That’s why they hire administrators, nurse managers and other leaders to run their business successfully. But there are a few points surgeons definitely need to know at investor meetings or board meetings to make the right decisions for their business and clinical practice.
Here are 11 of the key points about the ASC to share with physician investors:
• Earnings
• Cost and profit per case
• Revenue
• Net gain/loss
• Reimbursement/managed care changes
• Capital investments
• Where the center misses financial benchmarks
• Infection rate
• Expenditures (especially when they fluctuate)
• Progress on strategic goals
• Regulatory updates impacting their practice
These points can give a bird’s eye view of how the center is doing.
More articles on surgery centers:
How consumerism will change healthcare—Key concepts for ASC owners
13 hospitals, health systems opening or planning ASCs
A prescription for heartbreak: Issues when physicians divorce
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.