Tenet Healthcare Corporation (NYSE: THC) is experiencing an “incredibly busy year” when it comes to United Surgical Partners International (USPI), its large ambulatory surgery center (ASC) business. In part, all of the action is driven by an increase in ASC higher-acuity caseload, with total joint replacements in Tenet’s ASCs up 23% year over year, with ongoing growth in urology and gastrointestinal (GI) procedures as well. Overall same-facility surgery volumes for Tenet’s ambulatory arm were … [Read more...]
Same-Store ASC Revenue Up at HCA Healthcare Despite Dip in Surgery Volume
Outpatient surgery volume across HCA Healthcare’s (NYSE: HCA) ambulatory network declined slightly in the second quarter of 2024. The number of individual surgery centers in the hospital system’s portfolio was down on a year-over-year basis as well. But from a revenue perspective, total growth for HCA Healthcare’s outpatient surgery business was solid last quarter. What’s more, the slight dip in outpatient surgeries was partly attributable to the unique circumstances around Medicaid … [Read more...]
New Surgery Ventures ASC Blue River Surgery Center Opens in Kansas City
Hammes Partners – a national real estate consulting, development, investment and management firm – has completed its latest ambulatory surgery center (ASC) project. The Blue River Surgery Center in Kansas City is a 22,500-square-foot ASC that houses five operating rooms and two specialty procedure rooms for orthopedic, gastroenterology and other multi-specialty cases. Now open, the ASC was developed for Surgery Ventures, the ASC arm of HCA Healthcare (NYSE: HCA). The center – located in a … [Read more...]
Strategic Expansion for ASCs: How to Meet Growing Demand
Ambulatory surgery centers (ASCs) play a crucial role in the U.S. health care landscape. There are over 6,000 Medicare-certified ASCs in the country, and this number is rapidly increasing due to several factors, including shifting payer and patient preferences for non-hospital alternatives. For ASC operators, all that growth raises an important question: How do you capitalize on that demand and expand in a strategic, safe and impactful manner? And there isn’t a one-size-fits-all answer to … [Read more...]
Coastal Orthopedics Chief Physician Dr. Arthur Valadie on Expansion Plans, Emerging ASC Market Dynamics
Florida-based Coastal Orthopedics was nominated Best Ambulatory Surgery Center by U.S. News & World Report, shortly after the team made the decision to expand in a new location. Relocated to its current location in 2022, Coastal Orthopedics' 88,000-square-foot Bradenton headquarters is equipped with same-day surgery technology clinical services, physical therapy, administrative offices and MRI facilities, out of which 16 orthopedic specialists operate. Dr. Arthur Valadie, chief … [Read more...]
Sutter Health Continues ASC Expansion Despite Industry Challenges
The number of ambulatory surgery centers (ASCs) in the United States has grown significantly over the past five years. The ASC industry experienced an average annual growth rate of 5% between 2018 and 2023, according to industry analysts at IBIS World. This growth is expected to continue at approximately 3% from 2024 to 2033. California is reported to have the highest number of ASCs. One of the biggest players in the market is Sutter Health. Sutter Health, a not-for-profit integrated … [Read more...]
From Hospitals to ASCs: The New Frontier in Advanced Spinal Surgeries
Not too long ago, patients in need of complex spine procedures would find themselves wandering through sprawling hospital complexes for surgeries and follow-up appointments. That experience is now happening less frequently for many individuals, however, as the types of spine surgeries that once only took place in traditional acute care hospitals shift into the ambulatory surgery center (ASC) setting. The trend is likely to continue, too, according to ASC executives who specialize in spinal … [Read more...]
Moving Bariatric Surgeries to ASCs Leads to Greater Patient Availability, Satisfaction
Bariatric surgery has seen a significant increase in popularity over the years, with over 250,000 surgical procedures being performed in the United States alone in 2018, per the American Society for Metabolic and Bariatric Surgery. This surgery is aimed at helping patients lose excess weight while reducing the risk of weight-related health problems, such as heart disease, stroke, sleep apnea, cancers and more. Typically, bariatric surgery is recommended for individuals with a body mass … [Read more...]
New Tampa ASC Shifts Focus from ‘Reactive’ to ‘Proactive’ Kidney Care
Panoramic Health, an integrated provider group in kidney care, recently announced the opening of a new 10,000-square-foot ambulatory surgery center (ASC) in Tampa, Florida. The facility, developed in partnership with Florida Kidney Physicians (FKP), features five operating rooms and aims to offer advanced vascular treatments in an outpatient setting. Dr. Shyam Uttamchandani, FKP chief financial officer and nephrologist, said that the center is trying to transform kidney care from “reactive” … [Read more...]
DISC Surgery Center Teams Up with Dr. James B. Chen to Offer Joint Replacement Services as Part of Expansive Growth Plan
DISC Sports & Spine Center has partnered with Dr. James B. Chen, an orthopedic surgeon specializing in hip and knee joint replacement. Chen is nationally recognized for his work in advanced technology and robotic techniques, giving DISC confidence in the total joint replacement program he is introducing at its Newport Beach, California, facility. DISC Sports & Spine Center provides comprehensive care in spine, orthopedics, pain management and sports medicine. With surgery centers … [Read more...]