ASC Turnarounds: Ideas to Improve Performance
3 Reasons to Partner With a Management Company: Q&A With Buddy Bacon of Meridian Surgical Partners
Buddy Bacon is CEO of Meridian Surgical Partners.
Q: We have a successful, independent ASC. Is there any value in our considering a majority or minority partnership with a management company?
Buddy Bacon: Over the years, we have looked at many independent ASCs and found that the majority of them are very well managed. One way a management company can make an impact is through managed care contracting. Based upon the resources that a management company can bring to the table, it is in a better position to work with the payors to obtain a new contract or renegotiate an existing contract.
Secondly, some independent ASCs may need additional physician partners to sustain growth. Recruitment is a time-consuming effort for both the physicians and administrators. A management company can provide the expertise needed to take this burden off the physician partnership.
Third, the financial performance of independent ASCs is all across the board. A management company can provide a level of sophistication to several areas of an ASC to streamline operations as it relates to budgeting, expense management, purchasing and benchmarking.
Learn more about Meridian Surgical Partners.
© Copyright ASC COMMUNICATIONS 2011. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
Latest Articles
- Bill Would Give FDA Power to Block Medical Devices Similar to Recalled Devices
- Researchers Suggest Adding Patient Safety Professional to Medical Staff
- Minnesota Health Department Memo Outlines 9 Ways to Improve Endoscope Reprocessing
- Patient Safety Tool: 6 Patient Safety Posters From the Renal Physicians Association
- Staff Education Tool: Adult Treatment Guidelines for Upper Respiratory Tract Infections
