1. Renegotiated big ticket contracts. We renegotiated our lease that was three-quarters of the way through a 10 year lease. Leases that were entered into several years ago before the financial/housing crisis are no-longer reflective of current market rates. By entering into a new 10 year lease we were able to cut our lease costs 16 percent.
2. Low census days. We rotate among the clinical staff days off due to low census. The staff rotate, taking mandatory days off when low census dictates. The staff is allowed to use available PTO time to supplement their paycheck.
3. Copier service. We changed copier vendors and saved 19 percent on our monthly lease and per copy costs.
Thank you to Physicians Endoscopy for arranging this interview.
Read more about ways to reduce ASC costs:
– Improve ASC Profitability: Case Studies With Kenny Spitler of HealthMark Partners
– 3 Ways to Help Keep Gastroenterology in ASCs Profitable and Efficient
– 8 Things an ASC Can Do to Improve Operations and Drive Stronger Results
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.