Top 5 Reasons to Select an ASC Corporate Partner
February 2, 2010
by Kenneth Hancock
Categories
Surgery Centers
1. Realize a return on investment - By adding a corporate management partner, physicians can unlock the value of their ASC and reap the rewards of the hard work and dedication put into building a successful business. A liquidity event gives physicians upfront cash in exchange for future distributions. Based on a number of criterion such as competition, reimbursement environment, partnership profile, and growth prospects, an ASC will be valuated at a multiple of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization).
2. Decrease liability and risk - Whether the corporate partner owns a minority or majority stake in the ASC, physician partners lessen their exposure to a number of risks, including debt and potential legislative changes that could affect the value of the business.
3. Reduce administrative burden - A trusted corporate management partner focuses on day-to-day operations, working closely with facility staff to ensure the business runs smoothly. This allows physicians to focus solely on what they care about and enjoy the most - patient care and outcomes.
4. Maximize case volume - A seasoned ASC partner combines their experience, industry relationships, and proven practices to increase case volume. One important way to impact this is through physician recruitment. Concurrently, the management partner works to streamline operations, improving all aspects such as scheduling, staffing, and supplies management. These enhancements result in increased efficiencies that allow existing physician partners and utilizers to perform more cases in less time at the facility.
5. Improve quality of life - For the reasons listed above, physicians who make the decision to add an ASC corporate management partner, quickly find their work/life balance improves dramatically. Physicians not only gain time, they also increase their future revenue potential.
To learn more, visit our ASC Partnerships page at:
http://www.meridiansurgicalpartners.com/partnerships