Health is kicking off a $70 million expansion that will include two ASCs, the Kansas City Star reported Aug. 4.
The growth strategy of 3 major ASC chains
United Surgical Partners International, Surgery Partners and SCA Health are three of the biggest ASC chains, and are looking to different avenues for growth in the coming years.
New PE-backed spine device company targets ASC surgeons
Inspan merged with Sacrix to form Insrix, a new spine device company, effective July 1.
Behind the opposition to 3 ASCs
This year, three ASCs, two of which have been cleared for construction, faced opposition from a variety of players.
'ASCs have to be nimble': How ASCs can face potential financial losses
Amid the COVID-19 pandemic-spurred economic downturn, many ASCS are looking to the 2008 recession as a blueprint for rebounding and growing.
USPI to run up to 600 ASCs by end of 2025: 8 notes
The ASC market is expected to be Dallas-based Tenet Healthcare's main growth driver in the coming years, with the company's surgery center business, United Surgical Partners International, aiming to have 575 to 600 ASCs by the end of 2025.
What nurses, support staff crave from employers today
Nurses and support staff are a critical part of any spine surgeon's practice, but recruiting and retaining top-tier talent is becoming increasingly challenging in the healthcare labor market.
Hawaii endoscopy clinic gets OK to build $2.5M ASC
Ohana Endoscopy Clinic was cleared to build a $2.5 million outpatient surgery center in Kapolei, Hawaii, a state health planning and development agency document shows.
How to get back to the ASC heydays
For Greg Horner, MD, managing partner at Pleasanton, Calif.-based HealthPoint Ambulatory Surgery Co., 2008 was the heyday of the ASC industry despite the country's economic downturn.
2008 vs. 2020: ASC leaders on how the recessions compare
The COVID-19 pandemic triggered a historic global economic downturn, and although there might be no directly comparable events from recent years, another crisis triggered a global recession in 2008.
Where 5 physician owners see big growth in the next 2 years
Five surgeons and ASC owners talk share how they're thinking about growth and investments in the next two years.
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.
ASCs operating at 'breakneck' speed to compete with HOPD staffing
Sandra Berreth, RN, director of the Foothill Surgery Center at Sansum Clinic in Santa Barbara, Calif., joined Becker's to discuss the solutions to the biggest challenges in ASCs today.
How 1 company attracts talented employees despite staffing shortages
Ronjon Paul, MD, serves as a spine surgeon and as chair of the spine surgery department at Naperville, Ill.-based Duly Health and Care.
Ground broken for 100K-SF joint venture ASC, endoscopy center
Gastroenterology group MNGI Digestive Health and Allina Health, both based in Minneapolis, broke ground on a joint venture multispecialty clinic, ASC and endoscopy center, REJournals reported June 30.
Ground broken for Wisconsin joint venture orthopedic ASC
Altoona, Wis.-based Chippewa Valley Orthopedics and Sports Medicine and its partner, physician-owned management and development company Surgical Management Professionals, are building a new clinic and ASC, The Chronotype reported Aug. 23.
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.
PE company, Magruder Eye Institute form strategic partnership
Investment adviser Chicago Pacific Founders has partnered with two Florida-based ophthalmology providers, Magruder Eye and Robson Eye Institute, to form Ascend Vision Partners.
NAPA partners with North Carolina ASC
North American Partners in Anesthesia partnered with Wilmington (N.C.) Health Ambulatory Surgery Center.
Twin Cities Orthopedics CEO sees 'regional play' as next big growth opportunity
Minneapolis-based Twin Cities Orthopedics and Ridgeview, a four-hospital system, are building the Orthopedic Institute on the health system's Chaska, Minn., campus.
Texas spine surgeon defending himself from 'Dr. Death 2.0' allegations
A Texas spine surgeon is speaking out about inconsistencies in a lawsuit set to go to trial in October, The Fort Worth Star-Telegram reported Aug. 8.
How 4 spine practices recruit and retain staff
Soaring inflation, a rising physician shortage and workers leaving the healthcare industry because of the COVID-19 pandemic are some of the factors making it difficult for orthopedic groups, hospitals and ASCs to recruit and retain top-tier clinical and administrative talent.
New PE-backed spine device company targets ASC surgeons
Inspan merged with Sacrix to form Insrix, a new spine device company, effective July 1.
Orthopedic surgeons per capita for all 50 states
Almost 23,000 orthopedic surgeons practice in the U.S., according to Definitive Healthcare's PhysicianView, which includes data on more than 2 million physicians, nurses and other healthcare professionals in the U.S.
Medtronic's Dr. Austin Chiang discusses Amazon partnership, cancer screening equity
Healthcare technology company Medtronic announced in February its partnership with Amazon Web Services to create a health equity assistance program, a program set to donate GI Genius endosocopy modules to facilities in low-income and underserved communities to increase access to AI-assisted colorectal cancer screenings.
Gastroenterology remains 'solid, steady' investment option: 2 deals to know
Gastroenterology and urology remain steady investment opportunities in 2022, according to an Aug. 14 article in JDSupra from the law firm Bass, Berry & Sims.
Gastro Health vs. GI Alliance vs. PE GI Solutions: An update on GI's biggest players
Gastro Health, GI Alliance and PE GI Solutions are three of the largest private equity-backed gastroenterology groups in the industry.
'#Guttok': How social media is making gastroenterology more accessible
TikTok content creators are using the app to share information on gut health conditions, treatment tips and personal experiences, CNBC's millennial-focused website Make It, reported Aug. 1.
GI Alliance lands $785M private equity investment
Southlake, Texas-based GI Alliance has received a $785 million investment from private equity firm Apollo Global Management, Bloomberg reported Aug. 19.
UnitedHealth's year of acquisitions: 5 major deals to know
UnitedHealth, parent company of Optum and ASC chain SCA Health, is having a huge year for acquisitions.
HCA acquires 6th ASC in San Antonio
HCA Healthcare acquired an interest in San Antonio-based Stone Oak Surgery Center, in collaboration with 11 physician partners.
Surgical hospital, endoscopy center property acquired for $67.5M
The property housing Post Falls, Idaho-based Northwest Specialty Hospital was acquired for $67.5 million.
$27.2M ASC real estate sold in Alabama
Vestavia Hills, Ala.-based Vestavia Medical Center, a multitenant facility that houses an ASC, has sold for $27.2 million, REBusiness Online reported Aug. 10.
HCA acquires Performance Health Surgery Center with 5 physician partners
HCA Healthcare has expanded its network of 153 ASCs by acquiring interest in Performance Health Surgery Center in Fort Myers (Fla.) along with five physician partners.
Practices see more patients, bill more after private equity acquisitions: study
Private equity firms that acquire physician-owned practices may be upcoding or up-charging insurance, according to researchers at Oregon Health and Science University in Portland.
5 best, worst states for women's healthcare in 2022
Hawaii earned the top spot for women's healthcare on a ranking by SmartAsset, while Mississippi ranked the lowest.
HCA, AdventHealth and Novant compete for hospital beds in North Carolina
The North Carolina Department of Health and Human Services' Division of Health Services Regulation is reviewing three proposals for a hospital expansion project in Buncombe County, N.C., according to an Aug. 15 report from Blue Ridge Public Radio.
CVS Health reportedly pursued One Medical before Amazon
Before Amazon entered an agreement to buy One Medical for $3.9 billion in July, CVS Health approached the primary care company with interest to align, Bloomberg reported Aug. 10.
Biden signs Inflation Reduction Act into law: 7 healthcare takeaways
President Joe Biden signed the Inflation Reduction Act into law Aug. 16. The sweeping $739 billion reconciliation package contains a number of significant healthcare provisions.