As more and more hospitals agree today’s economics favor ambulatory care, a new white paper from Regent Surgical Health outlines a comprehensive approach to investing in ambulatory care platforms to drive a successful value-based care strategy.
Regent CEO Chris Bishop anticipates the number of Ambulatory Surgery Centers (ASCs) will grow from about 5,500 in the Unites States today to between 8,000 and 10,000 within the next 10 years, and believes much of this growth will come as a result of hospital-surgeon joint ventures. The new white paper provides insights to help hospitals embrace strategic, structural and operational approaches that optimize ambulatory care platforms to lower costs, improve the quality of care, enhance patient loyalty and improve physician satisfaction.
“In today’s healthcare environment, hospital leaders are embracing joint ventures with physicians in ASCs to deliver quality care at lower cost to all, and to experience additional benefits including stronger loyalty through improved relationships with both patients and physicians,” Bishop explains.
For example, the white paper says patient satisfaction is a metric that helps drive even greater success for hospitals in the era of value-based care, both in terms of current expenditures and future revenue. Having invested heavily in electronic medical records over the past several years, hospitals can now access a patient’s full record anytime and anywhere. Extending this benefit across ambulatory care platforms is efficient for physicians and reassuring to patients, and helps hospitals set up systems and services to deliver the majority of care patients will require throughout their lifetime.
“The move to value-based care is forcing healthcare leaders to reconsider their entire patient care model including where procedures are performed, shifting focus to efficiency and quality, and on keeping patients healthy, not just retreating those who are sick,” says Bishop. “While the hospital ‘hub’ is best at taking care of very sick patients, adding ambulatory care facilities allows physicians to serve patients’ less severe healthcare needs in a more convenient, more efficient and cost effective venue, while referring inpatient needs back to the hospital.”
According to the white paper, leaders at hospitals and surgery centers are planning for the future with this model, many leveraging Regent’s expertise. “Our practice recognized this opportunity and launched an extensive search to find a surgery center management and development company that shared our vision,” says Dr. Jim Ballard, a partner at an independent ASC in Oregon. “Not only does Regent bring clinical and business expertise in operating centers, they have a track record for fostering strong relationships with surgeons and hospitals.”
Regent’s approach to ambulatory assessment for hospitals starts with market research, looking at the availability of existing ASCs or options to build new ones or repurpose licenses. After reviewing this intelligence with hospital partners, Regent develops construction estimates, operating budget projections and more to guide completion of the project.
“At Regent, we believe the health systems that will win in the new, value-based reimbursement world are those who drive care strategy from an effective and expanding ambulatory care platform,” Bishop says.
Click here to download a free copy of the new white paper, “Ambulatory Care Platforms: A Key Driver of Successful Value-Based Care Strategy.”