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.
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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,…
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.
For more information or an introduction to any of these companies, e-mail sbecker@mcguirewoods.com or call (800) 417-2035. National trade associationsAccreditationAnesthesia staffing and managementBack-office management, outsourcing and accountingBilling, coding and collectingCataract outsourcingConstruction and architectural firmsConsultation and brokerage of ASCsFinanceGroup purchasing organizationsHealth…
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1. There are now nearly 200 hospitals in the country with physician-ownership of one kind or another. 2. This compares with 5,500 to 6,000 ASCs.
Physician-owners are increasingly realizing that offering the same procedures as a hospital in a less-intimidating setting is not enough to set their ASCs apart, and it's showing in how they go about building their facilities.
The U.S. health care industry is an estimated $1.8 trillion industry and accounts for more than $1 of every $7 spent in the nation’s economy. Investment in health care companies can be a very good bet over the long term…
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…