“USPI’s future is bright, and our capital deployment into this business will continue to grow and develop this portfolio,” CEO Saum Sutaria, MD, said in a July 31 earnings call transcribed by Seeking Alpha
According to the call, Tenet is raising its 2023 earnings outlook by $7.5 million to $385 million, which includes a $45 million raise for USPI. Additionally, USPI has increased its assumptions for same-facility case growth from 5 percent to 6 percent in 2023.
USPI continues to focus on ASC mergers and acquisitions as well. The company added 12 ASCs in the second quarter and has more than 30 centers either in syndication stages or under construction.
Additionally, it saw a 9.8 percent increase in same-facility net operating revenues compared to last year and a 6.9 percent increase in case volumes.
According to Dr. Sutaria, USPI will continue to capitalize on ASC growth, seen with an aging population, patients seeking more convenient care access and a recovering healthcare ecosystem.
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.