The 20th Annual Spine, Orthopedic + Pain Management-Driven ASC Conference recently concluded a successful session on “How to Prepare for Surging Prices.”
The session was moderated by Erica Carbajal, Editor of Becker’s Healthcare, and featured two esteemed panelists. Mick Perez-Cruet, MD, Professor and Vice Chairman of the Department of Neurosurgery at Oakland University William Beaumont School of Medicine, and Faisal Rahman, President and Chief Executive Officer of APAC Surgery Center, shared their insights and expertise on how to prepare for and navigate the increasingly complex and competitive business environment in ASCs. Both panelists discussed strategies to maximize efficiency, while providing quality patient care.
Key Takeaways:
- To stay profitable in the medical industry, it is important to keep an eye on the bottom line, particularly with personnel costs and benefits.
- To reduce costs in an ASC, manage personnel costs, negotiate with vendors for lower prices, have efficient operations, and reduce waste.
- Transparency is also important for cost control in medicine, with physicians needing to understand how much they are spending and negotiating with vendors on price points.