With orthopedic providers across Florida seeing more procedures shifting to the outpatient setting, the Tallahassee Orthopedic Clinic (TOC) is poised to embrace this change with expanded services and new leadership. In early February, TOC officially announced the opening of its Spine and Joint Surgery Center, along with the appointment of its longtime CFO, Kelby Tardi, as the organization’s new CEO. TOC has long been a major player in the region, with 35 physicians, 10 regional offices … [Read more...]
How ASCs Can Navigate Value-Based Care
Although value-based care models offer the potential for lower costs and improved outcomes in ambulatory surgery centers (ASCs), these types of reimbursement structures remain relatively few and far between. Indeed, only a fraction of ASC-focused physicians are currently involved in value-based arrangements, according to a group of industry leaders who spoke about the topic at a recent conference. One culprit is the complexity of older payer systems that cannot easily adapt to prospective … [Read more...]
Navigating Change: How ASCs Are Turning Challenges into Growth Opportunities
Ambulatory surgery center (ASC) operators face a rapidly evolving health care landscape, requiring strategic planning to thrive. During a recent panel discussion at an industry conference, ASC leaders shared their expertise on strategies for revenue growth and operational efficiency. If operators can understand and anticipate changing demographics and market conditions, they can turn challenges into opportunities, Patrick Garman, president of Spartan Health Surgicenter, said during the … [Read more...]
Why ASCs Should Brace for Consolidation in 2025
Ambulatory surgery centers (ASCs) continue to face swift and significant consolidation trends, which will likely pick up even more in the coming year. Both private equity firms and health systems are intensifying their involvement in the outpatient surgical market, creating new challenges and opportunities for independent ASCs. Smaller, physician-owned ASCs have historically thrived on agility, personalized service and cost efficiency, Todd Currier, CEO and administrator of Bend Surgery … [Read more...]
Bain Capital’s Go-Private Surgery Partners Bid Seen as ‘Low,’ Not Reflective of ASC Market’s Upside
Surgery Partners has confirmed it received a non-binding acquisition proposal from Bain Capital Private Equity. The proposal was delivered to ambulatory surgery center (ASC) giant Surgery Partners on Jan. 27. In it, Bain Capital proposed to buy all of the outstanding shares of Surgery Partners it doesn’t already own for a cash consideration of $25.75 per share. Bain Capital and its affiliates own about 39% of Surgery Partners’ common stock. Moving forward, a special committee of … [Read more...]
‘The Future of Cardiovascular Care’: Atlas Healthcare Partners, MedAxiom Announce Joint Venture Expansion
Atlas Healthcare Partners and MedAxiom on Wednesday announced an expansion of their MedAtlas CV joint venture. In doing so, the pair are doubling down on their focus on providing cardiovascular care within ambulatory surgery centers (ASCs). This partnership combines Atlas’ experience in ASC development and management with MedAxiom’s expertise in cardiovascular care, Aric Burke, president and CEO of Atlas, and Joe Sasson, chief commercial officer and senior vice president of Ventures at … [Read more...]
From Standalone ASCs to Scalable Hybrids: Insights on Building for Growth and Innovation
From standalone centers to hybrid models, patient-centered design, and the integration of new technology, ambulatory surgery center (ASC) design is transforming the way health care is delivered. Ambulatory Surgery Center News connected with Camilla Moretti, principal at architecture firm HKS, which has designed over 5,800 large-scale health care projects across the globe, to talk about the forces shaping the future of ASC design and how operators can plan for scalability and … [Read more...]
Rapid Backlash Halts Kaiser’s Anesthesia Reimbursement Cuts: What It Means for ASCs
In November, Kaiser Permanente announced it would require specific modifiers to identify anesthesia providers for reimbursement under its Washington health plans, causing alarm for ambulatory surgery center (ASC) operators and stakeholders, many of whom are struggling amid a national anesthesiologist shortage. Additionally, the reimbursement rate for QZ services performed by Certified Registered Nurse Anesthetists (CRNAs) was to be reduced to 85% of the Physician Fee Schedule. QZ is a … [Read more...]