However, the same center revenue declined by 2 percent. According to Christopher A. Holden, President and CEO of AmSurg, the decline is primarily a result of two fewer business days during the first quarter than last year.
In 2012, the company acquired 17 centers, 14 of which were in the fourth quarter, and opened a de novo center. During the first quarter of 2013, the company entered into a joint venture with a hospital system, which helped drive the overall revenue increase. By the quarter’s end, the company reported operating 241 centers and added three centers under a letter of intent.
The company expects sequestration and reductions from the State of California’s workers’ compensation reimbursement to negatively impact same-center revenue over the next year.
More Articles on Surgery Centers:
5 Human Resources Functions to Automate
Dashboard Observations on 17 Niches and Specialties
5 Minimally Invasive Spine Surgery Trends for ASCs to Know
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
