Investment in high-acuity procedures is one of the “biggest drivers” of ASC volume growth for Dallas-based United Surgical Partners International, CEO Saum Sutaria, MD, said during an earnings call transcribed by Seeking Alpha.
Here are five key takeaways:
1. USPI reported an 8.3% increase in same-facility systemwide revenue, with net revenue per case up 6.1% and same-facility case volumes up 2.1%.
2. The company acquired 11 centers and opened two de novo facilities in the third quarter, including sites specializing in high-acuity procedures such as spine and orthopedics.
3. Growth is being driven by strong performance in orthopedics, spine, robotics and other advanced surgical programs, along with a rebound in GI procedure volumes.
4. USPI and parent company Tenet Healthcare plan to invest further in hospital infrastructure supporting high-acuity services, including cardiac care, ICUs, cath labs, high-end imaging and surgical programs.
5. Physicians are drawn to USPI’s track record in growth, integration, and multispecialty development, making the company a leading player in the ASC acquisition and partnership market.
“Many times, single specialty physicians are looking for somebody who has a proven track record to help them diversify their business to grow the center and make it multispecialty, ” Dr. Sutaria said, which USPI has historically been successful with to “help these physicians get to the next level of maturity in their investment.”
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.