Hospital Outpatient Services

Today’s health system administrators are managing all forms of health care delivery—surgery, in-patient and out-patient, trauma, elective—yet it’s hard to be an expert in everything. ASC Strategies can provide the support you need when it comes to managing your outpatient surgery service. Whether it is a health system with multiple locations, a community hospital or a major academic medical center, ASC Strategies has worked in your environment and understands your unique needs.

We have helped hospital administrators around the country develop freestanding ASCs, and operate their HOPD surgical services with an ASC-mindset that leverages cost-effectiveness, efficiency and surgeon satisfaction. We are skilled at involving your medical staff, encouraging them to become vested in your facility’s success, even when they have no financial stake in the business.

Comprehensive Operational Assessments for an HOPD or ASC

  1. Highlight strengths and identifies opportunities
  2. Evaluate entire revenue cycle and business office
  3. Evaluate entire facility operations and the patient/surgeon experience

Development and Oversight of Hospital-Based Surgical Departments

  1. Assist in all aspects of development from concept to center opening
  2. Develop processes and procedures that focus on quality, efficiency, cost effectiveness and surgeon satisfaction
  3. Work with staff to develop a new mindset that emphasizes customer-service and efficiency

Acquisition Assistance

  1. Represent the health system in identifying surgical facilities in their market that could bring value to the organization
  2. Work with health system management to negotiate terms of full or limited purchases of ownership interests in existing surgical facilities in their market
  3. Develop an acquisition/market growth plan related to outpatient surgery services

Benchmarking, Case Profitability, and Financial Analyses of Outpatient Surgical Services

  1. Benchmark and performance measurement analysis
  2. Case cost and case profitability analysis
  3. Measuring your HOPD operations against the freestanding ASC sector

Development of De Novo Surgical Centers and Partnership Syndication

  1. Prepare financial forecasts and proformas
  2. Assist in all aspects of development from concept to center opening
  3. Work with your legal counsel to develop partnership and syndication documents
  4. Develop a partnership structure that is compliant with Federal regulations and serves to maximize returns and relationships
  5. Serve as management’s representative in meetings with investors
  6. Oversee all licensing, accreditation and opening requirements

Operational Oversight

  1. Mentor the management team and set performance goals
  2. Provide direction and guidance to the management team as issues arise
  3. Provide an operational scorecard and performance updates
  4. Make recommendations for improving efficiencies and profitability
  5. Periodic site visits to conduct on-site assessments

CFO Support Services

  1. Annual budget and benchmark preparation for outpatient surgical services
  2. Cost/benefit analysis when considering new procedures, equipment, specialties, payor contracts or surgeons
  3. Monthly performance measurements and comparison to budget and benchmarks
  4. Contract, loan, and lease analysis