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…
Healthcare reform is driving drastic change in the industry as a whole and the ambulatory surgery center industry. As healthcare legislation causes fluctuation in reimbursement rates, physicians shift towards hospital employment and the pressure to provide quality, cost-effective care increases, the ASC industry faces a number of challenges in this shifting landscape. Here are 50…
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…
There are several steps necessary to ensure a profitable transition from an independent ambulatory surgery center to a partnership with a hospital: Identify who will lead the negotiation by payor and set your goals. Also identify who will be the hospital contact assigned to work with the ASC contact/contractor. Create a Proforma Work within the…
There are several steps necessary to ensure a profitable transition from an independent ambulatory surgery center to a partnership with a hospital: Identify who will lead the negotiation by payor and set your goals. Also identify who will be the hospital contact assigned to work with the ASC contact/contractor. Create a Proforma Work within the…
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…
Interview with Ann Roberts, Administrator, Surgery Center of Reno Q: In 2006, Saint Mary’s Regional Medical Center in Reno, Nev., handed over majority ownership of the Surgery Center of Reno to physicians. Why did it do that? Anne Roberts: The center was poorly managed and had a hospital mentality. That is to say, it was…
Interview with Tom Mallon, CEO, for Becker’s ASC Review Regent Surgical Health celebrates its 10-year anniversary this year (2011). Tom Mallon, CEO of Regent, discusses the milestone, how the company became and has remained successful and what he thinks will be necessary to allow him to reflect on the company’s 20-year anniversary a decade from…
Interview with Lori Martin, Administrator, Summit Surgery Center for Surgistratgies Magazine Lori Martin is no stranger to joint medical ventures. In 2009, she was the administrator at Summit Surgery Center in Reno, Nevada, when it joined forces with Catholic Healthcare West hospital; St. Mary’s Regional Medical Center (CHW). Regent Surgical Health, the Illinois-based management company…
By Vivek Taparia, Director of Business Development Over the course of the past several decades, the ambulatory surgery center industry has experienced dramatic changes such as major technological innovation and widespread growth. There will likely be no slowdown for the industry’s rate of change in the coming years as the industry goes through a period…