Mr. McCarville and Mr. Sheppard identified three reasons physicians are embracing ASC joint ventures:
1. Certificate-of-need barriers can hamper physician entrance into certain markets with existing hospitals, making partnership an appealing option.
2. Partnering with a hospital can give physicians greater leverage in payer negotiations, resulting in expanded access or higher reimbursement rates than they would have otherwise obtained.
3. Hospital partnership gives ASCs access to stable funding, allowing them to invest in newer technology and top talent.
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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.