Avanza’s 10 principles for a successful ASC JV

Avanza Healthcare Strategies details the following 10 commandments for a fruitful joint venture between an ASC’s physician investors and a hospital.

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Hospitals should:

1. Try not to exert unnecessary control.

2. Let providers make clinical decisions.

3. Think of the surgery center as an extension of your hospital’s surgical services. An ASC is an ally in meeting your overall aim.

4. When necessary, provide expertise and resources.

5. Highlight your joint venture when you bring in new physicians

Physicians should:

1. Support ASC operations when possible.

2. Ensure staff members are working to the best of their ability and provide the necessary support.

3. Participate in the ASC’s governance and committees.

4. Know that compromise is essential.

5. Engage in succession planning for new partners.

More articles on surgery centers:
SCA partners with multispecialty Connecticut ASC: 5 things to know
Novant Health appeals CON denial for ASC operating room: 4 things to know
Island Eye Surgicenter opens new facility — 5 insights

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.

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