“We’re seeing hospitals looking to acquire large physician groups of specialists, particularly cardiology in light of impending significant reductions in reimbursement,” he said. “When employing physicians, most smart hospitals and other physician employers now tie compensation to productivity.”
He said hospitals who employ physicians are increasingly realizing the need for productivity measures, as physicians who receive a regular salary from a hospital may be less motivated by financial incentives to increase hospital productivity.
Mr. Mello has 20 years of healthcare finance and valuation experience, the last 10 of which have been spent building HealthCare Appraisers, the company he helped found. Prior to founding HealthCare Appraisers, he served as vice president of business development for a national neuromusculoskeletal physician management company, where he managed the due diligence and acquisition function of the company as well as feasibility of subsequent outpatient surgical development.
He has also helped provide physician acquisition related consulting and diligence services and corporate financial analysis services in the publicly traded managed care arena. As an experienced financial analyst and ASC developer, Mr. Mello can provide valuable insight on how ASCs lose money and how transactions between physicians, surgery centers and hospitals should function for maximum profit.
Mr. Mello holds an MBA in finance and accounting and is a frequent speaker and author on healthcare valuation topics. He is an accredited senior appraiser and accredited valuation analyst.
Read more on notable surgery leaders:
–ASC Industry Leader to Know: Lisa Rock of National Medical Billing Services
–ASC Industry Leader to Know: Barry Tanner of Physicians Endoscopy
