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Why Do ASCs Fail? - August 2015 - 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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company Ambulatory Surgical Centers of America in Hanover, Mass. He describes a typical recent example: a center on the verge of collapse because several of the partner-surgeons were bringing next-to-no cases. "They said it was because no matter how many cases they did, they didn't make any money. So we looked at the ownership charts. Sure enough, almost 90% was owned by people who were no longer practicing medicine, or who'd moved out of state. The docs who'd stuck around were saying: It isn't worth it. I'm busting my butt to put dollars in someone else's pocket." Any ownership scenario in which one physician has a significantly larger stake than any of the others is also likely headed for trouble, adds Joe Zasa, co- 3 7 A U G U S T 2 0 1 5 | O U T P A T I E N TS U R G E R Y. N E T Receive your facility fee — FASTER with the CareCredit healthcare credit card. Q Offer patients a comprehensive range of special financing options.* Q Reduce accounts receivable and collection costs Q Receive payment in 2 business days and improve your cash flow Q Provide a financial option that's easy to use for your patients and staff Call 800-300-3046 ext. 4519 today to learn how to add CareCredit to your practice RISK FREE! 800-300-3046 ext. 4519 www.carecredit.com The case was completed in less than 75 minutes. Why wait 90 days to get paid? *Subject to credit approval. Minimum monthly payments required. See carecredit.com for details. OPS0115EA

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