Based on his experience at Regent Surgical Health — which has seen tremendous growth in hospital joint venture surgery centers over the past seven years — Chief Development Officer Jeff Simmons says there will be many more joint ventures in the coming years. “In the world we live in, most of the surgery center transactions will have a hospital partner,” says Mr. Simmons. “As various payer pressures have mounted, the best way to have the highest revenue per case is to have a strong hospital partner. We think this is a trend that will continue.” What makes a joint venture boom unique this time around is a hospital’s willingness and knowledge about partnerships. They’re looking for high-quality, lower-cost setting to pursue initiatives like bundled payments with accountable care organizations. Current hospital leadership understand the importance of physician ownership as a quick and reasonable “vehicle” to accomplish this goal. They’re also able to use a joint venture ASC as a tool to attract new physicians and physician groups into employment and also as a physician retention tool.