After a half-decade of uncertainty, clear trends are beginning to emerge in the U.S. healthcare system: the number of insured Americans continues to rise, patients are paying out-of-pocket more often for services and many doctors are giving up traditional private practice in favor of a variety of alternatives. For healthcare businesses, these new realities mean…
In recent years, “culture of safety” has become a popular catchphrase in healthcare, adopted by many providers to limit the inherent workplace risk factors of our industry. Understanding its origins and what it means, however, can help us create real change at our facilities, reduce the prevalence of workplace injuries and accidents, and produce the…
4 Critical Issues Facing Clinical Leaders Today Clinical leadership often is the difference between a good ambulatory surgery center and a great one. A key attribute of all top-tier clinical managers is an ability to identify and address challenges before they cause big problems. Healthcare is a high-stakes business, with little room for clinical and…
The outpatient surgery business is more competitive than ever before. After a decade of solid growth, the number of Medicare-certified ambulatory surgical centers in the United States is plateauing at about 5,500 locations. Hospitals, too, are increasingly entering the outpatient game. In an attempt to lower costs and capture new Affordable Care Act-driven market share,…
Joint venture partnerships are not for every ASC, but they have the potential to provide several benefits. According to a presentation by Regent Surgical Health, these benefits may include: Higher case payments for the hospital model versus the independent ASC model ($1,200-$1,700 per case for independent ASCs, versus $2,200-$3,000 per case for hospital-affiliated ASCs). ASC…
While some independent ambulatory surgery centers may be placing a joint venture partner as a high priority, many ASCs have already established strong partnerships with a hospital and management company. “There is more pressure than ever to maintain these relationships,” says Nap Gary, COO of Regent Surgical Health. Here are five initiatives leaders of joint…
Becker’s ASC Review sat down with Regent COO Nap Gary, Knightsbridge Surgery Center physician-owner Dr. Herb Riemenschneider and Knightsbridge Administrator Dave Moody for an inside look at creating a successful physician/hospital ASC joint venture. The physician-owners of Knightsbridge, after opening the ASC in 2001, partnered with Regent and OhioHealth in 2007. An excerpt from the…
Physician-owner Herb Riemenschneider, MD, Administrator David Moody and Regent Surgical Health COO Nap Gary describe the process of creating a joint venture between Knightsbridge Surgery Center and OhioHealth. Knightsbridge Surgery Center in Columbus, Ohio, opened its doors as a physician-owned ASC in 2001. Six years later, the surgery center became a joint venture…
At the Becker’s ASC Conference in Chicago last month, I gave a presentation with Regent Chief Development Officer Jeffrey Simmons on Regent’s ambulatory surgery center joint venture models. After explaining to the audience the industry trends leading independent ASCs and hospitals to seek joint ventures and the success we’ve had with our ownership models, an…
A modified version of this article appeared in Becker’s ASC Review When Joyce Deno Thomas, now senior vice president for Regent Surgical Health, was administrator at Loveland Surgery Center, she helped develop a convalescence center that allowed surgeons to perform higher acuity cases at the ASC. After their procedures, patients were discharged to the convalescence…