UnitedHealth Group made three long-term commitments as part of its sustainability efforts, including pushing more surgeries to ASCs, according to a June 15 company report. UnitedHealth Group aims to have more than 55 percent of its members’ outpatient surgeries and radiology services delivered at high quality, cost-efficient sites of care by 2030, which often means directing patients to ASCs. In 2019, the company reported 47 percent of outpatient surgeries and radiology services were performed at high quality, cost-effective settings.
Sunvera Group (“Sunvera”), a management services organization providing support services to ophthalmology practices across multiple subspecialties as well as ophthalmic-focused ambulatory surgery centers, announced a new partnership with TruVista Surgery Center, growing its network of progressive organizations providing the highest level of specialty eye care. Headquartered in Troy, Michigan, TruVista Surgery Center was founded and developed by leading ophthalmologists in the Detroit metropolitan area to deliver high-quality, cost-effective and convenient surgical eye care to patients. Sunvera is a portfolio company of Ridgemont Equity Partners.
Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support the acquisition of Summit Spine & Joint Centers (“Summit” or the “Company”) by MSouth Equity Partners (“MSouth”), an Atlanta-based private equity firm. Based in Lawrenceville, GA, Summit is an operator of ambulatory surgery centers and pain management clinics in the greater Atlanta area. Summit provides interventional pain management treatment to patients who suffer from chronic pain symptoms.
AdventHealth’s West Florida Division and United Surgical Partners International (USPI) announced Wednesday the recent acquisition of Tampa Outpatient Surgical Center through a newly established joint venture. As a result of the acquisition, which was completed in January 2021, the center is now owned and operated by AdventHealth Surgery Center Wellswood, LLC (“Wellswood”). The center offers a range of surgical services across many specialties including orthopedics, gastroenterology, otolaryngology, general surgery, pain management, spine, ophthalmology, urology as well as plastic surgery and cosmetic care.
Columbus Community Hospital has added Columbus Surgery Center to its family of health care facilities. Columbus Surgery Center, located at 3772 43rd Ave. Suite B, features state-of-the-art equipment for ophthalmology, pain and endoscopy procedures. It has been serving people in Columbus and surrounding areas since 2007.
The Biden Administration’s American Rescue Plan Act of 2021 (H.R. 1319) (the “Act”) could present an opportunity for the growth of utilization of ambulatory surgery centers (“ASCs”), continuing the trend of migration of inpatient procedures to the outpatient setting. This shift toward the outpatient setting initially began prior to the COVID-19 public health emergency, but was accelerated by the pandemic’s effect on hospitals, likely continuing the substantial increase in investment in the ASC marketplace.
In the first half of 2020, ophthalmology, otolaryngology, gastroenterology and dermatology were among the hardest hit, according to an analysis of Medicare physician spending by the American Medical Association. While Medicare spending recovered, it was still 12 percent less than expected by June 2020. Over a year after the onset of the pandemic, some ASCs have yet to return to normal caseloads. Five ASC leaders spoke with Becker’s ASC Review about the specialties they see struggling to recover.
Insurers pass risk to patients with high-deductible health plans, and members are becoming savvier about the cost of care as a result. “One of the big trends I’m following in healthcare today is the continued transition of financial responsibility and increased cost-consciousness of patients and employers as healthcare costs rise,” said Andrew Wade, CEO of OrthoSC in Myrtle Beach.
ASC administrators are watching market consolidation trends closely and planning their next move. “As many organizations are reeling from the financial impact of the pandemic, there remains strong activity in practice acquisition or the creation of strategic partnerships,” said Andy Poole, CEO of Monticello Community Surgery Center in Virginia’s Albemarle County. “ASCs need to evaluate their position in their market and best position their center for ongoing success.”
Single-specialty cardiology ASCs are rapidly rising, and there are plenty of indications that the steep climbs witnessed in recent years will continue apace in the years to come. In this article, GHA highlights several points of consideration with respect to cardiology ASCs.
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