Buddy Bacon: Over the years, we have looked at many independent ASCs and found that the majority of them are very well managed. One way a management company can make an impact is through managed care contracting. Based upon the resources that a management company can bring to the table, it is in a better position to work with the payors to obtain a new contract or renegotiate an existing contract.
Secondly, some independent ASCs may need additional physician partners to sustain growth. Recruitment is a time-consuming effort for both the physicians and administrators. A management company can provide the expertise needed to take this burden off the physician partnership.
Third, the financial performance of independent ASCs is all across the board. A management company can provide a level of sophistication to several areas of an ASC to streamline operations as it relates to budgeting, expense management, purchasing and benchmarking.
Learn more about Meridian Surgical Partners.
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.
