Issue link: https://beckershealthcare.uberflip.com/i/1365724
44 PRACTICE MANAGEMENT Spire Orthopedic Partners: 5 details on the newly formed practice management company By Alan Condon G reenwich, Conn.-based Spire Orthopedic Partners is a spine and orthopedics-focused practice management company that was established in 2020. Five things to know: 1. Spire provides practice management ser- vices, financial capital and operational re- sources to physicians who wish to grow their practices. 2. Affiliate practices can purchase new tech- nology, develop ancillary services and partic- ipate in new payment models. 3. Spire's practice network comprises 50 physicians, 450 employees and 10 locations across Connecticut and New York. 4. Orthopedic practices that have affiliated with Spire include Great Neck, N.Y.-based Orthopaedic Associates of Manhasset, Or- thopedic Associates of Middletown (Conn.) and Greenwich-based Orthopaedic & Neu- rosurgery Specialists. 5. Tim Corvino, MD, serves as CEO of Spire and Orthopaedic & Neurosurgery Special- ists. He is an emergency medicine physician with more than 20 years of healthcare expe- rience, including serving in executive and senior leadership roles. n Rothman Orthopaedic Institute opens flagship New York office By Alan Condon P hiladelphia-based Rothman Orthopaedic Institute opened its flagship office in New York City. The 20,000-square-foot office in Manhattan is mod- eled after Rothman's large offices in Philadelphia and New Jersey, according to a March 16 news release. It has 15 exam rooms, orthotics, an injection suite, X-rays, and an area for physical and hand therapy. Nine physicians practice at the office: • Grigoriy Arutyunyan, MD • Meghan Bishop, MD • Brandon Erickson, MD • Eric Grossman, MD • Melody Hrubes, MD • Joseph Lee, MD • Daniel Seigerman, MD • Michael Smith, MD • Justin Tsai, MD n New Hampshire orthopedic practice closing after hospital drops 17-year service agreement By Laura Dyrda A Gilford, N.H.-based orthopedic practice closed after a local hospital decided not to renew its service agree- ment, according to a report in The Laconia Daily Sun. Five details: 1. Advanced Orthopaedic Specialists' four physician partners disbanded at the end of March. 2. The practice had a service agreement with Laconia, N.H.- based Lakes Region General Hospital, dating to 2004. In De- cember, Concord (N.H.) Hospital acquired Lakes Regional, and decided not to renew it. 3. In a statement to the newspaper, Lakes Regional said the existing service agreement was not financially viable. "As Con- cord Hospital acquires our assets through bankruptcy, they need to assume contracts that are supportable in the long term and reject those which are not," according to the statement. 4. The physicians of Advanced Orthopaedic Specialists said they attempted to reach an agreement with Concord Ortho- paedics as well, but failed. 5. Two of the four Advanced Orthopaedic Specialists physicians are independently pursuing new options to continue their prac- tice, while the other two are in talks with Wolfeboro, N.H.-based Huggins Hospital, according to the report. n