Joint venture partnerships are not for every ASC, but they have the potential to provide several benefits. According to a presentation by Regent Surgical Health, these benefits may include: Higher case payments for the hospital model versus the independent ASC model ($1,200-$1,700 per case for independent ASCs, versus $2,200-$3,000 per case for hospital-affiliated ASCs). ASC…
While some independent ambulatory surgery centers may be placing a joint venture partner as a high priority, many ASCs have already established strong partnerships with a hospital and management company. “There is more pressure than ever to maintain these relationships,” says Nap Gary, COO of Regent Surgical Health. Here are five initiatives leaders of joint…
Becker’s ASC Review sat down with Regent COO Nap Gary, Knightsbridge Surgery Center physician-owner Dr. Herb Riemenschneider and Knightsbridge Administrator Dave Moody for an inside look at creating a successful physician/hospital ASC joint venture. The physician-owners of Knightsbridge, after opening the ASC in 2001, partnered with Regent and OhioHealth in 2007. An excerpt from the…
Physician-owner Herb Riemenschneider, MD, Administrator David Moody and Regent Surgical Health COO Nap Gary describe the process of creating a joint venture between Knightsbridge Surgery Center and OhioHealth. Knightsbridge Surgery Center in Columbus, Ohio, opened its doors as a physician-owned ASC in 2001. Six years later, the surgery center became a joint venture…
This article originally appeared in Becker’s ASC Review. Here are six ways physician investors can minimize risk with new start-up ambulatory surgery centers. 1. Identify a high quality management company. One of the best ways to minimize risk with a start-up ambulatory surgery center is surrounding yourself with experts. Paul Eiseman, vice president, business development…
At the Becker’s ASC Conference in Chicago last month, I gave a presentation with Regent Chief Development Officer Jeffrey Simmons on Regent’s ambulatory surgery center joint venture models. After explaining to the audience the industry trends leading independent ASCs and hospitals to seek joint ventures and the success we’ve had with our ownership models, an…
A modified version of this article appeared in Becker’s ASC Review When Joyce Deno Thomas, now senior vice president for Regent Surgical Health, was administrator at Loveland Surgery Center, she helped develop a convalescence center that allowed surgeons to perform higher acuity cases at the ASC. After their procedures, patients were discharged to the convalescence…
At the 20th Annual Ambulatory Surgery Centers Conference in Chicago on Oct. 25, Tom Mallon, CEO of Regent Surgical Health, and Jeffrey Simmons, chief development officer of Regent Surgical Health, shared best practices for joint venture partnerships with hospitals. Mr. Simmons began by presenting some key benefits of a hospital-partnered ASC: Significantly higher payments per…
Regent Now Manages and Partners in 23 Surgery Centers in the United States and Europe WESTCHESTER, Ill. (Sept. 27, 2013)—Regent Surgical Health has announced a new ASC joint venture partnership with the physician partners of Loveland Surgery Center in Loveland, Colo. The surgery center management and development company now manages and partners in 23 surgery…
New Vice President Don Phalen to Help Hospitals and Physicians Align Interests for Long Term Success WESTCHESTER, Ill. (August 26, 2013) — Regent Surgical Health, an industry-leading surgery center management and development company specializing in hospital / physician ASC joint ventures, announced today Don Phalen will join its business development team as a vice president.…