Outpatient Surgery Magazine

Helping Hand - July 2019 - Subscribe to Outpatient Surgery Magazine

Outpatient Surgery Magazine, providing current information on Surgical Services, Surgical Facility Administration, Outpatient Surgery News and Trends, OR Excellence and more.

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Page 32 of 128

joint venture. Each hospital has a 17% ownership interest totaling 51%, and a group of physicians owns 49%. (Before the merger, Skyline was 70% physician-owned while Bingham Hospital held 30%.) In opening our doors to Portneuf and Mountain View, they, too, can enjoy the convenience and comfort of an ASC, as well as its bargain- ing power. Now that Portneuf has an ASC in its system, the 205-bed hospital can contract with insurers that want a low-cost alternative to hospitals for surgical care. Economies of scale The joint venture will give everyone in our community within a 100- mile radius — from Jackson Hole, Wyo., to Twin Falls, Idaho, and down to the Utah border — access to cost-effective same-day surgery. We get calls every day about rising deductibles and co-pays. People are shopping for a less expensive alternative, and rightly so. We all know surgery at an ASC costs considerably less than at a hospital. Our surgery center will benefit as well: more cases, more surgeons, more specialties. • More cases. Our multi-specialty center has 3 ORs and 1 procedure room. In 2018, we performed 4,188 cases — 2,700 surgeries and 1,488 pain management procedures. We expect our new partnership will add 200-plus cases a month. Our facility has plenty of space to expand. We plan to add another OR and possibly an endoscopy suite. • More surgeons. Just as we give surgeons access to our facility, the partnership will give our facility access to surgeons. Before the alliance, we couldn't offer endoscopies, upper GI and colonoscopies because we didn't have a gastroenterologist who was not affiliated with our competitors. Now that we do, we'll add a new line of gas- troenterology services. The same goes for urology. For physicians, a shared site of care means efficiency. Doctors can J U L Y 2 0 1 9 • O U T PA T I E N T S U R G E R Y. N E T • 3 3

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