Avanza developed the survey with HealthLeaders Media, polling 119 senior executives.
Four things to know:
1. Two of the major reasons hospitals own ASCs is to increase profit margins and respond to consumer trends.
2.Respondents said enhancing physician relationships and keeping physicians’ cases within the hospital system were big reasons to pursue a joint venture.
3. Reducing costs also factored into pursuing ASC joint ventures, as well as increasing the capacity for outpatient surgical procedures.
4. Entering new markets is another reason hospitals wanted to pursue ASC joint ventures.
More articles on transactions and valuations:
Regent partners with multispecialty ASC in Anchorage
3 things to know about hospital, ASC joint ventures
OSU Wexner Medical Center eyes $43M outpatient center
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.