Eyeing the Financial Landscape: ASC Finance Experts Offer Advice on Economy

If the worst economic outlooks prove accurate, some industries do not have a lot to look forward to in 2008 and possibly 2009. Even if this pessimism is unjustified, tightening belts and getting creative with capital is still advisable.

A lot is subject to change depending on what occurs with the federal budget and Medicare, says Scott Shapiro, senior vice president of Warren Capital Corporation. “With that being said, we have felt that ASCs (ambulatory surgery centers) are somewhat recession-proof because people will always be getting sick and the number of cases that can be performed on an outpatient basis continues to expand. Not to mention that ASCs bring a lower cost of care to the table than traditional counterparts.”

Indeed, there are still good business possibilities, says M.J. Klimas, national healthcare sales manager for Banc of America Leasing.

“Times of uncertainty create opportunities,” Klimas says. “Developers who do their homework should get financing for well-thought-out projects. Appropriate scrutiny will continue to be placed on the business plan, the referring physicians and the experience of the developer. Bank of America continues to underwrite and fund high quality ASCs in 2008.”

The Economy at Large

It can be tough to keep paranoia at bay amidst pervasive talk of recession. It’s difficult to even watch television without becoming convinced that we are on the verge of an economic meltdown, says Jeff Fox, vice president of hospitals, surgery and dialysis at MarCap Corporation.

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