Articles
Understanding the Market for ASC Administrators
| Understanding the Market for ASC Administrators |
|
| Written by Stephanie Wasek | |
| Sunday, 29 June 2008 | |
|
Whether you're looking to fill an empty slot or just want to ensure you remain competitive in order to keep your administrator, here are four keys to understanding the current market, according to experts.
1. Seeking the complete package In order to meet that end, ASCs seek out two types of administrators, says Joe Feldman, president of The Spring Group, which runs www.AmbulatorySurgeryCenterCareers.com: BSN (master's preferred) with ASC experience, or MBA with some healthcare background. "With freestanding, hospital-partnered or corporate-partnered facilities, I find them leaning toward the strong clinical background with some management experience," he says. "I think that is driven by the mindset that a nurse understands physician needs more than a straight-up administrator. But a nurse must have a strong financial background for it to be successful. The management companies are more likely to look for the MBAs, I find, because they're focused on strong financial acumen to run the business. Because that's what an ASC is: a business." And the ASC business has become increasingly complex over the past two decades. "It's just not fair to expect a BSN or MSN to understand cash flow models and capital funding unless they have some experience with it," says Mr. Feldman. Roger Manning, the president of Manning Search Group, agrees. "ASCs now need someone who knows about general management, can oversee clinical and financial operations, can manage a profit and loss statement, understands investing and syndication, and who also has a personality conducive to marketing the center to physicians," he says. "It shows that the ASC is a business, and it needs to be run like a little corporation. To be competitive in the market, ASCs have to look for the complete package."
2. Changing salary models "You don't see this as much in hospitals, where they figure out what they are going to pay you based on credentials and experience," says Mr. Feldman. "Here, productivity counts. Packages breaking down the facilities goals and the bonuses based on achieving each of those goals are being offered more often. It helps the employer get what it wants, helps the employee serve the employer well and, further, recognizes the value that the administrator brings. What better way to say, 'Thank you for your efforts'?"
3. Increasing responsibility "Depending on the philosophy of the company, we're seeing some hire administrators that have 'been there, done that,' and can manage operations independently while the director of operations oversees things," says Mr. Besheer. "In other cases, we're seeing administrators charged with running clinical operations, while the director of ops is highly involved on the business side, with negotiations and the like. In all cases, they're looking for executive-level positions to take on more responsibility than ever."
4. Staying within the market "A lot of employers are focused on bringing in people who are already within the marketplace," says Mr. Feldman. "The reasons are the cost of relocation, the difficulties with the housing market in many prime regions across the country, and wanting people who already understand the market and who already have good, solid relationships with physicians in the area." |
- 10 Valuation Facts and Statistics for ASCs
- 10 Benchmarking Statistics for Ambulatory Surgical Centers
- 10 Interesting Facts and Statistics for ASCs
- 10 Keys to Turning Around Financially Troubled ASCs
- California Licensure and Accreditation Concerns -- Ambulatory Surgery Centers
- N.J. Decision May Cause Big Challenges for State's Physician-Owned ASCs
- Establishing an Ambulatory Surgery Center: A Primer from A to Z
- CMS Proposes 3 Percent Increase for Outpatient Services, Adding 9 Procedures to ASC List
- The Fraud and Abuse Statute and Investor-Owned Ambulatory Surgery Centers
- Top 10 Billing Errors ASCs Make
- Orthopedic Coding in ASCs - An Audio Conference
- 12 Interesting Statistics From the VMG Health Endo Centers Financial and Operational Benchmark Study
- Litigation Against ASCs on the Upswing
- Compensation Up for 8 Core Specialties That Regularly Practice in ASCs
- Ambulatory Surgery Centers and Physician-Owned Hospitals - What Causes the Political Chasm
Ambulatory Surgery Center
| Surgery Center Education |
| Selling a Surgery Center |
| Business Issues |
| Planning |
| Safe Harbor Surgery Center |
| Legal Issues |
White Papers
| White Papers |
Healthcare Business
| Legislation |
| Legal Issues |
| Business Issues |
Outpatient Surgery
| Business Issues |
| Outpatient Surgery |
| Outpatient Surgery Center |
About Becker's ASC Review
| About Us |
| About Scott Becker |
| Exhibiting |
| Advertising |
| eNewsletter |
| Subscribe |
| Contact Us |
| Previous Issues |









