Q: What impact is the economy having on ASCs?
Richard Pence: Physicians reported lower patient volume in their offices in January and part of February, resulting in fewer surgeries. Office visits have increased, but many patients are choosing to defer their surgeries.
Q: What is the most important thing an ASC can do in 2009 to preserve profits?
RP: Be diligent with expense control. Market services to new surgeons as well as to current users.
Q: Are there opportunities in the ASC market now?
RP: There should be opportunities assuming seller (price) expectations are adjusting down with the overall market. The potential prospect of the government becoming a payor for half of the population makes projections over the next five years challenging and very conservative. It would be almost impossible to project an increase in net revenue per case.
If you would like to share your thoughts regarding these issues, please send them to Scott Becker at sbecker@mcguirewoods.com.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.