Becker's ASC Review

Becker's ASC Review November/December 2014

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42 13th Annual Spine, Orthopedic and Pain Management-Driven ASC Conference + The Future of Spine – Call (800) 417-2035 practices face. The company offers operational, financial and clinical services as well as business strategy services such as feasibility analysis and creating joint venture arrangements. Jessica Nantz, the company's president and founder, has held executive positions operating more than 80 facilities including ASCs, im- aging centers, physical therapy centers and rehabilitation hospitals for Health- South. She also founded mdStrategies, Inc., an ASC coding company. PCI | HealthDev. Formerly Physicians Capital Investments, PCI | Health- Dev is owned and managed by physicians, medical industry and real es- tate experts. The company's name change was a part of a strategic expan- sion initiative. Pedro Vergne-Marini, MD, a nephrologists, founded PCI | HealthDev in 2007. The company also provides solutions to help healthcare professionals achieve financial and medical real estate goals, such as Nu- Build and AssetMax. PhyBus. PhyBus offers a wide array of medical management solutions to single-specialty ASCs, multispecialty surgery centers, joint venture facilities, hospitals, physician practices and laboratories. Rodney Lunn, the founder and CEO of PhyBus, is considered by many to be the pioneer of the con- temporary ASC concept. Services offered include accreditation, budgeting, compliance as well as information, billing and coding systems, managed care contracting and quality assurance services. Physicians Endoscopy. Formed in July 1998, Physicians Endoscopy focuses on freestanding ASC development and management. The company aims to structure each partnership, whether it is a new center development, acquisi- tion or hospital joint venture, to ensure physician control. The company also offers other value-added services such as billing services. Physicians Endos- copy management team includes CEO Barry Tanner, CFO Karen Sablyak and COO Frank Principati. The company is affiliated with 30 centers across the United States. Physicians Surgery Centers. Glenn Cozen, CPA; Norm Lapin, JD, CPA; and Bob Trevathan, MBA, formed Physicians Surgery Centers in 1999. The company has developed and managed more than 12 surgery centers, rang- ing from 4,000 to 17,000 square feet and including two to seven operating rooms. The company handles the day-to-day operations of the ASCs under physician management direction. Its management team also includes Tony Knapp; Tim O'Brien, CPA; David Lippert, CPA; Nate Snyder, MBA; and Jeff Dottl, CPA. Pinnacle III. Pinnacle III has delivered a wide range of services to maxi- mize ASC development, management and billing since 1999. It works with single-specialty practices, physician-owned ASCs and multispecialty joint ventures with hospital partners. The company provides strategic growth planning that includes feasibility studies, cost savings on supplies, day-to- day management services and billing solutions. The company's president and CEO Robert J. Carrera spent the last 15 years developing and managing ASCs, physical/occupational rehabilitation centers and other healthcare- related facilities. Practice Partners in Healthcare. Larry Taylor founded Practice Partners in Healthcare in 2005. The company is a privately-held developer, manager and minority equity shareholder in ASCs. Initially, Practice Partners in Health- care focused on management contracts before expanding into management and ownership arrangements. The company currently has seven surgery centers in operation and six additional centers in the development phase. The company helps its clients with facility design, financing, equipment and supply procurement, scheduling, staffing, accreditation and managed care negotiations. Quorum Health Resources. Quorum Health Resources provides a wide ar- ray of services to hospitals and physician practices, and its QHR Healthcare Affiliates leverages the company's extensive experience in operations, pur- chasing power and other resources to affiliate with and manage standalone surgery centers. The company was established in 1977. C.E. Bilbrey serves as president and CEO and Timothy J. Ryan serves as QHR's CFO. Regent Surgical Health. Thomas Mallon and W. Michael Karnes established Regent Surgical Health in 2001. Today, the privately held company develops, manages and owns 21 ASCs, 16 of which are joint ventures with leading hos- pitals. The company focuses on finding financial solutions to increase net rev- enues for affiliates, and has pioneered the introducing new procedures into the ASC setting, such as spine and cardiology. Mr. Mallon and Mr. Karnes serve as the company's CEO and CFO respectively. The executive manage- ment team also includes Nap Gary as COO and Jeffrey Simmons as CDO. The company is affiliated with the Ambulatory Surgery Center Association. Sovereign Healthcare. Founded in 2003 by Jeremy Hogue, the company fo- cuses on developing and managing ASCs, creating joint ventures with hospi- tal systems, co-managing acute care hospital service lines and managing the business side of large physician practices. Specifically for ASCs, the company provides turnkey services, structuring, financing and ongoing operational oversight. Sovereign Healthcare invests in surgery centers alongside physician partners and becomes a minority equity partner. The company has seven ASCs, one of which is affiliated with a hospital system. Spine Centers of America. Spine Centers of America operates three surgery centers and employs a team of endoscopic spine surgeons who focus on per- forming state-of-the-art minimally invasive spine surgery techniques. SCA was founded by fellowship-trained orthopedic surgeon Bryan Massoud, MD, who currently serves as head surgeon. Spine Centers of America includes three New Jersey locations — in Fair Lawn, Union and North Bergen. SurgCenter Development. SurgCenter Development develops surgery cen- ters throughout the United States. It provides a wide array of services to help local physicians establish ASCs, such as initial investor recruitment, real es- tate acquisition and lease or purchase negotiations, architect selection and construction contractor, facility design and preparation for licensing through the facility nurse manager. The typical SurgCenter Development ASC is 5,000 to 9,000 square feet, contains one to three operating rooms and takes ap- proximately nine months to complete. The company does not charge devel- opment or management fees. SurgCenter Development shares income with physicians through an ownership interest in the center. Gregory George MD, PhD, and Sean O'Neal are the founders of the company and currently serve as two of its eight principals. Surgem. Surgem provides ASC development, financing and operational sup- port services. The company also provides facility initiation services, such as licensing/accreditation compliance as well as policy and procedure manual preparation. Surgem has equity in and manages 15 surgical centers, with an- other three in the construction and development phase. John H. Hajjar, MD, FACS, MBA, the chairman and CEO of Surgem, founded the company in 2005. Surgery One. Surgery One has a network of four surgery centers that offer specialized outpatient services in numerous specialties, such as orthopedics, spine, ophthalmology and pain management. The company also aims to pro- mote transparency in the cost of surgery. The company's CEO is Scott Leggett. Surgery Partners. The company focuses on ASC acquisition, development and management. Earlier this year, Surgery Partners agreed to purchase Sym- bion for $792 million in cash. 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