Practice Partners outlined the four phases of establishing an ASC on the company’s blog:
1. The first phase includes introducing the project through meeting with physicians to discuss their needs and goals, as well as discussing competition and regulatory hurdles.
2. Next, a feasibility study should be conducted, which includes executing a confidentiality agreement, collection of CPT codes and payer mix of physician investors and identifying potential locations for the ASC.
3. After the feasibility study, drafts of partnership documents should be submitted to investors, which include management, billing and operating agreements.
4. The last phase includes finalizing the site selection, choosing an architect and contractor, as well as finishing the floor plan and beginning construction.
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4 ways ASCs should be leveraging hospital partnerships
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.
