Becker's ASC Review

13 ASC TURNAROUNDS The Centers for Advanced Orthopaedics' Revenue Increases 75% in Less Than 5 Years: 5 Takeaways By Mackenzie Garrity S ince its inception in 2014, Bethesda, Md.-based e Centers for Advanced Orthopaedics has seen rapid growth. Here are five insights: 1. CAO first started with 128 physicians. e group has since grown 40 percent to nearly 200 physicians, working at 65 locations and 39 physical therapy centers under the leader- ship of Nick Grosso, MD, Louis Levitt, MD, and Subir Jossan, MD. 2. Along with a boost in physicians, CAO has experienced a 75 percent increase in revenue, becoming the largest orthopedic group in the nation. 3. According to e Physician Foundation, private practice employment has dropped from 62 percent of physicians in 2008 to 35 percent in 2014. However, CAO has created a model that encourages private practice employment and uses resources for all physi- cians to flourish. 4. CAO physicians have access to patient data from the almost 200 physicians involved. is allows CAO to improve clinical outcomes and streamline processes. 5. Drs. Grosso, Levitt and Jossan created CAO with the determination to help private practices grow. ey believe private practice is the best model for personalized care. n Analysts Find ASCs Earned $26B in 2016 — 60% of Eligible Procedures to be Performed in ASCs by 2020 By Eric Oliver A Research and Markets report analyzed the U.S. ASC market, find- ing centers earned $26 billion in 2016. Here's what you should know: 1. Research and Markets believes there are 6,150 ASCs nationwide. Of the ASCs, 57 percent are independent/physician owned, 22 per- cent are corporate/for-profit and 21 percent are hospital-owned/ nonprofit. 2. Analysts believe corporate ASC companies are taking control of the market, citing a 43 percent increase from 2010 to 2015 in ASC company-owned facilities. 3. The reduced cost of performing procedures in ASCs saves patients up to $5 billion annually, analysts report. The savings the government reaps from Medicare and commercial payers having procedures performed in ASCs are at $18.7 billion and $12.4 bil- lion, respectively. The government reaps savings to the tune of $18.7 billion annually when Medicare-insured patients undergo procedures at an ASC. Similarly, the government saves $12.4 billion when commercially insured patients receive surgical treatment at an outpatient center. 4. Analysts believe by 2020, 60 percent of all eligible procedures will be performed in the outpatient space. 5. Concerning physician specialties, 25 percent of all gastroenterol- ogy cases are performed in ASCs, but cataract surgery is the most common procedure in an ASC. 6. Orthopedics, ENT and urology remain the most profitable ASC procedures. n Oregon Vascular Specialists Building new Surgery Center — 6 Things to Know By Shayna Korol V ascular surgeons Jason Jundt, MD, and Wayne Nelson, MD, are building a new surgery center in Bend, Ore., according to The Bulletin. Here are six things to know: 1. The 11,000-square-foot property is scheduled to be complete in June. The building will feature offices and an ASC with two operating rooms. 2. Oregon Vascular Specialists is currently at a temporary location in Bend. 3. In September 2017, the property owner Cen- tral Oregon Vascular Institute obtained a build- ing permit with a value of $3.5 million. 4. Oregon Vascular Specialists will perform mi- nor outpatient surgeries, including varicose vein removal, angioplasty and stent placement. 5. The center will be the only vascular surgery and vascular surgery-related ultrasound lab in Central Oregon and the region's sole office- based interventional vascular lab. 6. The practice has 15 employees and expects to hire another vascular surgeon in the summer. n

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