38
JOINT
VENTURES
AdventHealth's surgery center
expansion: 4 updates
By Patsy Newitt
A
dventHealth had a busy month in June expanding
its surgical offerings, as the health system opened
or acquired four centers in Florida and Kentucky.
Here's what you need to know:
1. AdventHealth opened a surgery unit in Manchester, Ky.,
to better serve the surrounding rural community.
2. AdventHealth and United Surgical Partners International
acquired Tampa (Fla.) Outpatient Surgical Center through
a new joint venture.
3. It is expanding its Tampa Bay (Fla.) campus with a $256
million surgical tower.
4. AdventHealth is investing over $100 million to build a hos-
pital with an outpatient surgery center in Palm Coast, Fla. n
Center for Special Surgery
breaks ground on $26M
medical campus with ASC
By Patsy Newitt
T
he Center for Special Surgery broke ground on a
$26 million medical campus with an ASC in West
Fargo, N.D., according to a June 11 news release.
Fargo, N.D.-based CSS is developing the 90,000-square-
foot campus in partnership with real estate developer
Enclave.
The facility will offer ENT, orthopedics, ophthalmology,
neurosurgery and plastic surgery, among other services.
The campus will also bring more than 200 "above-aver-
age paying" jobs to the area, according to InForum. n
• Revenue Cycle: Employ best in class coding, billing and AR
management to deliver maximum revenue and minimize
compliance risks and recoupments with revenue cycle expertise
tailored to your group and specialties.
• Costs (variable and fixed): Find cost reduction opportunities in
economies of scale and position your supergroup as the lowest-
cost, highest value model for healthcare delivery in negotiations
with 3rd party payers and provider networks.
• Marketing: Clearly define your identity and pool resources as
you grow to build a marketing presence that effectively addresses
top orthopedic healthcare needs, attracts patients and surgeons
to your supergroup, and provides real-time insight into pro-
grams that are providing the greatest value.
• Legal: Secure legal counsel to appropriately represent, advise,
and structure your organization to ensure compliance and miti-
gate legal risk.
• Corporate Structure: As you grow, carefully cra your surgeon
partnerships and administrative structure to build a framework
upon which a larger organization can flourish.
Rising Fast
Orthopedic supergroups represent a significant opportunity for prac-
tices large and small. In 1966, Cream changed music forever. It's safe
to say that orthopedic supergroups are doing the same thing today,
improving the lives of both patients and physicians.
Continued from page 37.
References
1. https://www.beckersspine.com/orthopedic/item/51519-a-rising-trend-4-new-orthopedic-supergroups.html
2. https://www.beckersspine.com/orthopedic-spine-practices-improving-profits/item/43290-are-super-groups-the-future-dr-nicholas-gros-
so-shares-insights-on-the-benefits-of-private-practice.html
3. Principal Strategic Options for Orthopedists to Remain Independent inOur RapidlyEvolving Health Care System
4. https://www.pinnacleiii.com/retain-attract-surgeons/
5. https://www.beckersasc.com/pdfs/1_ursday_Oct_22nd/Track%20A/6_u_0350pm_Murrey.pdf
6. https://www.physicianspractice.com/view/ipas-and-super-groups-are-they-you
