First Surgical Partners, a company that provides non-emergency surgeries through its two ambulatory surgery centers and a general acute-care hospital, has provided an update on its current operations, according to a MarketWatch report.
Total case volume increased by 3.1 percent to 3,137 cases for the six months ended June 30, 2011, up from 3,043 the same period a year ago. The company also added three new physician partners during that six month period, bringing its total surgical staff to 37.
First Surgical plans to exit 2011 with approximately 45 physician partners. The company also plans to convert its existing ASCs to a hospital outpatient department during the fourth quarter ending Dec. 31, 2011. Following the conversion, the company expects its average net revenue per case to increase approximately 17 percent, from $7,680 under the ambulatory surgery designation to $8,970 in the fourth quarter of 2011.
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Total case volume increased by 3.1 percent to 3,137 cases for the six months ended June 30, 2011, up from 3,043 the same period a year ago. The company also added three new physician partners during that six month period, bringing its total surgical staff to 37.
First Surgical plans to exit 2011 with approximately 45 physician partners. The company also plans to convert its existing ASCs to a hospital outpatient department during the fourth quarter ending Dec. 31, 2011. Following the conversion, the company expects its average net revenue per case to increase approximately 17 percent, from $7,680 under the ambulatory surgery designation to $8,970 in the fourth quarter of 2011.
Related Articles on Transactions and Valuation:
Pennsylvania Surgery Center Closes Doors Due to Low Case Volume
New York's Eastern Niagara Hospital Receives Approval for Surgery Center
Meridian Surgical Partners Opens New Louisiana Surgery Center in Zachary