Increasing Prevalence of Surgeries Performed in an ASC Setting
It is increasingly common to hear the term (“ASC”), or ambulatory surgery center, in discussions among investors in the healthcare industry. ASCs, often owned by the physicians who practice in them, can provide a cost-effective alternative to care delivery in a hospital setting, drive better patient outcomes, and allow physician owners to capture more of the economics associated with the delivery of patient care.
In the U.S., there are approximately 6,000 ASCs and most specialties have looked at porting procedures to an ASC setting at some point.
However, the treatment of patients in ASCs naturally aligns with some medical specialties more than others. Notably, procedural and technology advances over the last 20-30 years have made it possible to perform surgeries in an ASC, which had previously only been performed in a hospital. One example is total hip and total knee replacements. Another is complex spinal procedures, which have only become a viable option in the last five years.
In next week’s blog, we’ll look at specialties that are well positioned to transition some patient cases to an ASC setting, and what factors, including reimbursement decisions, patient outcomes, and technology are a fit with ASCs, so stay tuned!
We’re here to help
Partnering with specialty physician practices as they evaluate strategic alternatives for their businesses represents a significant portion of our work in the healthcare space. As ahealthcare investment bank, MHT is extraordinarily active in the market, recently completing anesthesiology, dermatology, hospitalist and emergency physician deals. We would love to be a resource for you as you consider the rapidly evolving healthcare landscape and the implications for your practice.
Sources: CMS, Becker’s Hospital Review