Changes in the Imaging and Medical Device Industry. The Wall Street Journal recently noted that each of Phillips, Siemens and General Electric is reporting reduced sales on items such as CT and MRI machines. This slowdown is due in part…
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A recent Federal Appellate Court Ruling from the 5th District regarding a dispute between Blue Cross and some hospitals in Louisiana sets a positive precedent for out-of-network providers and payments. The case started when two hospitals -- who had terminated…
An independent report on Pennsylvania's ASCs has turned up some interesting statistics. The report, entitled Financial Analysis 2006, Volume Two, reported a total of 205 licensed ASC facilities in the state with 28 facilities having opened between June 2006 and…
1. There are now nearly 200 hospitals in the country with physician-ownership of one kind or another.
A year-and-a-half ago, the South Sound Surgery Center in Olympia, Wash., transitioned from a hospital-based outpatient surgery department to an independent ASC facility. General surgery made up about 30 percent of the multi-specialty center's procedures, so when a local bariatric…
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Can Selling an ASC's Real Estate Enhance the Surgery Business?: An interview with Lt. Col. Bruce Bri
The business concept of selling your ASC building, then renting it from a real estate investment company such as The Sanders Trust, is an interesting one. An excerpt of an interview with Bruce Bright, the director of business development for…
The following highlights another 10 terrific statistics on ASCs from the 2007 Multispecialty ASC Intellimarker. This publication is authored by VMG Health, an outstanding valuation firm with a focus on ASCs. You can e-mail Greg Koonsman and VMG or call…
Nationally and locally, over the past few years, there has been a proliferation of physician owned hospitals and surgery centers. Currently, there are approximately 3,500 surgery centers throughout the country, the large majority of which have some form of physician…
In Januay of 2003, a South Dakita hospital and affiliated oncology group settled cliams that it had violated the Stark Act in exchange for payment of $6.5 million. In the same month, the federal government filed suit against Tenet Healthcare,…
The combination of business challenges compounded with increased legal risk requires the hospital CEO to possess uncommon skill and knowledge. Five current issues which the CEO should be aware of are as follows.