Why urology is a lucrative opportunity for ASCs: Dr. Brad Lerner explains

For-profit ASCs want to offer services with both high growth potential and high net revenue per case — and urology fits the bill, according to Brad Lerner, MD, medical director of Summit ASC, a group of 16 single-specialty urology ASCs throughout Maryland.

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ASC Focus interviewed Dr. Lerner about the “untapped potential” of urology in ASCs.

Three takeaways:

1. Urology accounted for just 3 percent of single-specialty ASCs, according to the Medicare Payment Advisory Commission’s March 2019 report to Congress. The report also indicated that urology is offered in a small percentage of multispecialty ASCs.

2. Only one urology procedure — cystoscopy — was ranked among the services most frequently offered at ASCs in 2017.

3. Urology cases represent just 6 percent of the total case mix for U.S. ASCs, according to VMG Health’s 2017 Multi-Specialty ASC Intellimarker report. These cases also reportedly generated the fourth-highest median net revenue per case for ASC specialties, at about $2,400 per case.

“There is an incredible opportunity for ASCs to be the site that provides the highest level of safe, compassionate, cost-effective outpatient urologic care,” Dr. Lerner told ASC Focus. “From a timing standpoint, the stars are aligned for urology ASC services.”

More articles on turnarounds:
3 key ASC trends to watch next year
The 3 physician specialties experiencing salary growth
Illinois hospital adds $39.6M outpatient addition — 5 insights

 

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.

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