Woodrum ASD. Woodrum ASD, is one of the largest privately funded companies in the United States without venture capital. It manages and assists physicians and physician-hospital joint ventures on a national basis. The company’s principals have developed, owned and operated more than 200 ASCs nationally, and run for-profit and non-profit hospitals and group practices. Joseph Zasa is the president of Woodrum ASD and has done a great job of providing leadership to the company and to centers. Joe is a lawyer by training and academics and has great analytical and business skills. He is both a great thinker and doer. Bob Zasa and David Woodrum, two of the founders of the company, are real leaders in the ASC industry and very actively involved in growing the company. It has added some very significant and top-notch professionals such as Sandra Jones and Paul Nylander to its roster of senior vice presidents over the last few years. Woodrum ASD provides strategic services, operational and contract analysis, pre-development and development help, management and more to ASCs. www.woodrumasd.com
Kaye Bassman. Kaye Bassman is an executive search and recruitment firm that has grown to become the largest single-site search firm in the nation. It provides an array of services, everything from behavioral profiling to background verification to unbundled search services. Its efforts are lead by Greg Zoch, whose primary focus is on the strategic growth and staffing initiatives of client companies. Greg also consults. He is a truly well rounded expert with respect to surgery center issues and is extremely intelligent. www.kbic.com
Foundation Surgery Affiliates. This company, with nearly 20 facilities, was founded in 1996 by Thomas A. Michaud, a pioneer in the ASC industry, who continues to oversee significant expansion in ASCs and hospitals. The company operates centers in many states, many of which are very successful. It has branched out into the business of bariatrics (weight-wise), CBO services, ancillary physician services and training and the operation of hospitals. www.foundationsurgery.com
Health Inventures. Health Inventures, founded by Richard Hanley in 1995, was one of the original non-equity management and development companies focused in the ASC industry. It is now often an equity partner in joint ventures as well as a manager and developer. Richard Hanley, Paul Davis, Dennis Martin and Peter Fatianow and a highly qualified management team continue to expand the mission of the company. www.healthinventures.com
B. Braun Medical. B. Braun is one of the leading supply and medical disposable companies for surgery centers. It has specific expertise in pain management but also offer products related to drug delivery, IV therapy, clinical nutrition, dialysis and vascular intervention. Its products and services are used in hospitals, outpatient surgery centers and in the home care setting. B. Braun Medical has a tremendous team with which to work. www.bbraunusa.com
MedHQ. MedHQ is one of the best firms that perform outsourcing back-office services for surgery centers. It focuses on financial and accounting services as well as payroll and employee services. It does not focus on billing and collection services. Based in suburban-Chicago, MedHQ uses state-of-the-art technology to provide business services to healthcare facilities effectively, allowing them to eliminate capital investments in office equipment. www.medhq.net
Affiliated Credit Services. Affiliated Credit Services, its efforts lead by Tyler Marsh, is one of the best companies in healthcare in collecting debt whether the hospital or surgery centers. It has expanded tremendously over the last couple of years. It has added several national hospital and surgery centers to its repertoire of clients. www.acscollects.com
Orion Medical Services. Orion was founded by President and CEO James Cobb. It is also led by such notable people as CFO and Executive Vice President Scott McNulty. It provides a turnkey approach to all aspects of ASC development and management for surgery centers throughout the country. The key members of management have extensive medical backgrounds, which helps them to guide ASC partners to excellent profitability, high quality care and improved efficiency. The company currently has a number of centers on the West Coast — with specialized experience and expertise in neuro-spine surgery centers, and it continues to evolve nationally. Orion generally owns a minority share in the ASC. www.orionmedicalservices.com
Ambulatory Surgical Group. Ambulatory Surgical Group was founded in 2008 by long-term ASC veteran John Seitz. John has founded this company with the intent of providing high level management consulting and development services to ASC. A key differentiator of the Ambulatory Surgical Group is the ability for physicians to own 100 percent of the equity in the center. In essence, ASG does not need to have equity in the surgery centers that it manages. The two core leaders of Ambulatory Surgical Group are John Seitz and Stuart Bruck. Stuart is also a long-term healthcare veteran with broad leadership experience in healthcare business administration. He joined the company as a co-founder. www.ambulatorysurgicalgroup.com
Somnia. Somnia is one of the leading anesthesia management companies in the country. Its services include general, regional, monitored, local, hospital, ambulatory surgery, office-based anesthesia, pain management, accreditation counseling and correctional facilities. The company also offers anesthesia needs evaluation, recruitment and orientation, provider scheduling, payroll and benefits management, peer review and quality assurance management, anesthesia billing, logistics support, and medical assisting services. It has developed a core leadership team and is aggressively seeking opportunities to help hospitals and surgery centers provide anesthesia services. www.somniainc.com
Physicians Endoscopy. Physicians Endoscopy is the most focused company in the endoscopy area. Physicians Endoscopy has an outstanding core management team and delivers outstanding services to its centers. It focuses solely on GI and endoscopy centers, typically owning a minority interest in and managing its centers. It often also provides billing services to the centers. www.endocenters.com
CTQ Solutions. CTQ, lead by Paul Faraclas, has developed an outstanding reputation as the go-to firm for patient surveys and employee surveys in the surgery industry. It has helped outpatient facilities monitor, benchmark and improve patient satisfaction, leveraging innovative online technology, led by industry leading EdgeSurvey. Paul, by all accounts, is a brilliant executor of plans. www.ctqsolutions.com
Meridian Surgical Partners. Meridian has completed several large acquisitions of surgery centers. It now has nine facilities. Meridian has highly intelligent leadership and has recently expanded into the ASC turnaround business. It has a broad range of centers spanning the country from the Pacific Northwest, to Pennsylvania to Florida. Founders CEO Buddy Bacon, President and Chief Development Officer Kenny Hancock and Executive Vice President and COO Cathy Kowalski, RN, head up an outstanding management team. The company has great experience with both surgical centers and hospitals. www.meridiansurg.com
Prexus Health Partners. During the past two years, under the leadership of President and CEO Ajay Mangal, MD, MBA, Prexus Health invested significantly in its infrastructure (people and systems). Prexus Health has a team of top notch executives, talented midlevel managers and solid business systems. During 2009, Prexus Health will emphasize the continued growth of its physician-driven hospital product line (“small focused community” hospitals and “surgical” hospitals) building on the success that Prexus Health experienced in 2008 (two de novo hospitals, converting a successful surgery center to a hospital and rescuing a financially troubled physician owned hospital). www.phcps.com
National Medical Billing Services. National Medical Billing Services has emerged over the last several years as one of the best run billing and management companies in the ASC industry. We hear tremendous things about the services it provides and receive great feedback as to its operations and to its competence. www.asccoding.com
Mnet Collection Agency. MNET provides bad debt management solutions, which may include credit reporting, skip tracing and, in some rare cases, legal remedies. MNET offers cost-effective ways to increase cash flow while reducing bad debt. MNET is also dedicated exclusively to the handling of patient collections for hospitals, ambulatory surgical centers, MRI facilities and surgeon groups. It is a well-established leader in medical collection agency services. www.mnetfinancial.com
