On Demand: Joint Venture ASC – Looking Back, Looking Forward-Presentation Slides

Presentation Slides

Pdf Summary

The document is a summary of the 2023 MedAxiom Joint Venture ASC (Ambulatory Surgery Center) conference. The conference aimed to bridge relationships between service line leaders, hospital leaders, and cardiologists, both employed and independent, to advance ambulatory strategies through ASC partnerships. The main goal was to set the standard for quality, efficiency, and profitability of cardiovascular ASCs.<br /><br />The joint venture strategy focused on physician alignment, market share gain, ASC network development, health system integration, and creating a strong return on investment. The Banner Cardiovascular Center in Sun City, AZ was highlighted as a successful example, with impressive performance metrics such as year-over-year growth in total cases and high EBITDA margins.<br /><br />Future plans in the CV ASC include performing more complex procedures such as ablation, right and left heart procedures, and structural heart interventions. There are also plans for ASC adjacencies like imaging centers, virtual cardiac rehab, and the use of IoMT (Internet of Medical Things) technologies for telemedicine, wearables, and remote monitoring.<br /><br />Obstacles faced in the past two years included patient acceptance, monitoring outcomes, communication of performance, revenue mix contracts, and collaboration on prior authorization processes. The importance of an integrated ASC strategy that supports service line and organizational strategy, embraces value-based care, and improves patient access was emphasized.<br /><br />Considerations for implementing a cardiovascular ASC included having CV ASC knowledge resources, shared governance and transparency, support from key stakeholders, stable partners committed to quality improvement, and alignment with market growth opportunities.<br /><br />The document mentioned the impact case study of the Banner West Valley CV ASC, which experienced a 10% overall improvement in experience. It highlighted strategies for backfilling procedures and expectations for volume recovery. Current ASC activity includes existing and developing centers in various areas, partnerships with different specialties, and continuous assessment of acquisition opportunities.<br /><br />The summary concludes with a Q&A session moderated by Joe Sasson, discussing topics related to the joint venture ASC.

Keywords

MedAxiom

Joint Venture ASC

conference

physician alignment

cardiovascular ASCs

ASC network development

health system integration

quality improvement

patient access

Q&A session