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5 Ways to Improve Your Financial Health in Today's Challenging Economy

Written by Rob Morris
Thursday, 08 January 2009
Today’s economy is very unsettling. Many people are struggling to pay their mortgages and bills, and late payments and defaults are rising at a rapid rate. To protect and improve the financial health of your ASC during these challenging economic times it’s important to realize that today’s patient is very different from the same patient you might have been safe extending credit to just two years ago. Here are five ways you can improve the financial health of your ASC and help your patients with the economic challenges they may be facing.
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Statistics on Surgery Center Staff Hourly Wages and Administrator Salary by Region

Written by Staff
Thursday, 08 January 2009
Here is an analysis of the average staff hourly wages and the administrator's salary in an ASC by region of the county, according to the VMG Health 2008 Intellimarker.
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Louisiana Hospital Spends $28 Million on New Property, Acquires Two Surgery Centers

Written by Staff
Thursday, 08 January 2009
Our Lady of the Lake Regional Medical Center (OLOL) in Baton Rouge, La., purchased 60 acres and two former outpatient surgery center for $28 million, according to The Advocate.
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ASC Case Volume Mix as a Percent of Total Cases From the VMG Health 2008 Intellimarker

Written by Staff
Wednesday, 07 January 2009
Here is a breakdown of the case volume mix as a percent of an ASC's total cases from the VMG Health 2008 Intellimarker. Analysis is provided for the average of all surveyed facilities; facilities with a net revenue of less than $4.5 million; facilities with net revenue from $4.5 million to less than $7 million; and facilities with net revenue of $7 million and higher.
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Greg Zoch of Kaye/Bassman Offers 3 Observations for ASCs Seeking a Partner

Written by Ariel Levine
Wednesday, 07 January 2009
Given the recent surge of ASC mergers and acquisitions, Greg Zoch of Kaye/Bassman International Corp. offers three observations of the market and offers suggestions for ASCs seeking a potential partner.
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Nursing Shortage Challenging Organizations Nationwide

Written by Staff
Tuesday, 06 January 2009
A dearth of applicants for nursing jobs is forcing recruiters to try a variety of creative methods just to get qualified individuals to visit organizations, according to the Associated Press.
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U.S. Healthcare Spending Increases at Lowest Rate Since 1998

Written by Mark Taylor
Tuesday, 06 January 2009
CMS Office of the Actuary announced that 2007 U.S. healthcare spending increased at the lowest rate of growth since 1998, according to a teleconference held Jan. 5.
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Massachusetts Healthcare Programs Want State Bailout Funds

Written by Staff
Monday, 05 January 2009
A coalition of three dozen social service, healthcare, labor and legal groups are asking Massachusetts Gov. Deval Patrick to use part of the federal stimulus package the state will receive late January to support healthcare programs, according to The Boston Globe.
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New Study Finds Outpatient Care is the Fastest Growing Segment of Healthcare

Written by Staff
Monday, 05 January 2009
In a new report on the healthcare economy released by the McKinsey & Company’s McKinsey Global Institute, the international consulting firm found that outpatient care was the fastest growing segment of healthcare spending, rising to $850 billion in 2006, about two-thirds ($436 billion) more than McKinsey analysts expected.
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Update on Weight-Loss Surgery: 3 Current Trends

Written by Stephanie Wasek
Monday, 05 January 2009
When you consider that, according to the American Society for Metabolic and Bariatric Surgery, just 1 percent of the nation's 15 million morbidly obese, who make up about one-third of the total population, have undergone weight-loss surgery, it's clear the market has a lot of growth ahead. Here are three trends experts say will help drive that growth.
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BCBS, Zagat Partner to Offer Customer Rankings and Reviews of North Carolina Physicians

Written by Staff
Tuesday, 23 December 2008
Blue Cross and Blue Shield (BCBS) of North Carolina has launched a free, online survey tool in partnership with Zagat and WellPoint that allows BCBS of North Carolina customers to rate their experiences with physicians, according to a BCBS of North Carolina press release.
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