This article discusses current issues related to ambulatory surgery centers ("ASC"). This month we review (1) safe harbor concepts under the ASC Safe Harbor; (2) serving out-of-network patients by ASCs; (3) selling shares to new ASC investors; (4) lease issues…
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Scott Becker, JD, CPA, a partner in the national law firm of McGuireWoods, practices exclusively in the area of health care. A 1989 Harvard Law School graduate, author of four books, and a leader in the healthcare profession, Scott Becker…
The establishment, marketing and operation of an ambulatory surgical center ("ASC") is subject to various federal and state laws. The laws concern the kickback, rebate or division of fees between physicians and non-physicians, the recept or offering of remuneration as…
This article focuses on buyers of majority interests in ambulatory surgery centers. Currently, there are three public company buyers of majority interests in ASCs, and four private company buyers that fit in this category. These are the companies that generally…
For many healthcare companies, when it is time to sell or refinance their business, finding an investment bank that fits the needs, philosophies and goals of the seller can be an important component for success during the sale/refinance process.
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The last several years have been an outstanding time for surgery centers. There has been explosive growth in the overall industry and in the number of surgery centers. There have also been a great number of developments that have been…
The Centers for Medicare and Medicaid Services (CMS), on Aug. 31, 2007, released a proposed rule that would revise the conditions for coverage for ambulatory surgical centers (ASCs).
Good third-party management companies that have specific expertise in the ASC industry are often successful in turning around financially struggling facilities. This is because they are able to evaluate an ASC's operations and effectively identify problem areas and resolve them.
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…
You want your ASC to be a success. It benefits you and your patients if it is. However, if you want to expand on that success, providing a way for new physicians to invest in your facility can be difficult,…