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Outpatient Surgery E-Weekly

Contact Congress Over Drug Shortage Issues

A Kentucky congressman is urging surgical facilities to contact their members of Congress and request that they sign his letter demanding changes to...

N.J. Posts ASC Inspection Reports Online

State and federal inspection reports of New Jersey's ASCs are now available online, giving patients an opportunity to make more informed choices abo...

Are Opioids Necessary?

While it's not always practical, or even possible, to eliminate opioids from your post-op pain management regiment, reducing their use in favor of n...

Archive >  Surgical Construction 2003

How We Became Our Own Landlords

Patience and careful planning were the keys to this orthopedics group's success in controlling its own new location.

Steve Scheffel

CINCINNATI, OHIO - When we at Beacon Orthopedics weighed our options for building a new facility, we ultimately decided that purchasing land and owning the improvements was better than signing a long-term lease with a developer or partnering with a hospital. This was the best means of building the facility we needed and controlling the group's future. As the business administrator, I can tell you that from this process, we learned that doing your homework early and taking your time in the planning phases makes it infinitely easier to handle the execution of the plan later. Here's how we put the deal together.

Draw strength in unity
Formed in 1996, Beacon Orthopedics consists of 11 physicians, 8 of whom are shareholders. The practice is best known for sports medicine (our group includes the team physicians for the Cincinnati Reds and Xavier University) and has a very strong general orthopedic reputation as well. Beacon currently has 10 locations and sees about 61,000 patients each year.

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