From: Scott Becker <>
Subject: [Becker's ASC E-Weekly] How Often Should an ASC Make Distributions?; N.Y. Times Reports on Physician-Owned Hospitals, Legislation; Comment on CMS Analysis of Bariatric Surgery; ASC Mergers and Acquisitions Audio Conference Announced
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June 17, 2008
Latest ASC and Hospital News and Analysis

1. Fee Splitting Arrangement Between Physicians and Medical Biller Invalidated by Court. Click Here button

2. N.Y. Times Reports on Physician-Owned Hospitals. Click Here button

3. Comment on CMS Analysis of Bariatric Surgery for Treatment of Diabetes. Click Here button

4. Malice in Peer Review Leads Court to Uphold Injunction. Click Here button

5. Inova Health Ends Merger Attempt Due to FTC Challenge. Click Here button

6. Ambulatory Surgery Center Transactions: Successful Strategies for Mergers, Acquisitions, Divestitures and Restructuring -- Audio Conference Announced for July 24. Click Here button

7. Save the Date: ASC Communications and the Ambulatory Surgery Foundation present the 15th Improving Profitability, and Business, Strategic, Clinical and Legal Issues for ASCs -- Oct. 23 to 25. Click Here button

8. New Web Site Addresses Latest Endoscopic Sedation Practices and Safety. Click Here button

Medtegrity 12 weeks consec
Benchmarking Statistic Question: ASC Distribution Intervals

Q: How often should an ASC make distributions?

A: Jim Cobb, CEO of Orion Medical Services: "We have found that physician-owners prefer that distributions be made on a monthly basis. It eliminates the need for the ASC manager or management company to find an interest-bearing account until the distribution is made, especially if it is made on a quarterly or annual basis. It also helps retain a great nexus between the center's results and its owners.

"In all our centers, we make the distribution before the 15th of the following month. When your center is distributing profits in substantial amounts, it increases the need to distribute those profits sooner than later to avoid the build-up of significant cash balances.

"We have quarterly meetings after a new center is stabilized, which usually takes from one year to 18 months. A new center should have monthly meetings with the regional VP for operations for that region or the management of the center and the physician-owners or executive committee."

Learn more about Orion.

Surgical Notes new for 17x run
What Is the Best Way to Retain, Reward Staff?

Q: What is your best suggestion for retaining great staff? What do you do to recognize staff members who have been with your facility five years? Ten years?

-- submitted by Marcy Sasso of ASC of Union (N.J.) County

E-mail Rob Kurtz your thoughts to this question. Be sure to include your name, title and business name. Next week, we will publish a selection of the responses we receive and choose one response as our "featured answer." For answers to last month's question, click here.

Surgical Hospital Seeks MDs

Surgical specialty hospital seeks board certified physician candidates in the following specialties: gynecology, podiatry, orthopedics or neuro/spine, and pain management. Fully licensed acute-care hospital with adjacent medical office building is located in idyllic southwest-Colo. mountain town. Skiing, kayaking, mountain biking, great public schools and four-year liberal arts college. For inquiries, please contact Brett Gosney, CEO, Animas Surgical Hospital, at (970) 385-2360.

Meridian begin 0520
Seeking Sales Professional

We are seeking a sales superstar: someone who is very smart and is always on and wants to grow into a leadership position. You would be selling advertisements for an industry-leading magazine, as well as exhibits and sponsorships for conferences and audio conferences. Experience is preferred but secondary to great work ethic, great initiative, great people skills and high intelligence.

If you are interested or know someone who is, please e-mail Scott Becker or Jessica Cole.

Seeking PHO Managed Care Consultant

We are seeking a consultant with expertise in developing a PHO for MSO and managed care contracting purposes.

If you are interested or have suggestions, please e-mail Scott Becker.

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Contact us toll-free: (800) 417-2035

Thank You to 10 Great Companies

1. Alcon Labs. Alcon is a leading developer and manufacturer of surgical, pharmaceutical and consumer vision care products. Learn more about Alcon.

2. B. Braun. B. Braun collaborates with customers, partners and employees to develop innovative surgical products, services and education programs. Read more about B. Braun.

3. Acclarent. Acclarent is the maker of the novel, endoscopic, catheter-based Balloon Sinuplasty device for sinus surgery. Learn more about Acclarent.

4. zChart. zChart EMR was developed by dozens of healthcare professionals at multi-specialty ASCs, exclusively for everyday ASC use. Get more information about zChart.

5. CareCredit. CareCredit lets patients pay in full, while your center gets paid in two business days with no responsibility if the patient delays or defaults. Learn more about CareCredit.

6. Titan Health. Titan is a nationwide surgery center development, acquisition and management company that partners with hospitals and physicians to develop successful, multi-specialty ASCs. Read more about Titan.

7. MedHQ. MedHQ is an expert in accounting, revenue cycle, human resources and credentialing services. Learn more about MedHQ.

8. ProVation Medical. ProVation Medical has created ProVation EHR, an electronic health record designed for busy, cost-conscious ASCs. Read more about Provation.

9. Healthmark Partners. HealthMark Partners owns and operates single and multi-specialty ASCs nationwide by creating joint-ventures with physicians or physicians and hospitals. Read more about HealthMark.

10. Medline. Medline seeks to provide quality products and cost containment solutions to healthcare providers while enhancing the quality of patient care. Learn more about Medline.

Upcoming ASC Events
6th Orthopedics-, Pain Management- and Spine-Driven ASC Conference
June 19 to 21, 2008

ASC Transactions: Successful Strategies for Mergers, Acquisitions, Divestitures and Restructuring
July 24, 2008
Audio Conference

15th Improving Profitability, and Business, Strategic, Clinical and Legal Issues for ASCs
Oct. 23 to 25, 2008

For a complete list of upcoming events, click here
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