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Adding Specialities to an Existing ASC

Overview

Deerpath Ambulatory Surgery Center (DASC) is a joint venture ASC between Morris Hospital and Rezin Orthopedic Group located in Morris, IL. The 7,100-square-foot ASC contains two state-of-the-art operating rooms. All surgeons with staff privileges have been carefully credentialed and have privileges at both DASC and Morris Hospital. The Center is state licensed, Medicare approved and AAAHC accredited.

DASC has an enthusiastic staff of highly qualified nurses, techs, and Board-Certified anesthesiologists with extensive background and expertise in outpatient surgery.

DASC was originally a 100% physician-owned specializing in Orthopedics and Podiatry. In 2012, Morris Hospital reached an agreement with the DASC to become a hospital joint venture partner in the ASC. Business remained steady and profitable over the next 5 years and in 2017 there became a need within the community for additional services such as ENT, Ophthalmology, and GI. A major hospital renovation to add these services would have been extremely costly so the decision was made by the DASC board to expand these services within the ASC.

 

HVP Effect

To address the need, DASC Board Executives searched for management professionals with a reputation for effective management and a proven track record for adding new specialties to an ASC. Our company, Healthcare Venture Professionals (HVP), was selected because of our established successes with many other clients and our ability to develop, manage, and grow ASCs efficiently.

 

HVP began managing DASC in April 2018 and immediately went to work on creating a strategy to grow DASC. “In order to add specialties to an ASC, we want the right team with the right attitude.” said Chuck Owen, managing partner of HVP. “We focused on streamlining internal processes and re-shaping the management team to become more efficient and effective.”

With a streamlined ASC in full operation, HVP quickly turned its focus towards attracting new physicians to DASC with the help of Morris Hospital and Rezin Orthopedics.

 Current State Results

In less than one year, DASC started offering Ophthalmology (July) and GI (August). ENT is slated to come on board before the end of 2018 with Urology and General Surgery following in early to mid-2019.

In addition to the new specialties, HVP played an integral part in a space redesign to help streamline the OR rooms to accommodate multiple specialties in a single day.

For more information about HVP’s physician-hospital joint-venture capabilities, call 615-400-4851.


Joint Venture ASC

At Healthcare Venture Professionals, our core business is the development and long-term management of ASC’s. Within this core business is a strong emphasis, history and commitment to the collaborative or Joint Venture (JV) approach to ASC’s owned by Physicians and Hospitals together.

While professional management of ASC’s entails similar practices regardless of ownership agreements, the ability to deal with the special aspects of joint venture or JV in a Physician / Hospital ownership model separates HVP from others in the field. HVP senior leaders have served as Hospital CEO’s and in senior multi-hospital system positions. In these capacities, we’ve successfully worked with literally thousands of Physicians all over the U.S. Sure, we understand the ASC from an operational perspective but, more importantly, we personally understand the professional challenges and pressures being faced by Hospitals and Physicians outside the ASC arena. It’s not something we’ve heard about-it’s something we’ve lived!

Inquire about a feasibility study or an analysis of your hospital joint venture.

Check out other ASC management companies. See how many of their executives have the unique advantage of having “sat in the chair”. We at HVP have managed Hospitals and dealt with hundreds of Medical Staffs. There’s no substitute for this type of experience when dealing with the complexities of joint ownership (partnership) of an ASC. Because we understand Hospitals and Physicians from a “real world” perspective, we’ll help you solve existing problems vs. creating more of them for you as ASC Owners.

Visit our ASC ownership models page for more information about hospital/physician owned arrangements, HOPDs, and more.

Of course, we also bring a proven track record of successful consulting, development and management of ASC’s. From working with the contract and terms of the agreement to operations, HVP is your source for ASC consulting. With HVP, you’ll get the benefit of this in depth JV ASC experience and expertise. You’ll also get the added value of dealing directly with seasoned executives who have a broad perspective related to all aspects of the healthcare delivery system. We know Hospitals. We know Physicians. We know ASC’s.

To learn more about HVP, its management capabilities and its senior executives, contact our ASC team. Or call and speak with one of our Principals at 615-400-4851 for more information.


ASC Management

Healthcare Venture Professionals is a great source for either long-term management or interim / turnaround management for your Ambulatory Surgery Center (ASC). Our ability to provide you strong and stable on-site leadership can be of tremendous value if your existing ASC is going through a leadership transition or if you’re planning a new Surgery Center.

HVP attracts experienced ASC Executives for you to consider. We then provide your choice of Executives with ongoing direct guidance and support using the full gamut of HVP consultative resources for Surgery Centers.

HVP routinely provides all types of professional services to Surgery Centers ranging from month-end financials to payer negotiations. If it’s ongoing management your need, HVP has the time and talent necessary to assist you in optimizing the performance of your ASC. We specialize in joint ventured ASC and HVP knows how to prevent or deal with problems your ASC may be facing. Of greater importance, as your manager we can use the expertise and experience of HVP to identify opportunities for your ASC to further grow and prosper.

There’s another important consideration when you look at professional ASC management. Unlike most other Companies, we don’t require an equity stake in your ASC unless you decide that you’d like HVP to participate in such ownership. This important choice is yours. In either case, a relationship with HVP will result in the finest professional leadership for your ASC.

Take a look at the “Client Testimonials” on our website at www.hvpros.com. You’ll see our Clients attest to the quality of ongoing management and support services we’ve provided to them. Or, give us a call at 615-400-4851. We’d enjoy an opportunity to talk with you directly about the numerous ways that HVP can be of assistance to you and your ASC.


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