Five takeaways:
1. More than 40 percent of hospitals own an ASC, and 74 percent are pursuing or seeking ASC expansion.
2. The number of hospitals with five to seven ASCs increased 7 percent in 2019.
3. Seventy-three percent of hospitals with ASCs had joint ventures with physicians, up from 67 percent last year.
4. The number of hospitals partnering with third-party investors for ASC ownership decreased 9 percent in 2019.
5. Almost 80 percent of ASCs are managed by health systems or hospitals. Third-party management was down 21 percent in 2019.
More articles on surgery centers:
30 orthopedic ASCs opening in 2019
Surgery center owner launches co-op for independent physicians
Why UnitedHealthcare’s ASC-friendly policy could benefit anesthesia
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.
