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12th Annual Spine, Orthopedic and Pain Management-Driven ASC Conference + The Business of Spine - call (800) 417-2035 physician partners through areas such as access to integrated networks," says Mr. Brodnax. "The challenges hospitals can bring is that they simply have a tremendous amount going on as they prepare for reform so you must be large enough or strategically aligned enough to be relevant to them and get their attention, focus and help." Preparation for next year ASC owners and operators are now implementing strategies to carefully manage expenses over the next five years. Dr. Berner recommends centers adjust their budgets based on an assumption of further downward pressure on the revenue side and pay closer attention to supply utilization. 9 "The efficiency and affordability of ASCs has — coupled with the technological advances — created a shift towards performing increasingly complex procedures in the outpatient setting," says Dr. Berner. "We are very enthusiastic about several of our new and evolving service lines." Solid operational goals and strategic planning will have a huge impact on the success of a center as healthcare reform continues to change the care delivery landscape. "Creating efficiencies begins with careful physical plant design," says Dr. Berner. "A well thought out and functional space that is 'right sized' will have a positive ripple effect on financial performance as well as physician/surgeon satisfaction." n 13 Recent ASC Management & Development Company Key Notes By Carrie Pallardy Here are 13 recent news updates on ambulatory surgery center management and development companies. AmSurg has reported the company's third quarter financial results with a 19 percent increase in revenue. Revenue was up to $268.2 million in the third quarter, compared to $224.9 million over the same period last year. Phillip A. Cledenin, executive vice president of Amsurg, recently sold 1,500 shares in the company at an average price of $43. The entire transaction, legally disclosed in a filing with the Securities & Exchange Commission, was a total of $64,500. Symbion has reported $4.2 million in income from continuing operations for the third quarter of 2013. Revenue rose 4 percent to $129 million and revenue per case increased more than 5 percent. In the third quarter, Symbion purchased a majority share in a California surgery center and a 20 percent share in a Tennessee ASC. United Surgical Partners International has announced a 17.7 percent increase in consolidated net revenue in the third quarter of 2013 over the same period last year. USPI also announced $63.1 million in operating income, a 12.5 percent increase. During the first nine months of 2013, USPI has acquired one facility, opened a de novo facility and sold interest in one facility. n Hospital Corporation of America has reported a net income growth of 1.4 percent to $365 million in its third quarter. Operating income increased 3.5 percent to $701 million and net revenue rose 4.9 percent to more than $8.4 billion. Medical Facilities Corporation announced $73 million in consolidated facility service revenue, a total of $73 million, for the third quarter of 2013. The company's consolidated income from operations increased 20 percent to $19.3 million. Meridian Surgical Partners announced that John C. Wilson, Jr. has been appointed the role of CEO and Jim Uden has assumed the role of executive vice president and chief financial officer. Buddy Bacon, the former CEO of Meridian Surgical Partners, has been named the CEO of MediTract, a large healthcare contract management company. Mr. Bacon co-founded Meridian Surgical Partners. Provider Contracting Services Reimbursement experts Physicians Endoscopy received the Cost Management Performance Award at the 2013 MedAssests Healthcare Business Summit. The summit is held to recognize organizations that have had a positive impact on the lives of others. Surgical Care Affiliates has announced the close of its initial public offering. The IPO included 9,777,778 shares of common stock. Underwriters purchased 1,466,666 additional shares. The total IPO was 11,244,444 shares. Provider Business Services Optimizing opportunity For the third quarter of 2013, Surgical Care Affiliates has reported an 8 percent increase in revenue from $180.8 million to $195.1 million, excluding revenue from facilities in which the company has a non-controlling interest. Net operating revenues, including all SCA facilities, increased 18 percent in the third quarter. Surgical Management Professionals has announced that it has added Moses Taylor Hospital in Scranton, Pa., and Lewis and Clark Hospital in Yankton, S.D., as management services clients. "We are very happy to be selected to partner with these fine facilities, and think the relationship will be mutually beneficial and rewarding," said Mike Lipomi, president and CEO of SMP. Private equity firm Crestview Partners has put Symbion on the market. The sale is expected to fetch as much as $800 million. Crestview Partners initially acquired Symbion for $637 million. ASC Operations Compliance & Consulting Services Preparing for excellence Eveia's Clients: · Ambulatory Surgery Centers · Surgical Hospitals · Health Systems with ASC Relationships · Physician Practices · Anesthesiologists For more information, call 425-657-0494 or visit our website at www.eveia.com