Becker's ASC
How ASCs hold onto autonomy, success in large markets. Francesca Mathewes - Friday, November 8th, 2024. While ASCs remain largely independent, consolidation is on the rise as the industry's largest chains continue to expand, leaving the state of practice independence in flux.
Fueling growth or losing control? The private equity dilemma for …
Oct 9, 2024 — Despite recent declines in activity, private equity interest in the ASC space has been high over the last several years, with 95 outpatient-specific deals in 2023 alone.. The reception of PE investment within the ASC space is mixed, as leaders balance the need for capital and operational support amid inflationary pressures with physician autonomy and concerns about access and quality of care.
5 strategic health system-ASC chain JVs
Oct 10, 2024 — Here are five of the major joint ventures announced between health systems and ASC companies in 2024 so far: Bon Secours Mercy Health and Compass Surgical Partners. Cincinnati-based Bon Secour Mercy Health System, a 48-hospital Catholic system, has teamed up with Raleigh, N.C-based Compass Surgical Partners to build out more than 30 ASCs.
10 vital lessons from ASC, physician leaders
Oct 10, 2024 — Fifty-six ASC leaders shared the most important things they've learned during their leadership tenures with Becker's on Oct. 2. Here are 10 takeaways from their insights: 1. Collaboration is vital. Firas Abdul, MD, director of anesthesiology at Orlando (Fla.) Health Jewett Orthopedic Institute, told Becker's that collaboration and relationship ...
Indiana physician awarded $2M lawsuit against Ascension
Oct 7, 2024 — A Hamilton County (Ind.) jury awarded a Carmel physician $2.05 million after determining that Indianapolis-based Ascension St. Vincent Medical Group had improperly fired him, Indianapolis Business Journal reported Oct. 7. Timothy Story, MD, had claimed that Ascension fired him in 2020 after learning about an alleged federal investigation into his prescribing practices.
Physician owner and eye practice chain to pay $460K to settle false ...
Jul 30, 2024 — Physician owner and eye practice chain to pay $460K to settle false claims allegations. Gregory Scimeca, MD, and Burlington County Eye Physicians, agreed to pay $469,232 to resolve federal allegations of false claims submissions and receiving kickbacks. Dr. Scimeca is the owner of the practice, which operates in New Jersey and Pennsylvania.
4 notable Tenet moves for ASC leaders to know
Sep 6, 2024 — Print. Email. Here are four notable Tenet updates Becker's has reported on since July 25: 1. Dallas-based Tenet Healthcare's CEO, Saum Sutaria, MD, sold more than 100,000 shares of his stock in the company Aug. 14 and 15. The transactions totaled more than $15 million. 2. Tenet Healthcare is turning its focus to ASCs as it rapidly sells hospitals.
Entrepreneurial cardiologist Dr. Richard Heuser dies at 73
Jun 4, 2024 — Cardiologist Richard Heuser, MD, who sold his medical device company PQ Bypass for $300 million in 2021, died in May 2023 at age 73, according to a report from the Phoenix Business Journal. Dr. Heuser died while on an Alaskan cruise with his family after going into cardiac arrest. Irvine, Calif.-based Endologix, which bought his device company ...
OptumCare to conduct layoffs - beckersasc.com
Sep 19, 2024 — OptumCare to conduct layoffs. OptumCare, based in Basking Ridge, N.J., is set to lay off 160 employees, according to a WARN notice posted on the New Jersey Department of Labor and Workforce Development website. The layoffs are scheduled to occur in two waves: Dec. 11 and Jan. 22. "We continually review the capabilities and services we offer to ...
99 ASC benchmarks to know | 2021 - Becker's ASC
Sep 13, 2021 — Quality benchmarks. The following data is based on the "ASC Quality Collaboration Quality Report" from the first quarter of 2021. The data was collected Jan. 1, 2021, through March 30, 2021. Patient fall rate per 1,000 ASC admissions: 0.2. Patient burn rate per 1,000 ASC admissions: 0.014.