ASC related topics for surgery centers
Ambulatory surgery centers or ASC’s are ideal Physician Hospital Joint Ventures (JV). Such ASC’s can be beneficial to both parties from a business perspective and can serve as a foundation for other subsequent efforts aimed at Physician Hospital collaboration.
Of equal or greater importance, Patients and the Community served tend to place tremendous value upon such facilities. They certainly enjoy the convenience and modern setting and equipment. They also like the fact that the local Hospital and its Doctors are partnering to bring such a facility to them. The impression (or image) that the Community has of the ASC partners can be greatly enhanced as a result of the facility. All in all, Patient and their Families usually express higher levels of satisfaction with the services provided in the new ASC setting.
In many markets, an ASC JV is a logical first choice when the Hospital has decided it would like to more-formally collaborate with members of its Medical Staff. A significant amount (up to 80% or more in some locations) of surgery being performed is now outpatient or ambulatory in nature. A mechanism to meet this growing trend in an improved fashion makes perfect business sense. It should also lead to expanded market shares of outpatient surgery for both the Hospital and involved Surgeons.
From a legal and regulatory point of view, the required path to follow in developing a Joint Venture ASC is well delineated. There are Companies, Legal Counsel, Architects, Equipment Planners and other professionals who have in-depth experience and expertise specific to the JV ASC model.
HVP itself specializes in both ASC’s and in the JV ASC ownership approach. Give us a call at 615-457-1848 so that we can talk personally with you about the JV ASC approach and how HVP can be of assistance to you. You can also learn more about our philosophy and experience in the ASC JV arena by visiting our website at www.hvpros.com.
