July-August 2024 • Vol. 2024 No. 6
What this CEO did to save
an ASC slated for closure
Hilo Community Surgery Center in Hawaii
was slated for closure — until Frederick
Nitta, MD, took over as CEO. Dr. Nitta,
an obstetrician-gynecologist, discussed
the most effective changes he made to
financially revitalize his ASC.
5 ASC profitability killers
Although the ASC industry is largely
fragmented, independence is becoming
increasingly difficult as practice costs soar
and healthcare consolidates.
continued on page 5
continued on page 3
continued on page 6
What ASCs want hospitals to
know
ASCs and hospitals in many markets have a complicated
relationship, with some hospitals opposing surgery centers
despite looking to invest in their own centers.
20+
STORIES INSIDE
Are spine, orthopedic surgeons exiting hospitals for private practice? p. 12
30
th
ANNUAL MEETING
THE BUSINESS & OPERATIONS
OF ASCS
October 30 - November 2, 2024
Hyatt Regency Chicago
SAVE THE DATE
IN THIS ISSUE:
CMS floats 2.8%
physician pay cut
p. 3
The debt philosophy
for 2 large
orthopedic groups
p. 11
What leaders
are saying about
colonoscopies
p. 13
Largest ASC chains
by number of
physicians
p. 20
US ASC market to
reach $60B by 2030
p. 20
The biggest issue
for CFOs in 2024
p. 21
