Here’s what you should know:
1. ASCs are unique because they offer low-cost, high-quality car e which is attractive to patients. Because ASC case volume is expected to increase in the coming years, management companies and hospital systems are actively seeking out acquisition opportunities.
2. Mr. Yetter urged physician owners to change their mindset around selling a center. Instead of viewing it as “the end of your center,” view it, instead, as the start of “newer and bigger opportunities.”
3. Partnering with a management company or health system takes administrative tasks off a physician’s plate, and allows for more time to treat patients.
4. These partnerships also provide owners with a lasting equity stake that not only is an added source of income, but also increases their margins if an owner reinvests the funds.
He said, “With a market turning toward ASCs, physician owners are presented with a grand opportunity to take advantage of the new system. Selling your center allows physicians to receive the payoff for their hard work and secure the future success of their centers.”
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More articles on transactions/valuations:
How an Oregon-based ASC combats decreasing case volume
All hands on deck: Pinnacle III VP’s 10 strategies for building ASC teamwork
ASGE raising awareness of esophageal adenocarcinoma — 3 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.