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Business Advisor: Your Blueprint for Supply Chain Preparedness
Congratulations, ASC leaders! You survived the summer vacations, volume fluctuations, lack of daycare and listening to physicians complain about the number of holidays that...
Business Advisor: Paint a True Picture of Your Business’ Value
Surgical facilities, of course, provide essential medical services to patients....
Business Advisor: Looking to Expand Your Surgery Center?
Stamford ASC, an orthopedic and spine center in Connecticut, has grown steadily since opening in 2016 and they wanted that upward trend to continue....
Business Advisor: Meeting the Demand for a Larger Workforce
The aging population has increased the need for healthcare services as older individuals require more medical services and care....
Business Advisor: Which Costing System Is Right for You?
Costing systems are essential to the sustainability and profitability of any successful anesthesia practice....
Business Advisor: Fostering Culture for the Win
Nurturing and maintaining a vibrant, positive culture remains essential for an ASC and can largely determine whether it flourishes or it fails....
Business Advisor: HR Policies Can Help Your ASC’s Bottom Line
The people working in an Ambulatory Surgery Center are incredibly valuable, and it is crucial to have structured, consistent practices for recruiting...
Business Advisor: Bridging the Supply Chain Gap
A thorough and well-meaning ASC administrator purchases a new product for their OR only after they read a study about it that notes stellar outcomes....
Business Advisor: Launching a New Service Line
As more procedures from more specialties make their way to the outpatient arena, ASCs are understandably tempted to expand their offerings by adding new service lines....
Business Advisor: Beyond the ‘Box of Doctors’ Model
Building a $50 million new construction project without a major health system as a partner is no easy trick, but that’s just what two western Wisconsin practices did....
Business Advisor: Chase Every Dollar
When I founded the Atlas Surgical group of ASCs 15 years ago, we outsourced our billing operations. Our collection rate was about 80%, which was acceptable, but not stellar. I came to realize...
Business Advisor: Getting More From a GPO
After years of negotiating with vendors to purchase supplies for our busy ophthalmic surgery center, we finally found an easier and less stressful way to score...
Business Advisor: Tray Rationalization Creates Big Savings
Concerns from surgeons and nurses about the quality of our instruments forced us to determine the root cause of the issue. First, we had to find out if it was related to...
Business Advisor: Three Keys to Selling a Physician Practice
Large health systems, physician practice management companies (PPMs) and private equity firms are buying physician practices in waves across the country. This rolling up...
Business Advisor: It’s the Little Things That Count
There’s a lot to juggle at a busy health system with nine operating rooms in which an average of 50 surgical cases are performed each day. When it came to my attention...
Business Advisor: Lessons Learned From Running a Rural ASC
“Load up the SUV honey, because we’re moving to Arizona.” That’s how I broke the news to my wife last year when I agreed to become the CEO of a small surgical center in a rural part of northern Arizona. I spent most...
Business Advisor: The Benefits of a Deep Bench
if you’re still doing most of your coding, billing and collections in-house and rely on traditional spreadsheets to track metrics that assess your facility’s performance, I feel your pain. That was the situation when I became director...
Business Advisor: ASCs as an Economic Stimulus
Exorbitant healthcare costs in America are a driving force in our troubled economy. Attempts to save money in this arena by public officials usually involve cutting services to Medicare recipients. I think there's...
Business Advisor: Stay Current to Control Supply Costs
A cardiac procedure is on the schedule and there are eight different-sized stents — at $80 a pop — that could be used. Your surgical team opens all eight, even though seven will likely be thrown away. That's $560 worth...
Business Advisor: The Secret to Bundled Payment Success
Bundled payment models work wonders for facilities that perform predictable, repeatable surgeries such as total joint replacements. In an industry where payment...