1. Recruit new physician members. “We were able to recruit a new physician owner in 2009 and have two new physicians who have been granted privileges this summer (2010) to work at MEC (non-equity),” he says.
2. Looking at participation in new insurance products. This includes Medicaid, which was never available to Michigan ASCs until 2010, he says.
3. Cash discounts. Private pay (patients with no insurance) has grown substantially in the past year, Mr. Fausone says. “We are discounting cash payments at time of service 30 percent.”
Thank you to Physicians Endoscopy for arranging this interview.
Read more guidance and insight from Brien Fausone:
– How the Propofol Shortage May Impact GI ASCs
– 3 Quick Tips for Faster Room Turnover
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.