Issue link: https://beckershealthcare.uberflip.com/i/332156
Practical Business, Legal and Clinical Guidance for Ambulatory Surgery Centers ASCREVIEW June 2014 • Vol. 2014 No. 5 INDEX ASC Turnarounds: Ideas to Improve Performance p. 11 Transactions & Joint Ventures p. 28 Accreditation p. 38 Coding & Billing p. 40 Gastroenterology p. 53 Supply Chain p. 58 Single-Specialty ASC Outlook: Bright or Dark? Industry leaders discuss the transaction and valuation market for single-specialty ASCs p. 28 ASC Industry Insight Top challenges, legal issues, trends and priorities for ASC leaders going forward p. 9 3 Key Trends for ASCs in 2014 Key forces driving growth, profitability this year p. 29 Supply Standardization 7 ways to achieve physician buy-in p. 58 Anesthesia Group M&A is On the Rise: What Does This Mean for ASCs? By Anuja Vaidya Facing an increasingly uncertain healthcare climate, anes- thesia groups are banding together for survival. For these groups, bigger may just be better. Significant increase in M&A activity In an article in The Deal Pipeline, Dougherty & Co. analyst Brooks O'Neil says that the anesthesia space is consolidat- ing quickly and large practice management companies are Ambulatory surgery centers are now able to bring in more higher acuity cases than ever before. It's easiest for multispecialty centers already per- forming similar procedures to bring in a new specialty, or for single-spe- cialty centers to bring in higher acu- ity cases within the same specialty. "The multispecialty centers are bet- ter equipped to take on these new cases, especially if they are doing the specialty already," says Kelli McMa- han, RN, CASC, vice president of operations for Pinnacle III. "Centers that think progressively and ahead of the times with high quality standards and a good staff will be the most suc- cessful." Five of the most attractive specialties and procedures for 2014 are: • Orthopedics — total joint re- placements • Neurosurgery — spinal fu- sions/disc replacements • Urology — vaginal sling pro- cedures • Ophthalmology — retina sur- gery • General surgery/ENT — partial thyroidectomies "Operationally, it's not too difficult to add within the same specialty. For example, if you have an orthopedic surgery center, it's a matter of setting up guidelines and making sure you ASC Payer Trends: Evolving Market Creates Opportunities for ASCs By Laura Miller There is a lot going on in the payer world today — for- mation of narrow provider networks, rising premiums, health plan consolidation, advent of health insurance exchanges — and with all these changes come oppor- tunities for ambulatory surgery centers. "Payers are moving more and more towards shared savings models, which are ideal for ASCs because we continued on page 42 continued on page 9 continued on page 62 INSIDE: 150 Best Places to Work; 21st Annual Ambulatory Surgery Centers Conference Brochure Inside 5 Most Attractive ASC Specialties Through 2020 By Laura Miller 21st Annual Ambulatory Surgery Centers Conference Improving Profitability and Business and Legal Issues October 23-25, 2014 • Chicago Keynotes: Terry Bradshaw, Co-Host and Analyst, FOX NFL Sunday and NFL Legend; Bill Taylor, Founding Editor, Fast Company and Best-Selling Author; Lolo Jones, 2-Time Olympic Hurdler and World Champion, 2014 Olympic Bobsledder For more information, call (800) 417-2035 30 Great Surgeons, 36 Leading Administrators and 80 Surgery Center Speakers in Total