From: Scott Becker <becker@beckersasc.com>
Subject: [Becker's ASC E-Weekly] Statistics on ASC Staff Hourly Wages and Administrator Salary by Facility Size (Net Revenue) | SCHIP Bill Passes Without Legislation Intended to Shutdown Physician-Owned Hospitals | Speak Live With Brent Lambert, MD, Founder of ASCOA |
Reply: becker@beckersasc.com
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ASCOA: www.ascoa.com
Feb. 5, 2009
Latest News & Analysis

1. Statistics on ASC Staff Hourly Wages and Administrator Salary by Facility Size (Net Revenue) from the VMG Health 2008 Intellimarker. Click Here

2. SCHIP Bill Passes Without Legislation Intended to Shutdown Physician-Owned Hospitals. Click Here

3. 10 Key Principals to Follow When Contracting With Third-Party Payors, by Naya Kehayes of Eveia Health Consulting & Management and Scott Becker. Click Here

4. Speak Live With Brent Lambert, MD, Founder of ASCOA on Turning Around Surgery Centers. Click Here

5. What Percent of Collectibles Should be Spent on Supplies for an Orthopedics- and Pain-Focused ASC, with Luke Lambert of ASCOA. Click Here

6. Top 10 Trends and Events Shaping Medtech in 2009 From Aaron Dickson of Millennium Research Group. Click Here

7. Sebring, Fla., Welcomes New Physician/Hospital Joint-Venture Surgery Center. Click Here

8. 25 Companies for Surgery Centers and Hospitals to Know. Click Here

9. Learn More About Our Featured E-Weekly Advertisers: ASCOA, VMG and B. Braun.


10. Texas Hospital Acquires ASC. Click Here

11. Mercy Health Partners Begins Work on Knoxville Surgery Center. Click Here 

12. Texas Health Partners Names Krystal Mims as New President. Click Here

13. Healthcare Venture Professionals Launches New Web site. Click Here

B. Braun: http://asc.bbraunusa.com/beckers
Should Physicians Earn a Management Fee in Physician/Hospital Joint-Venture ASCs?

Q: In ASCs that are a joint venture between physicians and a hospital, is it common practice for the ASC to pay the physician(s) partner a "management fee" independent of the medical director fee? -- Anonymous

Scott Becker, JD, CPA: It is not common for the physicians to earn a management fee for managing a center. In some situations they are actually serving in a true management capacity and do get paid a management fee. Here they may have set up a group to provide management services and the management fee must be fair market value. It is preferred that it be a fixed annual fee.

Have a question? Contact Scott Becker at sbecker@mcguirewoods.com or simply reply to this E-weekly.

 
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IF YOU HAVE ANY QUESTIONS OR WOULD LIKE TO BE ADDED TO OUR E-WEEKLY UPDATE FROM BECKER'S ASC REVIEW, PLEASE E-MAIL SBECKER@MCGUIREWOODS.COM OR GO TO WWW.BECKERSASC.COM.
Contact us toll-free: (800) 417-2035

VMG: www.vmghealth.com/
10 Great Companies to Know

If you'd like more information about or an introduction to any of these companies, please e-mail Scott Becker.

ASCs Inc. ASCs Inc. helps physician-owners of ASCs form strategic relationships with leading ASC management companies and hospitals, and also represents physician-owners of ASCs and medical office building real estate. Learn more about ASCs Inc.

Congero Development. Congero provides management and development services to surgical centers and other types of healthcare facilities; Congero is a minority owner in its centers and helps with the syndication and all aspects of the operating company. Learn more about Congero.

Cygnus Medical. Cygnus Medical specializes in products and services for the endoscopy suite, the operating room and the sterile processing department. Learn more about Cygnus Medical.

ASCOA. Since 1984, ASCOA's founders have helped physician-owners start and operate successful facilities; ASCOA currently owns and manages 34 facilities across the country with 14 others in development. Learn more about ASCOA.

VMG Health. VMG Health is recognized by leading healthcare providers as one of the most trusted valuation and transaction advisors in the United States. Learn more about VMG.

B. Braun. For 150 years, B. Braun has developed a rich heritage of knowledge and expertise for delivering innovative healthcare products, medical devices and programs designed to improve both patient and health-professional safety. Learn more about B. Braun.

Eveia Health Consulting & Management. Founded by I. Naya Kehayes, MPH, Eveia Health Consulting & Management is comprised of a team of seasoned professionals who are experts in reimbursement management, managed care contracting, and business management with a specialization in ASCs and surgical practices. Learn more about Eveia.

Mnet Collection Agency. Mnet Financial, the preferred collection agency service vendor to United Surgical Partners and Health Inventures, is a receivables management company offering cost effective ways to increase cash flow and reduce debt for professional services. Learn more about Mnet Financial.

Orion Medical Services. Orion Medical Services offers a turnkey approach to ASC development and management by covering all aspects of a project from financial feasibility analysis to site and operational development. Learn more about Orion.

MedHQ. MedHQ is an expert in accounting, revenue cycle, human resources and credentialing services and provides these business office functions to hospitals, ASCs, imaging centers and physician practices nationwide. Learn more about MedHQ.

Upcoming ASC Events
The 7th Annual Orthopedics-, Pain Management- and Spine-Driven ASC Conference
June 11 to 13, 2009
Chicago

The 16th Annual Improving Profits and Business and Legal Issues for ASCs
Oct. 8 to 10, 2009
Chicago

For a complete list of upcoming events, click here
ASC
Quick Links
  • Click here to visit VMG Health.
  • Click here to visit Ambulatory Surgical Centers of America.
  • Click here to visit Amerinet.
  • Click here to visit Meridian Surgical Partners.
  • Click here to visit Serbin Surgery Center Billing.
  • Click here to visit Surgical Notes.
  • Click here to visit Blue Chip Surgical Center Partners.
  • Click here to visit Practice Partners in Healthcare.
  • Click here to visit ProVation Medical.
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