February 2020 Issue of Becker's ASC Review

 

February Isse of Becker's ASC Review

ON THE COVER

State-by-state breakdown of the 177 new ASCs opened or announced in 2019
More than 180 ASCs have opened or been announced since January. Here's a breakdown by location.

Investment firm acquires ASC, 3 ophthalmology practices in St. Louis
The Firmament Group, an investment firm specializing in small and medium-sized businesses, invested in an ASC and three ophthalmology practices in St. Louis and appointed a CEO to lead its eyecare strategy. The investment adds to Firmament's portfolio of ophthalmology practices in South Florida and Northern California. Jim Wachtman will be CEO.

21 highest physician salaries — Orthopedics is No. 1 at $426K
Medpage Today released results from its Fall 2019 Salary Survey. Health Media collected more than 12,500 survey responses, including 5,308 with salary information.

TeamHealth acquires private anesthesia practice operations for Florida ASC
Knoxville, Tenn.-based TeamHealth will provide anesthesia services at Brandon (Fla.) Surgery Center through a partnership with Jon Harmon, MD, and his team.

What private equity has in store for GI in 2020 
Gastroenterology investment dominated the specialty in 2019, with no signs of slowing down in 2020.  Here, NextServices President and Co-founder Praveen Suthrum examined the current PE landscape in GI and offered insights into the future.

15 things to know about Amazon's healthcare strategy heading into 2020
Over the past year, Amazon has made several big partnerships and investments in the healthcare space, which will likely continue into the new decade.

Gastroenterology in 2030: What the specialty will look like in 10 years
As the decade comes to a close in gastroenterology, the specialty has never been at a point of more promise. Colorectal cancer incidence and mortality rates are decreasing as screening rates increase; the introduction of machine learning into the specialty is happening at a rapid pace; and the public has never been more aware of the importance of gut health.

Leapfrog's inaugural ASC survey 'disheartening,' has 'little value,' administrators say
With more than 60 percent of surgeries taking place in ASCs and outpatient units, The Leapfrog Group decided earlier this year to begin collecting quality and safety data on the increasingly popular facilities. Initially, the effort was met with enthusiasm.

Optum partners with Minnesota health system to develop ASCs
ASC operator Optum finalized a partnership with Allina Health System in Minneapolis in December, paving the way for the potential development of up to a dozen new surgery centers in the next five years, according to the Minneapolis Star-Tribune.

ASC MANAGEMENT

21 highest physician salaries — Orthopedics is No. 1 at $426K
Medpage Today released results from its Fall 2019 Salary Survey. Health Media collected more than 12,500 survey responses, including 5,308 with salary information. 

New York surgery center to close — 3 insights
Schenectady, N.Y.-based Ellis Medicine is closing the surgery center at McClellan Street Health Center and moving all outpatient surgeries to its other Schenectady-locations, local NBC station NewsChannel 13 reports. What you should know.

1st foot and ankle surgery performed at Illinois pain clinic
Zehra Hyderi, DPM, completed the first foot and ankle surgery Barrington (Ill.) Pain & Spine Institute Dec. 20. Three things to know.

What percentage of physicians are hospital employed? 4 salary, employment statistics
Average compensation is increasing for physicians, according to a report from physician recruitment resource LocumTenens.com. 

State-by-state breakdown of new ASCs in 2019 so far
Nearly 150 ASCs have been opened or announced since January. Here's a state-by-state breakdown.

THOUGHT LEADERSHIP

Patient consumerism trends affecting ASCs: USC Medical Group chief shares her insights
Smitha Ravipudi, is the CEO of USC Medical Group in Los Angeles. Before joining USC, Ms. Ravipudi was vice president of ambulatory and access operations for Children's Hospital Los Angeles. Here, Ms. Ravipudi shares her thoughts with Becker's ASC Review about ASC and outpatient trends.

Outpatient surgical procedure market to grow at 2.1% annually through 2026, report says
The U.S. Outpatient Surgical Procedure market is expected to hit $144 billion by 2026, according to a report from Verified Market Research.

Outpatient surgery centers expected to have strong decade — 3 insights
Surgery centers are going to be in demand through 2030, according to an Albany Business Journal report that examined the ASC market. What you should know.

Leapfrog's inaugural ASC survey 'disheartening,' has 'little value,' administrators say
With more than 60 percent of surgeries taking place in ASCs and outpatient units, The Leapfrog Group decided earlier this year to begin collecting quality and safety data on the increasingly popular facilities. Initially, the effort was met with enthusiasm.

Regent CEO predicts 2020 ASC trends
After a year of growth for ASCs in 2019, Regent Surgical Health's CEO Chris Bishop shared the trends he predicts will accelerate more industry growth this year. Three things to know.

JOINT VENTURES

20 things to know about 4 large ASC companies: SCA, USPI, Regent & Surgery Partners
This past year was big for the ASC industry, with many large companies growing and striking key partnerships that set the stage for 2020.

Brooklyn Hospital plans $1.2B project with ASC — 3 insights
New York City-based Brooklyn Hospital Center is launching a $1.2 billion project to build a series of care towers, The Real Deal reports. What you should know.

McLaren Greater Lansing purchases majority stake in 2 ASCs
McLaren Greater Lansing, a subsidiary of Grand Blanc, Mich.-based McLaren Health Care, has purchased a majority stake in two surgery centers, according to local news station Fox47.

Flagship Healthcare Properties acquires North Carolina medical office building with ASC
Flagship Healthcare Properties acquired a 45,390-square-foot medical office building with an ASC in Hickory, N.C. What you should know.

Connecticut medical office complex with ASC sells for $8M+
A medical office building complex with an ASC in Newington, Conn., was acquired by a national healthcare real estate investor for over $8 million, according to Connect Boston, a local commercial real estate news source. The seller was Jacobsen Properties.

ORTHOPEDICS

How Stryker plans to grow Mako — 4 insights from chief technology officer Robert Cohen
The next decade of orthopedics will be defined by technologies like 3D printing and robotic navigation systems. Here, Robert Cohen, Stryker's chief technology officer and vice president of research and development, elaborated on 3D-printing and the company's long term vision for the implants and robotics spaces.

5 expert insights on outpatient joint replacements in 2019
Here are five key insights on outpatient total joint programs from experts interviewed by Becker's ASC Review.

Stryker, Wright Medical face FTC scrutiny over $4B merger: 4 details
Stryker's proposed merger with Wright Medical is facing additional scrutiny from the Federal Trade Commission, a Jan. 2 SEC filing shows. Four things to know.

NYC orthopedic surgeon’s office manager alleges doctor set her up for grand larceny arrest, charges: 5 details
John Kennedy, MD, is being sued by his former office manager, who alleges he hired a private detective to follow her and had her falsely arrested and charged with grand larceny, according to an NBC News report. Five things to know.

4 pillars of Stryker's growth strategy from CEO Kevin Lobo
Since Stryker CEO Kevin Lobo took the helm in 2012, the company has nearly doubled revenues. Mr. Lobo discussed his strategy at the Chief Executive's Healthcare CEO Summit earlier this month. Four key notes.

GASTROENTEROLOGY

What private equity has in store for GI in 2020 
Gastroenterology investment dominated the specialty in 2019, with no signs of slowing down in 2020.  Here, NextServices President and Co-founder Praveen Suthrum examined the current PE landscape in GI and offered insights into the future.

Gastrologix enters into pair of partnerships
Independent group purchasing organization Gastrologix entered into a pair of partnerships to provide more options to its independent gastroenterologist members.

Gastroenterology in 2030: What the specialty will look like in 10 years
As the decade comes to a close in gastroenterology, the specialty has never been at a point of more promise. Colorectal cancer incidence and mortality rates are decreasing as screening rates increase; the introduction of machine learning into the specialty is happening at a rapid pace; and the public has never been more aware of the importance of gut health.

GIs make $394K annually + other survey insights
Medpage Today released results from its Fall 2019 Salary Survey, specifically for gastroenterology. Health Media collected more than 12,500 survey responses, including 5,308 with salary information. It based the GI report on 69 GI-specific responses.

Prep-free colonoscopy system well tolerated
Check-Cap reported final results from its U.S. pilot study of its C-Scan System, a preparation-free colorectal cancer detection system.

HEALTHCARE NEWS

15 things to know about Amazon's healthcare strategy heading into 2020
Over the past year, Amazon has made several big partnerships and investments in the healthcare space, which will likely continue into the new decade. 

AdventHealth faces blowback from resident's controversial social media posts
Altamonte Springs, Fla.-based AdventHealth continues to field criticism online for the social media posts of resident Jay Feldman, DO, weeks after an Orlando Sentinel report shed light on the story.  

Philadelphia hospital bankruptcy leaves 1,000 physicians scrambling
Hahnemann University Hospital in Philadelphia filed for bankruptcy and closed last year. The aftershocks are still affecting the nearly 1,000 physicians who worked at the hospital when it shut down, according to The Wall Street Journal.

Hospital acquisitions hurt patient experience, study suggests
Hospital acquisitions are linked to worse patient experience and do not improve care quality, suggest the findings of a study published in The New England Journal of Medicine.

Judge says Texas hospital can end life support for infant
A judge ruled Jan. 2 that Fort Worth, Texas-based Cook Children's Medical Center could end life-saving treatment for an 11-month-old infant, according to The New York Times.

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