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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 2007

What Can Corporate Partners Bring to the OR Table?

When it comes to running the business, corporate partners use their experience to make your center a success.

David J. Abraham, MD

Being good at taking care of patients has nothing to do with being good businessmen. When our group of physicians got together to talk about the idea of opening our own surgical center, we knew we needed help - ASCs are multimillion dollar businesses best left to the experts. Our philosophy: It'd be better to own 70 percent of a very profitable business than 100 percent of a business that tanks.

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Categories: Building/Renovating, Business Management
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The selection process; Making the match; Hitting a plateau; The center's rebirth; The intangibles; Abraham, MD Making; Centers; Concentrating; David Abraham, MD Making; Everyone While; Gina Zotti The; He'd; Keeping; Knowing; MD Making; Medicare-certified). There; ORs; Proven; Revenues; States; United States; Zotti The; accepted; access; achieved; added; additional; agreed; aimed; asked; assigned; attract; average; base; began; benefit; block; bring; bringing; brought; built; business; businesses; buy; calling; capital; care; carve-out; cases; cashing; center; centers; check; checked; checking; checks; clear; cold; colleagues; comfort; comfortable; commercial; company; confidence; constantly; continued; contract; control; convert; corporate; costs; criteria; current; day-to-day; determined; developing; distributions; doc; doctors; dollar; double-digit; doubled; earnings; efficiently; electricity; ensured; entering; enthusiasm; entire; equally; examined; excellent; expanded; expectations; expense; experience; extraordinary; extremely; facility's; favorites; fee; felt; fill; financial; financing; find; finding; fit; focus; forced; gave; general; generally; give; giving; good; great; ground; group; grow; growth; gynecologist; half; hand; higher; hiring; husband-and-wife; idea; identified; improved; including; industry; interest; interested; interviewed; invest; invested; investment; investors; join; keeping; key; knew; laid; large; larger; largest; leadership; leave; led; left; lender; level; licensed; life; likelihood; lining; lists; loan; long-term; longer; looked; lower; majority; make; management; margin; margins; market; means; meant; measurable; momentum; monthly; months; multimillion; names; needed; negotiates; non-recourse; noted; noticing; number; office-based; open; opening; operating; operation; operational; operations; options; orders; original; originally; outweigh; ownership; pain; partner; partner's; partners; partnership; patient; pay; percent; personal; physician-investors; physician-owners; physician-partners; physicians; plastic; pockets; portion; presented; previously; priority; pristine; profit; profitable; profits; project; promised; proof; protected; proved; publicly; purchasing; put; rate; ready; realize; record; recruiting; references; rely; renewed; reputation; retired; return; revenues; risk; rode; run; running; runs; schedule; search; secure; selection; selling; service; set; share; sharing; show; sign; signed; signing; simply; single-specialty; size; small; sold; specialties; spine; spoke; sports; stacked; staff; staffing; standard; standing; started; starting; step; success; successful; successfully; supply; surgeon; surgery; surgical; table; taking; talk; task; team; tempted; terms; thing; thought; time; times; top; track; traded; trouble; two-OR; typically; understanding; unlisted; valuable; valued; weeks; worked; working; worry; worth; writing; year; year-and-a-half; years; yield

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