In October 2014, the Centers for Medicare and Medicaid Services added 9 new spine and neck codes to its list of reimbursable procedures that can now be performed at ambulatory surgery centers. As of January 1, 2015, the following nine codes are payable as separate procedures: Neck spine fuse&remov bel c2(22551) Neck spine fusion (22554)…
After a half-decade of uncertainty, clear trends are beginning to emerge in the U.S. healthcare system: the number of insured Americans continues to rise, patients are paying out-of-pocket more often for services and many doctors are giving up traditional private practice in favor of a variety of alternatives. For healthcare businesses, these new realities mean…
Based on his experience at Regent Surgical Health — which has seen tremendous growth in hospital joint venture surgery centers over the past seven years — Chief Development Officer Jeff Simmons says there will be many more joint ventures in the coming years. “In the world we live in, most of the surgery center transactions…
The outpatient surgery business is more competitive than ever before. After a decade of solid growth, the number of Medicare-certified ambulatory surgical centers in the United States is plateauing at about 5,500 locations. Hospitals, too, are increasingly entering the outpatient game. In an attempt to lower costs and capture new Affordable Care Act-driven market share,…
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…
Written by Heather Linder for Becker’s ASC Review Nap Gary, COO, weighs in on considerations ASC owners should make prior to pursuing a hospital joint venture. Pick partners wisely. In a joint venture, each partner needs to recognize that the goal is to satisfy the objectives of all involved. Selecting a hospital partner that fits…
Regent Surgical Health recently entered into a joint-venture agreement with an academic medical center — a departure from the traditional three-way joint-venture model of an acute-care hospital, management company and physician group. Under its agreement with Robert Wood Johnson University Hospital in New Brunswick, N.J., Regent will help move the hospital outpatient department to a…
By Mike McKevitt, Senior Vice President, Business Development The ambulatory surgery center sector of the healthcare industry is showing signs of maturity. Growth in the number of new centers, overall surgical volumes and the number of surgeons who are not currently affiliated with an ASC has hit a plateau. Yet despite the maturity, the only…