Q: What impact is the economy having on ASCs?
Tom Mallon: We are seeing lower case volumes by 7 percent overall compared to the budget. It is too early for cash to be affected.
Q: What is the most important thing an ASC can do in 2009 in order to preserve profits?
TM: Three things: control expenses, control expenses, control expenses.
Q: Are there opportunities in the ASC market now?
TM: More centers are in trouble, and more hospitals are in trouble. Both need assistance from management companies. So prospects are out there.
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.