Owning an Ambulatory Surgery Center (ASC) can be a rewarding and profitable experience, but it can also pose unique challenges.

Ethos Partners offers turnkey ASC development and management solutions that can help you meet any challenge you may face. Our team of professionals has worked with more than 150 ASCs across the country, and we have a full range of resources to help you exceed your financial goals and expectations.

In addition to our vast collective experience in the industry, we also possess a thorough understanding of ASC sales and ownership structures, including partnerships, LLCs and joint ventures. We are very familiar with the appropriate federal and state laws and regulations covering physician ownership (Safe Harbors, Stark Laws, etc.), and if your center requires syndication or needs partnership restructuring, we can guide you to a smooth transition.

If you already operate an ASC or need assistance developing a new center, EthosPartners has the solutions you need.

The Operating Principles of EthosPartners ASC Solutions:

• We believe the surgeon-patient relationship is the building block of outpatient surgery.
• We believe in a decentralized local approach to center operations, with a focus on high-quality, personal care in a cost-conscious environment.
• We believe in developing state-of-the art centers that provide an optimal environment for the physician users of the center.
• Our number one goal is to have our centers meet or exceed their financial objectives. We have no secondary agendas.
• We are interested in building successful businesses for our physician affiliates. Our track record in the development and operation of diverse opportunities across the nation for varied clients and partners attests to that fact.

Ambulatory Surgery Center Solutions Services

Development

• Feasibility analysis
• Architectural/design input and equipment needs analysis
• Organize and structure the partnership/joint venture with outside legal counsel
• Prepare syndication documents
• Initial ordering of equipment, instruments, drugs and medical/surgical supplies
• Assist in obtaining financing (if necessary) for land, building and equipment
• Recruit, train and supervise center staff (nursing and front office)
• Advise center on purchase of appropriate MIS and electronic billing systems
• Establish and maintain center fee schedule
• Secure cost-effective malpractice liability and general business insurance
• Provide/update center policies and procedures (clinical and front office)
• Ensure center meets and stays current on all regulatory obligations
• Secure approval of center for Medicare/Medicaid reimbursement
• Provide assistance and guidelines for ASC accreditation (AAAHC)

Operations

• Supervise wage/salary program, employee benefits and payroll functions
• Manage personnel, including morale, focus and teamwork
• Assist in maintaining effective QA, UR and risk management programs
• Provide/implement access to benchmarking and “best practices” methods
• Coordinate/supervise A/R billing and collections
• Negotiate payor contracts, including PPOs, HMOs and other managed care entities
• Provide access to HCA group purchasing contracts for medical/surgical supplies and equipment
• Analyze ongoing equipment needs with surgeons and center management for effective purchasing
• Oversee accounts payable, inventory control and other cost management functions
• Coordinate provision of all legal services to minimize unnecessary legal bills
• Direct support for physician sales/marketing efforts
• Work with physician partners to maximize support for the center

Accounting

• Provide accounting, financial statements and relevant management reports
• Oversee partnership accounting, distributions and tax return filings
• Advise/assist on operational partnership issues – buy-ins, buy-outs, etc.

Contact us to learn more about Ethos' Ambulatory Surgery Center Solutions