As president and CEO of ASC development and management company Physicians Endoscopy, Barry Tanner is keenly aware of the challenges facing GI-driven ASCs. In a 2008 interview with Becker's ASC Review, he said that, like other surgery centers, GI facilities will be adversely affected by reimbursement reductions.
"We see physicians increasingly reluctant to make any major investment decisions," he said. "Like most of us, physicians have seen their retirement nest eggs erode substantially, and many physicians who were eyeing retirement in two to five years have made the decision to add another five years to their work schedule."
The physicians who are opting for retirement are also causing a problem: an increasing shortage of GI surgeons with no new physicians to take their place. He recommended ASCs prioritize physician recruitment to ensure a steady stream of new blood into the GI workforce.
An interview with Becker's ASC Review in 2009 showed similar concerns. The market was slowing the growth of ASCs, and capital was hard to come by. Mr. Tanner said opportunities for ASCs lie in the need for professional management. "Effective management requires focus, experience and action," he said. "These are very often things that physicians simply don't have the time to address."
Mr. Tanner joined Physicians Endoscopy in 1999 and co-authored the company's business plan with CFO Karen Sablyak. He currently oversees the company's partnership development activities, as well as strategic direction and services management. He also helps in the day-to-day management and governance of some of Physician Endoscopy's partnered facilities.
Before joining PE, Mr. Tanner served as CFO of Navis Radiology Systems, a physician practice management company in Miami. As the co-founder and CFO, he was responsible for developing a business plan. He helped grow the company from zero to over $75 million in revenues during his time as CFO, including the acquisition of seven professional radiology practices and a major diagnostics company.
Mr. Tanner has also worked as chief operating officer of HealthFusion in Miami, a company that provides home intravenous therapy services. He has experience in the financial services industry, having successfully orchestrated turnarounds for two publicly traded companies.
"We see physicians increasingly reluctant to make any major investment decisions," he said. "Like most of us, physicians have seen their retirement nest eggs erode substantially, and many physicians who were eyeing retirement in two to five years have made the decision to add another five years to their work schedule."
The physicians who are opting for retirement are also causing a problem: an increasing shortage of GI surgeons with no new physicians to take their place. He recommended ASCs prioritize physician recruitment to ensure a steady stream of new blood into the GI workforce.
An interview with Becker's ASC Review in 2009 showed similar concerns. The market was slowing the growth of ASCs, and capital was hard to come by. Mr. Tanner said opportunities for ASCs lie in the need for professional management. "Effective management requires focus, experience and action," he said. "These are very often things that physicians simply don't have the time to address."
Mr. Tanner joined Physicians Endoscopy in 1999 and co-authored the company's business plan with CFO Karen Sablyak. He currently oversees the company's partnership development activities, as well as strategic direction and services management. He also helps in the day-to-day management and governance of some of Physician Endoscopy's partnered facilities.
Before joining PE, Mr. Tanner served as CFO of Navis Radiology Systems, a physician practice management company in Miami. As the co-founder and CFO, he was responsible for developing a business plan. He helped grow the company from zero to over $75 million in revenues during his time as CFO, including the acquisition of seven professional radiology practices and a major diagnostics company.
Mr. Tanner has also worked as chief operating officer of HealthFusion in Miami, a company that provides home intravenous therapy services. He has experience in the financial services industry, having successfully orchestrated turnarounds for two publicly traded companies.