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Down on the Farm The Attack on Physician Ownership
“How you going to keep them down on the farm, after they've seen Paree,How you going to keep them away from Broadway, jazzing around, painting the town,How you going to keep them away from harm, that's a mystery,They'd wish they'd never seen a rake or plow, so who the heck can parlez-vous a cow,How you gonna keep them down on ...(More)
5/1/2008 5:14:00 AM
Physicians Endoscopy Acquired by Silver Oak
CHARLOTTE, N.C. — Edgeview Partners, a CIT company, announces that Physicians Endoscopy, LLC, a developer of ambulatory surgery centers (ASCs), was acquired by Evanston, Ill.-based Silver Oak Services Partners. Edgeview Partners was retained by Physicians Endoscopy and Navigation Capital Partners to serve as the exclusive financial advisor. Financial terms were not disclosed.“We are excited about the outcome of this process ...(More)
4/28/2008 2:13:32 PM
Darwin Announces 1st Q '08
FARMINGTON, Conn. — Darwin Professional Underwriters, Inc. announced its financial results for the first quarter ended March 31. Highlights include:-- Gross premiums written for the first quarter are $80.0 million. First quarter gross premiums written are 7.8 percent ahead of our gross premiums for the same period a year ago. Net premiums written for the quarter of $58.0 million are ...(More)
4/28/2008 2:12:27 PM
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 ...(More)
4/3/2008 9:36:21 AM
Stereotactic Radiosurgery
The incidence of cancer continues to rise in the United States. According to the American Cancer Society, approximately 1,444,000 new cancer cases were diagnosed in 2007. Fortunately, technology also continues to advance, yielding new treatments for cancer patients in an outpatient setting.One major area of emerging cancer care technology is the rapid advancement in stereotactic radio-surgery and stereotactic radiation therapy ...(More)
4/3/2008 8:09:00 AM
Daily Ways to Save Money Abound at ASCs
Sage AdviceAn overall financial plan is vital, but is impotent without the day-to-day operational efficiencies that can make or break any business, including ambulatory surgery centers (ASCs). In the end, the little things really do matter.Some steps that ASC owners or administrators can take to keep costs down include offering flexible staffing hours to meet scheduling needs without incurring overtime, ...(More)
4/1/2008 10:40:00 AM
A/R Harmful to Health of ASC Business
Practicing healthcare is a service, but running an ambulatory surgical center (ASC) is a business. With current reimbursement and self-pay conditions, more patients are overwhelmed with higher out-of-pocket costs than ever before. ASCs that provide financing options make it easier for patients to fit procedure costs into their monthly budget. A recent survey conducted by Inquire Market Research revealed that ...(More)
4/1/2008 10:40:00 AM
Solutions in Technology
Health information technology (IT) allows comprehensive management of medical information and, according to the Nationwide Health Information Network (NHIN), it is the perfect platform for the secure exchange of information between healthcare consumers and providers.It is no secret that the use of IT in healthcare can improve healthcare quality, help to prevent medical errors, help in reduction of healthcare costs, ...(More)
4/1/2008 10:40:00 AM
Keys to Building a Business-Oriented ASC
Effective scheduling of the qualified clinicians — so essential to our industry — is key to running a business-oriented ASC.Operating a successful ambulatory surgery center (ASC) in today’s competitive environment requires much more than providing great service. High quality of care is the fundamental requirement that earns an ASC the right to open its doors, but the most successful ASC ...(More)
4/1/2008 10:40:00 AM
Business Efficiencies: Part I
The San Antonio Spurs had more to celebrate in the spring of 2007 than an NBA Championship. The state-of-the-art Center for Special Surgery at Texas Center for Athletes arrived at the doorstep of the Spurs training facility that March.For 10 years, the physician partners had served at the surgery center under a previous general management partner. In recent years, the ...(More)
3/1/2008 12:15:00 AM
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