Joint Ventures Preferred Structure for ASCs, Survey Reveals
FOR IMMEDIATE RELEASE
[AUSTIN, TEXAS September 18, 2018] Hospitals and health systems are investing heavily in ambulatory surgery centers (ASCs) as an integral part of their outpatient surgical strategy, according to a national survey of senior executives and clinical leaders at health systems and hospitals.
The survey, sponsored by Avanza Healthcare Strategies and Clark Hill Strasburger and conducted by HealthLeaders Media, found 41% of organizations own or are affiliated with a freestanding ASC, and two-thirds of those are joint ventures with physicians. According to respondents, the business case for ASC investments is clear: greater market share, lower costs, improved physician engagement and more satisfied patients.
The survey explores recent hospital-ASC trends, revealing key investment and partnership strategies. HealthLeaders Media polled 109 senior executives and clinical leaders at health systems and hospitals across the United States and found that 93 percent of those that own or affiliate with an ASC operate one to four surgery centers. Additionally, nearly half (48%) of respondents anticipate making additional ASC investments/affiliations in the coming years.
The data also show less than half (44%) of hospitals and health systems partner with third-party management companies, which often require an equity stake and long-term contracts. According to Joan Dentler, president and CEO of Avanza, “A sharp rise in hospitals and health systems seeking to invest in outpatient surgery centers underscores the need for careful planning and expertise in an increasingly competitive space, but providers do not need to give up a share of their business to obtain the help they need. Less costly and more flexible options are available.”
Download the complete report at AvanzaStrategies.com.
About Avanza Healthcare Strategies
For more than 20 years, Avanza Healthcare Strategies has been a strategic leader in the migration of surgery from hospitals to ambulatory surgery centers. Avanza has helped ASCs, hospitals and health systems in more than 40 states plan for and open surgery centers, develop joint ventures and assess operations of existing ASCs and hospital outpatient surgical departments. Learn more about Avanza at AvanzaStrategies.com.
About Clark Hill | Strasburger
Created in April 2018 by a combination between Clark Hill and Strasburger & Price and spanning a collective 128-year history, Clark Hill | Strasburger is a multidisciplinary, international law firm that draws on its attorneys’ comprehensive industry and policy knowledge to provide innovative legal solutions and client-service excellence. CHS has over 600 attorneys and professionals in 25 offices across the United States. The CHS Healthcare Law team provides legal services in nearly every sector of the healthcare industry with one primary goal in mind: positioning clients to withstand market changes and achieve long-term success. Learn more about Clark Hill | Strasburger at clarkhill.com.
For More Information:
Media Contact: Robert Kurtz
Phone: 781.605.1837
Email: [email protected]
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