May/June 2015 Issue of Becker's ASC Review

 

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On the Cover

bigstock-blood-pressure-measuring-doct   How ASCs Fit Into Population Health: Where are the Best Opportunities?
For years, healthcare has focused on treating sick patients. Now, providers are turning their attention to population health, which preaches keeping patients healthy and out of the hospital. Click here to Continue >>
 bigstock-stethoscope-on-money-dollar   5 Top Financial Issues for ASCs in 2015
Surgical Management Professionals COO Reed Martin discusses five of the biggest financial issues for ambulatory surgery centers this year. Click here to Continue >>
bigstock-close-up-of-business-partners  

4 Key Implications of the USPI-Tenet Joint Venture
Tenet Healthcare and United Surgical Partners International have formed a joint venture ambulatory surgery center business, now the largest in the industry. Click here to Continue >>


Features 

Publisher’s Letter
This issue of Becker’s ASC Review includes expertise from ambulatory surgery center industry leaders. Click here to Continue >>

How ASCs Fit Into Population Health: Where are the Best Opportunities?
For years, healthcare has focused on treating sick patients. Now, providers are turning their attention to population health, which preaches keeping patients healthy and out of the hospital. Click here to Continue >>

5 Top Financial Issues for ASCs in 2015
Surgical Management Professionals COO Reed Martin discusses five of the biggest financial issues for ambulatory surgery centers this year. Click here to Continue >>

4 Key Implications of the USPI-Tenet Joint Venture
Tenet Healthcare and United Surgical Partners International have formed a joint venture ambulatory surgery center business, now the largest in the industry. Click here to Continue >>

ASC Spending Up 4.87% in 2014 4Q
Analysis of U.S. Census data from the Center for Sustainable Health Spending notes healthcare spending increased 5 percent last year, reports Bloomberg Business, where they note this increase follows five consecutive years of record slow growth for the healthcare industry. Click here to Continue >>

National Health Spending Projections to 2033: 5 Things to Know
Here are the national health spending projections from 2013 to 2033, according to the Centers for Disease Control and Prevention. Click here to Continue >>

SCA Closes Secondary Public Offering of Common Stock
Surgical Care Affiliates announced the closing of its underwritten public offering of 7 million shares of common stock. Click here to Continue >>

Outlook for ASCs: How to Position for the Next Big Opportunities
There are several ways ambulatory surgery centers can continue growing their business today, including looking for new partnerships, procedures and payment models for the outpatient setting. Click here to Continue >>

135 ASC Women Leaders to Know | 2015
Here are 135 women who are leaders in the ambulatory surgery center industry. Click here to Continue >>


ASC Turnarounds

How to Turn ASC Staffing From a Cost-Center Into a Value Center — 8 Key Steps
Staffing is consistently among the biggest costs for ambulatory surgery centers. Click here to Continue >>

Prescription Drug Spending Reaches $374B in 2014
U.S. prescription drug spending rose 13 percent in 2014 to $374 billion, the highest increase since 2001 when spending growth was 17 percent, according to a new report from IMS Health's Institute for Healthcare Informatics. Click here to Continue >>

The Next Move in ASC Industry Consolidation: An Inside Look at the Tenet, USPI Joint Venture
Historically, the ambulatory surgery center business has been fragmented, but in recent years a number of larger companies have positioned themselves as key players in market consolidation. Click here to Continue >>

Nueterra Acquires 3rd-Party Administrator: 5 Things to Know
Nueterra has acquired the third-party administrator Benefit Management Inc. of Great Bend (Kan.), according to a gb tribune report. Click here to Continue >>

72 Statistics on ASC Staffing
Employee salary and wages account for an average of 23.5 percent of an ambulatory surgery center's operating expenses, according to VMG Health's 2012 Intellimarker Ambulatory Surgical Center Financial & Operational Benchmarking Study. Click here to Continue >>

Patients Want to Cost-Compare With Healthcare, But Are They Actually Doing It?
A new report from HealthMine shows that while most people think it's important to cost-compare before seeing providers, most don't actually do it, according to a Top Tech News report. Click here to Continue >>


Executive Briefing: GI Physician Employment Trends

Squaring Off in GI: Employment vs. Private Practice
A physician's practice setting determines nearly aspect of their career from compensation to work environment. Click here to Continue >>


Spine, Orthopedic & Pain Management-Driven ASCs

5 Key Concepts for Spine Surgeons to Optimize Outpatient Cases
More surgeons are able to bring their cases to the outpatient setting today with new technology and surgical techniques. Click here to Continue >>

Laser Spine Institute Opens Cincinnati Surgery Center: 5 Things to Know
Laser Spine Institute continues its expansion into the Midwest with a new surgery center in Cincinnati. Click here to Continue >>

The Biggest Issues Facing Orthopedic Surgeons Today
Five orthopedic surgeons discuss the biggest issues they're facing and how the field is changing to meet these challenges. Click here to Continue >>

The Best Opportunities for Orthopedic Innovation
Three orthopedic surgeons discuss which areas in orthopedics have the greatest potential for new innovation. Click here to Continue >>

Brookside Surgery Center Introduces CT-Free Robotic-Assisted Surgery for PKR
Brookside Surgery Center now offers a Navio orthopedic surgical system to help surgeons perform precise and accurate partial knee replacement surgeries. Click here to Continue >>

Top 10 Specialties With Highest Pay — Orthopedists Lead the Pack
Orthopedists earn the most from patient care as compared to physicians from other specialties, according to the Medscape Physician Compensation Report 2015. Click here to Continue >>

24 Staffing Statistics for Orthopedic Surgery Centers
Here are 24 statistics on staffing at orthopedics-driven ambulatory surgery centers based on statistics from the VMG Health Multi-Specialty ASC Intellimarker. Click here to Continue >>

The CORE Institute Partners With Surgical Care Affiliates to Open Surgical Hospital
The CORE Institute has partnered with ambulatory surgery center company Surgical Care Affiliates and six local independent physicians to open a specialty hospital in Phoenix. Click here to Continue >>

Outpatient Spine Surgery Anesthesia — Key Thoughts From Dr. David Paly
Puyallup, Wash.-based outpatient spine ambulatory surgery center NeoSpine, where David Paly, MD, is an anesthesiologist, focuses on anterior cervical and lumbar surgery, but also occasionally perform posterior spinous process procedures. Click here to Continue >>

Consolidation in Healthcare: Will it Continue for Orthopedics?
John H. Shim, MD, ShimSpine, Tampa, Fla., talks about consolidation in orthopedics. Click here to Continue >>

10 New Pain Management Center Openings, Expansions
Here are 10 pain management practice openings and expansions over the past few months. Click here to Continue >>

Delaware County Memorial Hospital Partners With Relievus Pain Management Centers
Delaware County Memorial Hospital in Drexel Hill, Pa., has partnered with the physicians of Atco, N.J.-based Relievus Pain Management Centers, according to a Hellenic News of America report. Click here to Continue >>

Dr. Gabor Racz Joins Stimwave Board of Directors
Stimwave Technologies named Gabor Racz, MD, as chairman of the medical advisory board. Click here to Continue >>


Transactions & Joint Ventures

6 Key Thoughts on ASC Joint Venture Governing Board Structure
Many hospital C-suiters are now eager to partner with ASCs as part of their outpatient strategies to capture the surgeons' operational expertise and keep at least some outpatient revenue at the hospital. Click here to Continue >>

Healthcare M&A Activity Posts Record-Breaking Totals in 2014
The number and dollar value of healthcare sector mergers and acquisitions grew considerably in 2014, according to a report from Irving Levin Associates. Click here to Continue >>

Hospitals in the ASC Market: Sorting Out the Rivals From the Potential Partners
Turf wars between ambulatory surgery centers and hospitals may not be as common as they once were, but healthcare is only becoming more crowded. Click here to Continue >>

How to “Go Big or Go Home” With Joint Venture ASCs
There are benefits for ambulatory surgery center owners and operators to partnering with hospitals on joint venture centers. Click here to Continue >>


Executive Briefing: GI Quality in Healthcare Today

Measuring Outcomes & Quality of Care: How One of Healthcare’s Biggest Trends is Reshaping the Industry
Quality in healthcare has always been a top priority for providers, but the definition of quality and how it is achieved has been elusive. Click here to Continue >>

5 Insights Into Gastroenterologist Compensation
Gastroenterologists earn $370,000 in annual compensation, according to the Medscape Gastroenterologist Compensation Report 2015. Click here to Continue >>


Executive Briefing: Boosting Your ASC’s Revenue Cycle

How to Manage Your Revenue Cycle Better to Improve the ASC’s Bottom Line
Puzzled about why your surgery center doesn't seem to have enough cash at the end of the month? Click here to Continue >>


Quality & Accreditation

How to Find the Ideal ASC Medical Director
The medical director is a key figure in an ambulatory surgery center's team, but as with any leadership role finding the right person is easier said than done. Click here to Continue >>

The State of Healthcare Recruitment in 2015: 7 Key Statistics
The growing physician shortage makes for an intense hiring environment in healthcare, especially as more Americans gain access to care. Click here to Continue >>

Improve ASC Quality & Patient Safety: 3 Target Areas
Healthcare is a variable environment. Patients' needs change and how care is delivered changes, but the need to strive for the highest level of quality and patient safety remains constant. Click here to Continue >>

190 Gastroenterologists to Know | 2015
Gastroenterology is a broad specialty that ranges from colonoscopy and endoscopy to liver disease and inflammatory bowel disease. Click here to Continue >>

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