Becker's ASC Review

Becker's ASC Review Jan/Feb 2014 Issue

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LISTS INSIDE: 50 Most Powerful People in Healthcare; 13 ASCs Adding New Specialties Consolidation in Healthcare: Should ASCs Join In? Matthew Searles, MBA, Partner at Merritt Healthcare discusses the rush to consolidation in the healthcare market and where ASCs fit. p. 17 ASC Growth in 2014: Biggest Barriers & Opportunities Eight ASC administrators discuss where growth may still be possible for their centers over the next year. p. 15 Coding & Billing Changes to Anticipate Next Year The upcoming year of healthcare reform implementation signals tumultuous times for the healthcare industry and many anticipated changes stand to adversely affect ASCs' revenue cycle. President of National Medical Billing Consultants Lisa Rock discusses what to expect. p. 38 INDEX Operational Efficiency p. 10 Transactions & Joint Ventures p. 17 Key Specialties p. 36 Coding & Billing p. 38 ASCREVIEW Practical Business, Legal and Clinical Guidance for Ambulatory Surgery Centers January/February 2014 • Vol. 2014 No. 1 Industry Evolution: Where Does the Future of ASC Independence Stand? By Carrie Pallardy The ambulatory surgery center industry has been traditionally dominated by purely physician-owned centers, but whether or not ASC leaders are prepared, widespread change is now an industry constant. Hospitals, health systems and ASC management companies are acquiring centers at an escalating rate, independent physicians seem to be an increasingly rare commodity and independent centers are faced with an uncertain future. Four ASC industry leaders share their thoughts on where the ASC industry stands and cast an eye on one of the most pressing questions in the industry: Does the independent ASC have a sustainable future? p. 48 Physician employment: Independent physicians, whether equity owners or simply bringing cases to a center, are the foundation of the ASC industry. As hospitals and health systems race to acquire physicians and physician practices, it is growing concern that this foundation is beginning to crack. Physician continued on page 18 12 Focus Areas to Boost Surgery Center Case Volume & Revenue in 2014 ASC Landscape in 2014 & Beyond: Healthcare Reform's Biggest Threats, Opportunities By Carrie Pallardy By Laura Miller Surgery center leaders are constantly on the look out for ways to drive their centers' case volume and revenue. As 2014 approaches, the goals remain the same, though the industry challenges continue to evolve. Four surgery center leaders map out their game plans for success in the new year. The incomplete roll-out of the Patient Protection and Affordable Care Act has left ambulatory surgery centers in limbo as they prepare for the coming year. Will they remain a feasible business model in the future? continued on page 10 continued on page 8 Supply Chain p. 40 Accreditation Issues Threats "ASCs will remain viable in a new age of healthcare reform, and in fact, well-managed ASCs should thrive," says Stacey 12th Annual Spine, Orthopedic and Pain Management-Driven ASC Conference + The Business of Spine June 12-14, 2014 • Chicago 132 Sessions • 168 Speakers • 63 Physician Leaders • 28 CEOs Keynote Speakers: NBA Hall of Famer Kareem Abdul-Jabbar Former Six-Term Governor of Vermont Howard Dean To learn more or register, visit or call (800) 417-2035

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