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New White Paper from Regent Surgical Health Shares How ASCs Drive Hospital Value-Based Care Strategy
As a leading developer and manager of ambulatory surgery center (ASCs), Regent helps hospitals embrace the risk and realize the opportunities robust ambulatory care platforms offer to lower costs, improve the quality of care, enhance patient loyalty, and improve physician satisfaction. The company's new white paper, available to download, outlines specific benefits and steps for expanding ambulatory care platforms.
"The fact that healthcare premiums have continued to rise is proof that payers have not been successful at managing care," says Chris Bishop, Chief Executive Officer (CEO) at Regent. "Shifting the risk to hospitals and providers aligns incentives with the quality and efficiency of care, not the volume of procedures, and presents a growth opportunity for hospitals who embrace the strategy."
According to the paper, one of the biggest benefits hospital systems can accrue from expanding their ambulatory care footprint is a lower cost of surgical care.
"As ASC specialists, we help hospitals develop a market strategy to more cost-effectively manage their surgical spend. There's no question that the way to do it is to move appropriate surgeries out of the hospital setting and into a surgery center," Bishop explains. "It often can be done for approximately 10-40 percent less, and it's a more convenient, high-quality experience for the patient with less risk of infection and readmission."
The paper also explores joint venture partnerships that bring all parties together effectively so their individual strengths and interests are correctly aligned to ensure the ventures operate efficiently and delivers exceptional care.
"We have developed models that encourage a productive in-patient relationship between surgeons and hospitals, eliminating competition between the two, and providing greater leverage with payers as well," adds Bishop. "Based on more than a decade of ASC joint venture experience, we know that physicians can become more valuable partners when they work closely with hospital executives to grow the ASC."
Regent Surgical Health is a national surgery center management and development company specializing in hospital and physician ambulatory surgery center joint ventures. It currently partners with 25 ASCs in the United States and Europe, 17 of those partnerships include hospitals.
About Regent Surgical Health
Regent Surgical Health is among the nation's leading surgery center strategy, management and development companies, and the most experienced company offering physician/hospital ASC joint venture partnerships. Regent has an unmatched record for delivering sustainable profitability, while enabling physician partners to maintain clinical autonomy and financial control. The company invests capital side-by-side with hospital and physician partners, and firmly believes the by-product of excellent care and efficiency is financial success.
Kebra Shelhamer, Root3 Growth Marketing