Sarah Martin is regional vice president of operations for Meridian Surgical Partners. Q: Our ASC's physicians and board of directors would like to create a bonus/incentive program at the center. What do you think makes up a good incentive program?
ASC News
Sarah Martin is regional vice president of operations for Meridian Surgical Partners. Q: When our ASC doesn't have enough cases to fill an entire day's time, we know we should be sending our nurses home early but I fear that…
According to Marc Jang, vice president of market development for Titan Health Corp., ASCs under financial strain are usually forced to make cuts in the two most expensive items in their budgets: staffing and supplies. He says while financial cutbacks…
As the industry matures, more ASCs are facing a set of challenges common in other sectors. Successful surgery centers, for example, are faced with the tricky task of sustaining growth over time, especially as their initial investors retire or otherwise…
Joyce K. (Deno) Thomas, senior vice president operations for Regent Surgical Health, says some physician-owners of ASCs view their ASC as a bank and use it as such. She describes what ASCs need to do to avoid this scenario. Joyce…
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More than 60 percent of ASCs are still physician-owned. While linking up with a management company may increase a center's chances of success, many independent ASCs can manage quite well, says Keith M. Metz, MD, medical director of Great Lakes…
Joyce K. (Deno) Thomas, senior vice president operations for Regent Surgical Health, explains why some physician-owners of ASCs start to forget that their ASC needs to be a top priority to succeed. Joyce Thomas: Once the ASC is up and…
"You can't manage what you don't measure" — words to live by, according to many ASC administrators. Aaron Murski, senior manager at VMG Health discusses 10 statistics every ASC should track and how frequently they should be tracked to ensure…
Here are eight benchmarking statistics about ASC net revenue and total operating expense, according to data from VMG Health's ASC Multispecialty Intellimarker 2010. Note: All figures are in thousands.
It's a risky time to develop a new ASC, but development can be done successfully if investors take the time to create a strong business plan and stay honest about the financial challenges. Christian Ellison, vice president of Health Inventures,…