Making Outpatient Surgical Centers More Profitable ability to successfully nego...
About the National Healthcare CXO Summit Spring 2013 The marcus evans Summits ...
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Making Outpatient Surgical Centers More Profitable - Kenneth I. Arvin, Ambulatory Services, Sheridan Healthcare

Patrick Solomon, Executive Vice President and Chief Development Officer of Sheridan Healthcare, Inc. and Kenneth I. Arvin, Esq., Co-Founder & Chief Financial Officer of Global Surgical Partners, Inc. and Vice President of Ambulatory Services of Sheridan Healthcare, Inc. are solution providers at the marcus evans National Healthcare CXO Summit Spring 2013. Here Arvin discusses strategies for running outpatient surgical centers. Interview with: Kenneth I. Arvin, Esq., Co-Founder & Chief Financial Officer, Global Surgical Partners, Inc. and Vice President, Ambulatory Services, Sheridan Healthcare
Published on: Mar 3, 2016
Published in: Business      

Transcripts - Making Outpatient Surgical Centers More Profitable - Kenneth I. Arvin, Ambulatory Services, Sheridan Healthcare

  • 1. Making Outpatient Surgical Centers More Profitable ability to successfully negotiate these hospital or alternative setting. This same payment rates. As a result, they additional contact provides a patient must operate their business in a more with a more relaxed and informed view efficient manner or partner with an of their upcoming surgery. Additionally, entity that has the ability to command the total out-of-pocket costs incurred by better reimbursement rates. a patient at a hospital versus an ASC setting are sometimes staggering. What kind of structure would help them be more profitable? What an ASC may accomplish depends on its geographical area, payor mix and partner makeup. A physician owned,Interview with: Kenneth I. Arvin, independent ASC can partner with aEsq., Co-Founder & Chief Financial local health system or other companyOfficer, Global Surgical Partners, that has the ability to bring rate “lift” toInc. and Vice President, Ambulatory the ASC. Almost all ASCs have theServices, Sheridan Healthcare ability to obtain the management Outpatient expertise necessary to truly understand the intricacies of their business;Ambulatory surgical centers (ASCs) are however, the solutions that differentthe least costly and most efficient management companies can provide are facilitiesfacilities for the performance of diverse.outpatient surgery, but they are only assuccessful as their hospital and/or Additionally, an ASC’s anesthesiaphysician partners and the management provider is critically important to itsthat operates these facilities, according overall efficiency and profitability. It isto Kenneth I. Arvin, Esq. Co-Founder &Chief Financial Officer, Global SurgicalPartners, Inc. and Vice President of important not to underestimate the impact that the anesthesia providers have on the ASC and the physician’s need toAmbulatory Services, Sheridan ability to deliver outpatient surgery in a have aHealthcare. The biggest challenges patient friendly, cost efficient manner.facing ASCs today are managing their Our focus in Sheridan’s ambulatorypartners’ expectations and relationships surgery division is to provide theseand third party reimbursement, he solutions to the facilities we contractwent on to say. with, own or operate.A solution provider at the marcusevans National Healthcare CXO How are outpatient centers more patient-focused? local focusSummit Spring 2013, in Palm Beach,Florida, April 15-17, Arvin points out An ASC is probably one of, if not thethat management expertise is required most, patient-focused environment thatto make outpatient surgeries more delivers healthcare. From a scheduling,profitable and efficient in a changing cost, and efficiency perspective, ASCshealthcare landscape. provide patients with a simple, easy and transparent world that is a welcomeHow could outpatient facilities change in today’s healthcare environ-maximize reimbursement? ment.A significant challenge for ASCs is the Since ASCs are considered an extensiondownward pressure on reimbursement of a physician’s office, a patient’sfrom third party payors. While various physician and his/her office personnel,entities are able to command higher the anesthesia provider, and the ASC’spayments because of their sheer size clinical and administrative staff haveand negotiating ability, most ASCs are significantly more contact with a patientsmall independent entities that lack the prior to and during surgery than in a
  • 2. About the National Healthcare CXO Summit Spring 2013 The marcus evans Summits This unique forum will take place at The Ritz-Carlton, Palm Beach, Florida, April groups deliver peer-to-peer 15-17, 2013. Offering much more than any conference, exhibition or trade show, information on strategic matters, this exclusive meeting will bring together esteemed industry thought leaders and professional trends and solution providers to a highly focused and interactive networking event. The breakthrough innovations. Summit includes presentations on physician integration and alignment, healthcare reform, cost management solutions and patient satisfaction. Please note that the Summit is a Contact closed business event and the number of participants strictly Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits limited. Division Tel: + 357 22 849 313 Email: For more information please send an email to All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to press@marcusevanscy.comAbout Global Surgical PartnersGlobal Surgical Partners, Inc. develops and manages ambulatory surgical centers on behalf of hospitals and physicians. Global’sprincipals have over fifty years of healthcare business and legal expertise to help hospitals and physician partners succeed. In2010, Global was acquired by an affiliate of Sheridan Healthcorp. This acquisition gave Global the unique ability to also provideanesthesia solutions to ASCs.www.globalsurgicalpartners.comAbout marcus evans Summitsmarcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discussstrategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity toindividually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings.For more information, please visit: www.marcusevans.comUpcoming EventsLong-Term Care CXO Summit - www.longtermcaresummit.comNational Healthcare CNO Summit - www.nhcnosummit.comNational Healthcare CFO Summit - www.nhcfosummit.comTo view the web version, please click here:

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