Becker's ASC Review

Becker's ASC Review February 2013 Issue

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8 Inexpensive Ways for ASCs to Boost Patient Volume p. 21 INSIDE ASCREVIEW 10 Ways to Improve ASC Finances & Operations p. 19 Practical Business, Legal and Clinical Guidance for Ambulatory Surgery Centers Become a Better Administrator in 2013 p. 15 How ASCs Can Effectively Handle CMS Quality Reporting p. 46 9 Tactics for Effective Hospital/ASC Joint Ventures p. 26 ASC Turnarounds: Ideas to Improve Performance p. 18 Transaction & Valuation Issues p. 26 Anesthesia p. 31 Business Office/ Accounting/HR p. 41 Supply Chain p. 42 Infection Control p. 44 9 Mistakes to Avoid When Adding Spine Surgery to an ASC By Rachel Fields Many surgery centers are considering the addition of spine surgery, a specialty that can boost profitability due to its high per-case revenue. This specialty is particularly appropriate for surgery centers already performing orthopedics because much of the necessary equipment may already be in-house.  continued on page 8 INDEX Coding, Billing and Collections p. 29 February 2013 • Vol. 2013 No. 2 4 Specialties and Procedures to Consider Adding in 2013 By Rachel Fields Surgery centers should be looking to increase case volume and add lucrative procedures in 2013, and the time is ripe to consider several new specialties and cases — especially in the areas of orthopedics and spine. Here, three surgery center experts discuss four procedures that will move into the outpatient setting within the next year, as well as ideas for effective implementation.  1. Total joint replacement. Goran Dragolovic, senior vice president of operations for Surgical Care Affiliates, says his company has noticed increased interest and activity around total joint replacements in surgery centers. "There are now even indications that CMS is thinking about reimbursing for total joint replacement in the ASC setting," continued on page 9 11 Ways to Cut Overhead Costs in Surgery Centers By Laura Miller With increasing costs and decreasing reimbursements coming in the next year, it will be important for ambulatory surgery centers to cut overhead costs where possible to realize an impact on the bottom line. "Almost any cuts in overhead costs will flow directly to the bottom line as most facilities have fixed costs covered," says H. Thomas Scott, director of operations for Surgical Management Professionals. "Any expenses you can cut fall to the bottom line and have a huge impact on the distributable cash to the investors."  Mr. Scott and Charles Dailey, vice president of development at ASD Management discuss 11 ways for ambulatory surgery centers to cut overhead costs next year. 1. Examine and reorganize materials contract structures. Most ambulatory surgery centers are part of a group purchasing organization, either individually or with their management continued on page 10 register today! 11th Annual Orthopedic, Spine & Pain Management-Driven ASC Conference June 13-15, 2013 • Chicago Keynotes: Mike Krzyzweski (Coach K), former basketball player and head coach at Duke University; Brad Gilbert, former professional tennis player, TV tennis commentator, author and tennis coach; Geoff Colvin, senior editor-at-large for Fortune Magazine and author of Talent is Overrated; Forrest Sawyer, TV journalist and entrepreneur in innovative healthcare and founder of FreeFall Productions 97 sessions, 52 physician leaders speaking and 130 speakers in total. To register or receive a brochure, call 800-417-2035. For information on sponsorship and exhibits, call Jessica Cole at (800) 417-2035.

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