10 things to know about Physicians Endoscopy


Here are 10 notes on Physicians Endoscopy:

1. Headquartered in Jamison, Pa., Physicians Endoscopy focuses on developing and managing freestanding, single-specialty endoscopic ASCs.

2. The company was established in 1998 and today operates 43 surgery centers across the country.

3. The company finalized a joint venture relationship for its 43rd ASC on Dec. 1, 2016, along with the physicians of the Gastroenterology Group PA, the Center for Colon and Rectal Health and St. Mary Medical Center, all based in Langhorne, Pa.

4. Physicians Endoscopy offers its partners a variety of opportunities, including building an ASC from the ground up, flexible partnership models and hospital joint ventures. The company's services include professional management; billing and collections; design and development; and physician recruiting.

5. In August 2016, Charlotte, N.C.-based Pamlico Capital sold Physicians Endoscopy to Kelso & Company in a recapitalization transaction with management. Pamlico acquired Physicians Endoscopy in August 2013. The parties did not disclose the terms of the agreement.

6. The company collaborated with The Joint Commission and CDC in May 2016 on an initiative focused on infection prevention in ambulatory healthcare settings. The goal of the initiative is to create model infection control plans and expand the reach, uptake and adoption of these as well as other infection control materials in outpatient settings.

7. The three-year initiative with The Joint Commission is called Adaptation and Dissemination Outpatient Infection PrevenTion, or ADOPT, Guidance. The Joint Commission and CDC selected 12 outpatient-focused professional organizations and 10 ambulatory healthcare facilities to participate in the project, and Physicians Endoscopy is one of them.

8. Physicians Endoscopy partnered with Atlanta-based Clearwave Corp., in February 2016 to incorporate patient check-in solutions at its centers. Clearwave's software integrates with healthcare providers' existing systems to help verify patient demographics as well as insurance and payment information.

9. Barry Tanner serves as CEO of the company. He previously co-founded and served as CFO for Miami-based Navix Radiology Systems, a physician practice management company. Karen Sablyak is the company's CFO, while Frank Principati serves as COO.

10. Physicians Endoscopy publishes a GI-dedicated quarterly journal called EndoEconomics. It aims to offer physicians business advice while also addressing economic topics of interest.

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