Becker's ASC Review

11 ASC MANAGEMENT 13 fastest growing private ASC, physician companies, per Inc. 5000 By Laura Dyrda T hirteen ASC and physician practice groups or management companies appeared on Inc. 5000's 2021 list of fastest-growing private companies. All companies featured are for-profit, independent entities and ranked based on three-year revenue growth. Below are the 13 companies with their rankings and growth percentage. 1. Endo1 Partners (Houston): 141 with 2,936 percent growth 2. Surgery Center at Corporate Way (Day- ton, Ohio): 339 with 1,387 percent growth 3. Avecina Medical (Jacksonville, Fla.): 956 with 503 percent growth 4. American Physician Partners (Brentwood, Tenn.): 1,805 with 252 percent growth 5. Bethany Medical Clinic of New York (New York City): 2,245 with 190 percent growth 6. Doctor's Urgent Care (Troy, Mich.): 2,290 with 186 percent growth 7. Lake County Intermediate Care (Wauke- gan, Ill.): 2,817 with 141 percent growth 8. American Family Care (Birmingham, Ala.): 3,483 with 97 percent growth 9. Genesis Orthopedics & Sports Medicine (St. Charles, Ill.): 3,545 with 96 percent growth 10. Weil Foot & Ankle (Mt. Prospect, Ill.): 3,768 with 87 percent growth 11. Schweiger Dermatology Group (Long Island City, N.Y.): 3,806 with 85 percent growth 12. PM Pediatrics Management Group and Affiliates (Lake Success, N.Y.): 3,970 with 78 percent growth 13. Thompson Healthcare & Sports Medi- cine (Forked River, N.J.): 4,235 with 69 percent growth n 8 key stats on the impending physician shortage By Patsy Newitt T he already looming physician shortage was accelerated by the COV- ID-19 pandemic — pushing physicians to plan for early retirement. "I believe an aging physician population will adversely impact the ASC industry by significantly decreasing the volume of outpatient surgeries aer phy- sician retirements," Trey Sampson III, administrator of Newport Beach (Calif.) Surgery Center, told Becker's. Here are eight pivotal stats to know about the expected physician shortage: 1. e U.S. could face a shortage of 37,800 to 124,000 physicians by 2034, according to data released by the Association of American Medical Colleges. e range slightly narrowed compared to the 2020 estimate, a projected short- age of 54,100 to 139,000 physicians by 2033. 2. More than two of five active physicians will be older than 65 in the next decade. 3. e states most likely to see physician shortages are in the West and South, according to a report from Physicians rive. Here are the five states most and least likely to see physician shortages. 4. e Association of American Medical Colleges estimates suggest current demand would increase by an additional 180,400 physicians if marginalized minority populations, people living in rural areas and the uninsured used care the same way as those with coverage in metropolitan areas. 5. About 25 percent of physicians said they made plans for early retirement during the pandemic, according to a Medscape survey, and several others said they have considered leaving medicine. 6. In a 2020 survey, Merritt Hawkins said the pandemic has resulted in a record level of physicians seeking jobs, yet from March 2020 to July 2020, recruitment searches sank 30 percent. 7. In nursing, a Cleveland Clinic Lerner College of Medicine formula projects a shortage of 510,394 registered nurses nationwide by 2030. 8. Hospitals are incentivizing nurses and other workers to join their teams by expanding sign-on bonuses. Houston Methodist is offering nurses $15,000, and Piedmont Healthcare in Atlanta is offering nurses $30,000. n "I believe an aging physician population will adversely impact the ASC industry by significantly decreasing the volume of outpatient surgeries after physician retirements." - Trey Sampson III, Newport Beach Surgery Center

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