Becker's Spine Review

Becker's March 2022 Spine Review

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30 PRACTICE MANAGEMENT Florida orthopedic practice more than doubles revenue since 2019 merger By Carly Behm T ampa-based Florida Orthopaedic Institute became the largest orthopedic practice in the state in 2021 after merging with MD Healthcare Partners in 2019, Business Observer reported Jan. 24. Since the merger, FOI has more than doubled its rev- enue and number of physicians. In 2021, it added 12 physicians and expanded to 23 locations across Florida. It's now the 12th largest orthopedic practice nationally. The practice serves more than 145,000 patients and has 101 physicians and 750 employees at its headquarters. FOI was founded in 1989, according to its website. The practice began with 12 physicians working in an office and a hospital. n DISC Sports & Spine Center gets investment to expand By Carly Behm A musculoskeletal management company and an investment adviser have partnered to expand the outpatient model behind Newport Beach, Calif.-based DISC Sports & Spine Center. The partnership between Trias Global and Chicago Pa- cific Founders plans to expand DISC Sports & Spine's data- and evidence-driven model for outpatient spine migration and launch new facilities, according to a Jan. 11 news release. Trias Global plans to work with payers on billing strategies to optimize site-of-care delivery and has hired James Becker as CEO of the company. DISC Sports & Spine Center was formed in 2006 by Robert Bray Jr., MD. "We've been building this model for more than 15 years — carefully defining the value of outpatient spine while developing a thorough understanding of what it takes to migrate care into ASCs," Dr. Bray said in the news re- lease. "We're both humbled and excited that CPF sees the significance of our model and its potential to set a gold standard for the future." n Physician-owned surgical hospital inks joint venture with 2 Ohio health systems By Alan Condon O hio Valley Surgical Hospital, an independent hospital in Springfield, has affiliated with Columbus-based OhioHealth and Dayton-based Premier Health, which will both share ownership in the facility with 35 physicians. "This partnership brings needed resources to successfully innovate in a changing healthcare landscape while allowing the doctors to maintain independence and focus on clinical excellence," Steve Eisentrager, president of Ohio Valley, said in a Jan. 4 news release. The joint venture will identify opportunities to expand access to healthcare services in Springfield, but there are no imme- diate plans to adjust services at the hospital. OhioHealth President and CEO Steve Markovich, MD, said, "This is a unique opportunity for us to work collectively to strengthen Ohio Valley, enhance their current offerings and put them in a position for continued growth and success." Founded in 2009, Ohio Valley Surgical Hospital provides in- patient and outpatient care in more than 16 specialties, in- cluding spine surgery, orthopedics, gastroenterology, gener- al surgery and urology. n $68.5M spine, orthopedic hospital slated for Arkansas By Alan Condon U AMS Orthopaedic & Spine hospital in Little Rock, Ark., is one of two major construction projects that the health system expects to complete within the next 18 months, according to Arkansas Business. The 158,000-square-foot musculoskeletal hospital, which will cost $68.5 million to build, is set to open in March 2023. It will comprise operating rooms, patient rooms and offices as well as space for the University of Arkansas for Medical Sciences' orthopedic trauma, orthopedic oncology, and physical med- icine and rehabilitation programs. The expansion reflects the growth of the UAMS orthopedic program as well as the research and education provided by the UAMS Jackson T. Stephens Spine & Neurosciences Insti- tute, according to the health system. UAMS also plans to open a $56 million radiation oncology center in June 2023. n

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