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Case 4

Generating More Revenue for Your Hospital than Yourself

With a decentralized medical delivery system, decreasing invasiveness of surgical procedures and an increasing number of aging patients, the need for ambulatory surgical suites will continue to rapidly grow.

As a matter of fact, according to the Office of the Inspector General (OIG), in an advisory issued October 10, 2001, ". the OIG recognizes that precluding joint ownership of ASCs (ambulatory surgical centers) may place hospitals at a competitive disadvantage by forcing them to compete with ASCs owned by physicians, who principally control referrals."

Ask yourself these questions:

  • Are you performing all your ambulatory procedures in hospital-owned facilities?
  • Are you participating in the management of the ambulatory surgical suite so that you can ensure that patients are cared for efficiently, competently and professionally?
  • Do you move quickly from procedure to procedure, or do you wait unnecessarily for rooms to be reset?

Solution:

A feasibility study for an ambulatory surgical center in your area.

Our feasibility study goes well-beyond identifying problems. We provide specific solutions on issues such as financial forecasts, cash needs, financing alternatives, and information system requirements. Our extensive knowledge of the Chicago-Metro market has been acquired from representing over 900 physician and physician groups, seven ambulatory surgical center clients and over ten hospitals. We can provide you with insights and trends on the role of a surgery center in an integrated delivery system. Is it right for you?


Case #5: Not knowing what each procedure really costs you




Physician Compensation Reviews
Physician Compensation Reviews

FGMK offers independent accountant reviews of physician compensation calculations and formulas. > Learn more