/_media/adv/web/images/2011/20111124_Arthrex_TB-378x82.jpg

Subscriptions

Advertising

Resources

About Us

Contact Us

Create An Account Forgot Your Password?
Trouble logging in or creating an account? click here
Home This Month E-Weekly Newsletter Building a Facility Article Archive Second Opinions
Search:
Benchmarking
General Surgery
Accrediting/Quality
Anesthesia
Code/Bill/Reimburse
Building/Renovating
/_media/adv/web/images/2011/20111226_Soma_LB-154x100.gif
/_media/adv/web/images/2011/20110502_Provista_LB-154x100.gif
/_media/adv/web/images/2011/20111202_Arthrex_LB-154x100.jpg
/_media/adv/web/images/2011/20111003_Ansell_LB-154x100.gif
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 > January, 2008 Vol. IX, No. 1

Business Advisor

How to Create Your Succession Plan

Stephen Dobias

Creating a successful surgery center requires building a business around an active group of physicians with sufficient caseloads to generate the cash flow necessary to operate the facility and provide a return to the investors. As time passes, however, the mix of cases as well as the physicians who perform those cases will change. For a center to succeed long-term, you'll need some level of planning to ensure that you replace unproductive physicians with new, productive physicians.

Sign in to continue reading.
Email Address:
Password:
Categories: Business Management, Staffing/Training
Keywords:
Who's pumping the brakes?; Create exit scenarios; The danger in failing to plan for succession; Create; Creating; Creative; Depending; Develop; Key; Medicare-approved ASC; Medicare-covered; Research; Review; active; address; affiliated; afford; agreement; agreements; amend; arbitrarily; area; aspect; attributable; back; base; begin; begun; billing; building; business; buy-back; buy/sell; careful; case; caseloads; cases; cash; center; challenge; change; community; competing; concept; conflict; construct; control; costs; covered; create; criterion; danger; database; declines; departure; derived;... show all keywords
Who's pumping the brakes?; Create exit scenarios; The danger in failing to plan for succession; Create; Creating; Creative; Depending; Develop; Key; Medicare-approved ASC; Medicare-covered; Research; Review; active; address; affiliated; afford; agreement; agreements; amend; arbitrarily; area; aspect; attributable; back; base; begin; begun; billing; building; business; buy-back; buy/sell; careful; case; caseloads; cases; cash; center; challenge; change; community; competing; concept; conflict; construct; control; costs; covered; create; criterion; danger; database; declines; departure; derived; determine; develop; direct; discounts; doctor; documents; easiest; easy; economic; effectively; eligibility; enforceable; ensure; examples; exert; existing; exit; expenses; extract; facilitate; facilities; facility; failing; fair; favor; financial; find; fiscal; flow; focus; form; generate; good; group; harbor; healthcare; high; identify; immediately; impact; impacted; include; including; income; incorporate; indirect; interests; invested; investors; issue; lack; large; lawyer; lead; legal; level; list; loses; loss; lower; make; management; managing; market; mature; mechanism; medical; mind; mix; model; multi-specialty; needed; net; non-compete; non-productive; number; offering; one-third; operate; operating; operation; oppose; outpatient; overly; owners; ownership; past; pay; payor; perform; performance; period; physician; physician-investor's; physician-owners; physicians; place; plan; planning; poor; popular; position; potential; practice; prepare; prices; procedures; productive; provide; provisions; pumping; quarterly; rears; recruit; recruitment; recruits; reduce; reduction; remain; remove; replace; requires; reset; restricting; result; retains; retirement; return; revenue; review; risk; run; safe; sake; selling; share; simply; slow; slow-down; source; staff; step; stipulates; succeed; successful; succession; sufficient; supply; surgery; systems; termination; test; time; track; trouble; true; turn; typical; unchanged; understand; units; unproductive; unusual; update; valuations; volume; who've; year

© Copyright Herrin Publishing Partners LP 2011. REPRODUCTION OF THIS COPYRIGHTED CONTENT IS STRICTLY PROHIBITED. We encourage LINKING to this content; view our linking policy here.

PRODUCT & SERVICE RESOURCES
Did You See This?
A showcase of products and services geared to make your facility better.

Architects' Showcase
Is a beautiful, efficient new facility in your future?
/_media/adv/web/images/2012/20120115_Olympus_AR-300x250.jpg
Other Articles That May Interest You
American Medical Association No Fan of ICD-10
Group wants to stop the implementation of new coding system.
CMS Enacting Prepayment Review for Procedures, Equipment
Demonstration program to begin Jan. 1 in selected states.
Watch This: ASC-Produced Videos Promote Patient Safety, Infection Prevention
Educate staff on universal protocol, hand hygiene and more with these online videos.