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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 > February, 2005 Vol. VI, No. 2

Rescued by a Corporate Partner

This failing surgery center was out of options until a management firm led a facility-saving turnaround.

Camie Overton, BA, CASC, Phoenix, Ariz.

Sell it or close it. That's what I said to the hospital CFO who came to find out why my facility, Metro Surgery Center in Phoenix, Ariz., was hemorrhaging money. The hospital wasn't interested in syndicating the surgery center and within a matter of months, it took my advice, selling us to an ASC management firm specializing in turning around troubled centers.

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Categories: Business Management, Professional Services
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Beginning of the end; Turnaround Tips; Spending money to make money; Payer contracts; The numbers game; Stronger than ever; Thomas Mallon; Gregg Stanley; Jon Vick; Brent Lambert; Caryl Serbin, RN, BSN, LHRM; Dawn McLane-Kinzie; ARC Analyze Case Costs Look; ASC; ASC Equity; America; BSN, LHRM Surgery Consultants; Billing Start; Billing, Collecting Doing; CFO; CPT; Call; Case Costs Look; Center; Center Billing Start; Checkup Take; Clear; Collecting Doing; Compiled; Consultants; Cook Hold Ground; Costs Look; Daniel Cook Hold Ground; December; Equipment; Equity; Financial Checkup Take; Ground; Hea... show all keywords
Beginning of the end; Turnaround Tips; Spending money to make money; Payer contracts; The numbers game; Stronger than ever; Thomas Mallon; Gregg Stanley; Jon Vick; Brent Lambert; Caryl Serbin, RN, BSN, LHRM; Dawn McLane-Kinzie; ARC Analyze Case Costs Look; ASC; ASC Equity; America; BSN, LHRM Surgery Consultants; Billing Start; Billing, Collecting Doing; CFO; CPT; Call; Case Costs Look; Center; Center Billing Start; Checkup Take; Clear; Collecting Doing; Compiled; Consultants; Cook Hold Ground; Costs Look; Daniel Cook Hold Ground; December; Equipment; Equity; Financial Checkup Take; Ground; Health Grain; Healthcare The; Inc. Compress Staff, Schedule Facilities; June; LHRM Surgery Consultants; Lambert ASCOA A Monthly Financial Checkup Take; MDs. Small; Mallon Regent Surgical Health Grain; McLane-Kinzie Aspen Healthcare The; Medicare; Metro; Metro Surgery Center; Monthly Financial Checkup Take; ORs; PACU; Part-time; Payers; RN, BSN, LHRM Surgery Consultants; Salt Don't; Schedule Facilities; Sell; Serbin, RN, BSN, LHRM Surgery Consultants; Small; Staff, Schedule Facilities; Stanley Symbion ARC Analyze Case Costs Look; Surgeons; Surgery Center; Surgery Center Billing Start; Surgical Health Grain; Surgis; Tips We; Vick ASCs, Inc. Compress Staff, Schedule Facilities; Web; accessible; account; accounted; accounts; accurate; accurately; acquiring; actual; adding; administrators; advice; advisory; afraid; amount; analysis; analyze; arthroscopy; asked; assuring; attempt; attention; attracts; average; averaging; avoid; aware; back; back-to-back; backing; basis; beds; began; benchmark; benefits; bill; billing; block; board; break; bring; broken; budget; build; business; call; canceling; cancelled; case; caseload; cases; cash; center; change; clinical; close; clue; coding; coin; collected; collecting; collection; completed; comprehensive; conducive; contract; conversation; corporate; corps; corral; cost; cost-case; costs; count; cut; data; date; days; departing; determine; developed; devoted; difficult; direction; discover; discussed; disenchanted; dollars; door; double; downtown; dropped; dropping; eBay; easily; efficient; eliminates; employee; empty; end; engaged; essentially; established; establishment; estimated; exact; excess; exercise; expect; expected; expense; experience; experts; eye; facilities; facility; factors; fall; fee; feet; felt; fewer; finances; financial; find; findings; firm; flip; fluctuation; focused; footprint; forecasted; fortunes; found; foundation; front; front-end; frozen; frustrated; gave; give; good; governing; group; half; handful; handle; hands-on; hard; helped; hemorrhaging; home; hospital; hospital-owned; hours; hugely; hundreds; imagined; immediately; impartial; implant; improve; included; increase; increasing; incredibly; indicator; information; input; install; interest; interested; invaluable; inventory; investors; invoices; key; kind; knew; lack; lagging; large; lead; learning; left; legitimacy; leverage; life; livelihood; local; longer; loyal; major; make; making; management; matter; measure; medical; men; miracle; module; money; month; month-to-month; monthly; months; motivation; moved; multi-specialty; needed; net; network; notorious; number; offering; office; older; online; opened; operating; ophthalmologists; opportunity; outlined; overestimate; owners; ownership; part-time; partner; past; patient; payer; payroll; percent; percentage; perform; performance; performed; performing; physician; physician-owners; physicians; pick; place; plug; policies; potential; powerful; powerless; pre-op; presence; present; previous; problems; procedure; process; producing; product; profitable; profits; promises; provide; pull; purchased; purely; quasi; raiders; rally; rate; reaching; realized; receipts; red; reimbursed; reimbursements; renegotiated; reported; reports; reps; require; rescue; resources; resyndicate; revenue; road; schedule; sell; selling; send; serves; service; set; shares; show; shutting; sister; sit; site; space; specializing; spend; square; staff; stand; start; stipulated; strong; success; successful; sucked; suddenly; suits; supplies; supply; supply-tracking; surgeon; surgeon-investors; surgeons; surgery; syndicated; syndicating; syndication; system; takers; talk; team; things; third-party; threaten; time; tiring; tool; top; total; tough; toys; track; transcription; troubled; turnaround; turned; turning; types; vacation; valuable; vendor; verifying; volume; walls; wanted; ways; week; widgets; women; work; working; worth; years

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