A recent article featured in Becker’s Hospital Review, “Racing toward value — Building an ambulatory platform to come out ahead,” recapped Regent Surgical Health’s executive session held at Becker’s Hospital Review 8th Annual Meeting in Chicago. During the session, Regent CEO Chris Bishop explained the sense of urgency around building robust ambulatory platforms and why they are critical to remaining profitable while taking on more risk.
According to the article, healthcare stakeholders involved in transition from volume- to value-based care, are realizing that an ambulatory network is key to lowering costs, improving outcomes, and attracting and retaining new patients.
Bishop’s presentation, titled “Double Your Ambulatory Platform by 2020,” explained how integrating ASCs and other ambulatory services such as urgent care and diagnostic imaging services is attractive to top physicians, and creates an optimal ambulatory platform that empowers patients to exercise choice about where they receive care.
On the forefront of ambulatory strategy since 2001, Regent Surgical Health is the largest private joint venture operator of surgery centers. The company currently partners with 26 U.S. surgical facilities, 18 hospital joint ventures and 9 total joint replacement centers. Regent offers ambulatory assessment expertise for potential acquisition targets; physician recruiting services; managed care analysis; cost to invest/revenue projections; and return-on-investment projections.
Thomas R. Lorish, MD, medical director for orthopedics, ambulatory services as well as chief executive of outreach at Providence St. Joseph Health – Oregon region in Portland, joined Bishop for the Becker’s session. Lorish was the architect of ambulatory strategy for Providence’s Oregon and southwest Washington region, which now includes eight hospitals integrated with an expansive ambulatory network of outpatient surgery, immediate care, clinics, and labs. Providence also includes a health plan that insures 600,000 lives.
Dr. Lorish has employed a physician alignment strategy to expand into new markets by offering additional avenues for patient care. His leadership has proven instrumental in advancing Providence’s orthopedics, rehabilitation, and ambulatory services. He outlined four ways an ambulatory platform can drive value, either through additional revenue or cost savings: 1. physician engagement through their independent practice groups versus hospital employment, 2. relationships with unaffiliated local providers facilitated through the ASC, 3. volume shifts from the hospital into a surgery center, and 4. transitioning appropriate total joint procedures to the outpatient setting.
The Becker’s article sums up the key reason optimal ambulatory platforms are critical to remaining profitable: “With a properly structured ambulatory platform, physicians achieve interconnectivity within a health system. Physicians at the surgery center can then focus on outpatient cases while hospital-based care teams can focus on specialty, emergency and higher acuity care.”
To learn how Regent Surgical Health helps hospitals embrace the risk and realize the opportunities robust ambulatory care platforms offer to lower costs, improve the quality of care, enhance patient loyalty, and improve physician satisfaction, download our white paper, “Double Your Ambulatory Platform by 2020.”