The latest in GI news and information.
The latest in GI news and information.
As private equity sets its sight on GI practices, is this funding option right for you? Generally speaking, the objective of a private equity firm, in its efforts to make money for its investors, is to outpace the market.
To do so, firms look for strategic market areas that present unique opportunities, such as those experiencing significant pricing changes and new technology developments.
Read on to learn if Private Equity is right for you.Read More
Payment card industry (PCI) compliance is an area often overlooked by ASCs-and many other small businesses, for that matter. The PCI Data Security Standard is a set of regulations put forth by the credit card companies to offer a level of security to consumers who use credit cards for transactions in any business, including healthcare organizations.
ASCs looking for worthwhile goals for 2018 can’t go wrong with working to improve physician relationships. In fact, there are probably few other ways to more effectively bring about organization-wide improvements. When an ASC’s relationship with physicians is strengthened, the center can see substantial boosts in its clinical and financial performance.
These benefits can be witnessed in work with ASCs and with ASC management and development companies. Here are some observations of those benefits, along with guidance on how you can improve your ASC’s physician relationships.Read More
Physicians are experts at patient care, but their medical training doesn’t include the financial aspects of running a profitable clinic. Even with excellent outcomes and above average patient satisfaction, the bottom line can be flat or even follow a discouraging downward trend.
The eight physician owners at Atlantic Gastro Surgicenter, LLC, better known as ACCESS, felt that their ASC could be doing better and took steps to make that happen.Read More
As president of PE Gastro, a new division of Physicians Endoscopy, I have the opportunity to work with a team of healthcare management professionals focused on the administrative side of private practice gastroenterology.
My 20-plus years in the GI space has provided a unique opportunity to partner with many leading gastroenterologists and witness first hand about what has made their respective groups thrive in this ever-changing healthcare environment.Read More
The strategies for winning in sports are the same for business — or in this case, a successful accreditation survey. In both business and sports, you must know the rules, create a game plan, and bring in a strong leadership team.
Helen Lowenwirth, MBA, CASC, administrator at East Side Endoscopy & Pain Management Center (ESNY) in Manhattan, New York, scored big on her most recent surprise CMS (Centers for Medicare & Medicaid Services) accreditation survey. She and her Physicians Endoscopy (PE) team share some of their secrets for survey success.Read More
One of the most impactful things an ambulatory surgery center (ASC) can do to continue to grow and develop the center is to bring in new physician partners through the sale of equity. In addition to the numerous business, operational and interpersonal considerations involved with identifying appropriate physician partners and selling shares to such partners, there are a variety of key legal considerations that any ASC should also keep in mind.
This article addresses such considerations, including federal and state anti-kickback laws, state and federal securities laws and other legal considerations.
The government has been aggressively pursuing enforcement actions against health care providers, including providers in the ASC industry.
Learn whether it is still possible to profit from anesthesia in an ASC, and if so how it should be structured to be most advantageous.Read More
When building a new endoscopy center, there are many important components that need to be addressed.
Learn how to keep a facility open on time and be ready to provide care to patients. One of the more critical components-and one that can easily move down the list of priorities is information technology (IT).Read More
Healthcare fraud is rampant. Involving $60 billion per year for Medicare and Medicaid.
Learn the three major statutes utilized by the government for alleged healthcare fraud protection as described by Richard E. Moses, DO, JD and D. Scott Jones, CHC.
Learn how to protect yourself from inadvertently falling into violation.Read More