Surgical Health Partners, LLC
(“SHP”) partially owns and operates ambulatory surgery centers
(“ASCs”) in collaboration with physicians, and hospitals on
occasion. All of SHP’s ASC facilities are joint ventures with
physicians who recognize ASCs as a true opportunity to
facilitate cost-effective patient care.
SHP has the comprehensive understanding of the ASC business
required to be an industry leader. Specifically, SHP offers
solutions in the following areas:
Management Services
SHP provides a comprehensive array of management services. SHP
manages each of the facilities in which it has an ownership
interest, thus aligning its incentives with those of the
physician owners. SHP's experienced team establishes and
oversees such services as:
-
Business Office Management
- Billing and collections
- Systems integration
- Accounts receivable management
- Patient relations and community awareness
- Human resources and staffing
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Managed Care Contracting
-
Supply, Equipment and Facility Management
-
Accounting
- Financial management
- Cost accounting/benchmarking
- Accounts Payable management
-
Policies and Procedures
- Clinical
- Business/Regulatory
-
Governance and Communications
Development and Acquisition
SHP develops new multi-specialty and single specialty
facilities with capabilities and experience in the following
areas critical to early success:
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Feasibility Studies and Physician Recruitment
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Facility Design and Workflow
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Construction and Codes Management
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Initial Licensing and Medicare Certification
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Equipment Selection, Procurement and Installation
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Managed Care Contracting
SHP also has significant expertise and an impressive track
record in complete and partial ASC acquisitions. As one of the
few companies willing to purchase majority or minority
interests, SHP can assist facilities that have not reached
full potential by:
-
Financial Analyses of Specialty/Capacity Issues
-
Physician Recruitment
-
Equipment Changes
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Managed Care Contract Improvement
Financial Analysis
In today's tighter margin environment, ASC management cannot
truly be successful without sophisticated financial modeling
and budgeting to maximize partner returns and ensure financial
viability. The ability to create and use financial management
tools assists in optimizing:
Equipment Procurement Timing and Methodology
Supply Cost Management
Staffing Efficiencies and Planning
Payer Contract Negotiations
Speciality Mix
Combining all the talents with a focus on outcomes management
provides superior investor returns and a higher level of
healthcare service to the community
Operations Management
One of SHP’s core strengths is its internal operational
expertise. This expertise coversboth the clinical side as
well as the business side. Having a full understanding on both
sides equates to the best run, most efficient centers
possible. Examples of areas include:
Business Operations
Billing System Selection and Integration
Accounts Receivable Policies and Procedures
Payer Contracts and Relations
Financial Processes
Patient Coordination
Clinical Operations
- Policies and procedures
- Quality assurance and improvement measurements
- Accreditation management
- Supply and drug cost management
- Physician leadership coordination
Governance, Capitalization and Financing
SHP has significant organizational structure expertise and can
assist in designing imaginative and purposeful capital
structures, as well as governance structures, for acquired or
newly developed ASCs. Understanding how the dynamics of
capital structure and financing play into physician and
hospital partnership is a key component to early success or
any newly created ASC ownership entity. The following
components have been designed by SHP in a way to maximize the
benefit to all investor/partners:
Capital structures allowing various classes of ownership
Handling the complexity of individual vs. group vs. hospital
investors
Balancing the decision making authority among specialties
and other partners
Financing the project to create appropriate incentives for
investor participation
Balancing financing alternatives among Lines of Credit,
Leases and Non-Recourse financing
Creating financing options for partners as well as facility
Creating multiple investor opportunities between realty
assets and operating company
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