Here are six top drivers behind the decision to sell or merge:
• Too much administrative work – 40 percent
• Profitability challenges – 35 percent
• Pressure of regulatory burdens (e.g., ICD-10, Meaningful Use) — 35 percent
• Opportunity for business growth — 18 percent
• Retiring or changing professions — 14 percent
• None of the above — 1 percent
Note: The report includes responses from 5,024 physicians.
More articles on ASC issues:
Tenet signs new, 4-year agreement with Aetna; Surgery Partners appoints Brent Turner to board of directors & more — 4 notes on ASC companies
Self-insured employers: 6 key thoughts on new opportunities for ASCs
Patient movement can interfere with femto laser assisted cataract surgery — 5 takeaways
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.