Becker's ASC Review

Becker's ASC Review June 2013 Issue

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61 ASC Management & Development Company CEOs to Know, 20th Annual Ambulatory Surgery Center Conference Brochure Inside INSIDE 5 Big Factors in ASC M&A Activity Today ASCREVIEW p. 19 Price Transparency is Coming: What ASC Leaders Need to Know p. 39 12 Statistics on ASC Case Volume p. 20 ACOs 101 for ASC Administrators p. 37 Practical Business, Legal and Clinical Guidance for Ambulatory Surgery Centers June 2013 • Vol. 2013 No. 5 5 Improvements to Make Good ASCs Great By Laura Miller Chris Doyle, administrator, and Kristin Thompson of Riddle Surgical Center in Media, Pa., discuss five improvements that made their good surgery center great. 1. Check on patient wait times. Minimize patient wait times for happier physicians and patients, as well as a more efficient surgery center. Ms. Thompson and members of her team conduct waiting room rounds every day to see how long patients have been waiting and interact with family members to figure out how to make their experience better. continued on page 9 INDEX ASC Turnarounds: Ideas to Improve Performance p. 9 Transactions & Valuation Issues p. 19 Executive Briefing: ASC Industry Transaction Trends p. 29 Coding, Billing & Collections p. 37 Accreditation & Patient Safety p. 42 6 Ways ASCs Must Evolve to Meet Billing Challenges From Surgical Management Professionals CEO Mike Lipomi Billing and coding operations at ambulatory surgery centers are rapidly changing. ASCs may need to evaluate and update certain practices to stay relevant, compliant and profitable. 35 Joint Venture ASC Administrators to Know By Laura Miller Here are 36 administrators and leaders of joint venture ambulatory surgery centers to know. Traci Albers is administrator of North Ambulatory Surgery Center and High Pointe Surgery Center in Minnesota. She has more than 15 years of ASC and healthcare management experience, and has served as administrator at Surgical Management Professionals-affiliated ASCs since 2002. High Pointe Surgery Center is a physician-hospital joint venture. Jenny Bloebaum, RN, CNOR, is administrator of Texas Orthopedics Surgery Center in Flower Mound, Texas, a joint venture among Texas Health Resources, Texas Orthopaedic Associates and Surgical Care Afcontinued on page 35 Michael Lipomi is the president and chief executive officer of Surgical Management Professionals in Sioux Falls, S.D. He works with ASCs to improve their business operations. Here are six ways ASC can improve their revenue cycle operations to flourish. 1. Educate patients on financial responsibility. Some facilities still choose not to discuss financial arrangements with patients prior to the continued on page 14 REGISTER TODAY! 20th Annual Ambulatory Surgery Centers — Improving Profitability and Business and Legal Issues Conference October 24-26, 2013 • Swissotel • Chicago Keynotes: David Feherty, CBS Golf Commentator and Best Selling Author, Rick Pitino, Head Men's Basketball Coach University of Louisville, Bob Woodward, Legendary Pulitzer Prize-Winning Journalist/Author and Associate Editor, The Washington Post, Bonnie Blair, Speed Skating Champion and Gold Medalist Great business focused meeting for Ambulatory Surgery Centers 132 plus speakers; 87 plus sessions For more information, call (800) 417-2035

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