ASC transactions, payer partnerships, service line growth: 5 key updates from Surgery Partners Q1

Surgery Partners CEO Mike Doyle and Executive Vice President and CFO Teresa Sparks spoke about the company's first quarter financial results during a recent earnings call, according to Seeking Alpha.

Here are five key thoughts from the report:

1. The company continued integrating multiple service lines into existing markets during the first quarter of the year as well as continued operations growth through end-market transactions. "Our performance demonstrates that our model is resonating with physicians, patients and payers, who all benefit from high quality care at a low cost," said Mr. Doyle.

The company has a payer relationship in Florida providing joint replacement procedures at Surgery Partners surgical facilities.

2. The team is expanding service lines including spine, total joint replacement and cardiovascular procedures. More than 20 of the Surgery Partners facilities now include outpatient joint replacement procedures.

3. Surgery Partners provides employment and partnership opportunities to physicians who wish to maintain independence. The company has strategic relationships with two healthcare systems to develop surgical facilities — one in an existing market and another in a new market.

4. Transaction activity in the quarter included two end market physician practice transactions and one end market surgical facility transaction. The company also relocated its Great Falls, Mont., hospital facility to a shared campus with an ASC and physician practice.

5. Surgery Partners strengthened its presence in the Jacksonville, Fla., market in the first quarter with an ASC and integrated physician practice with multiple locations and related ancillary services transaction.

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