Compass in the Media: Why ASC Operations Are the Foundation of Success
August 22, 2024
The ambulatory surgical centers that Compass Surgical Partners develops and manages achieve EBITDA margins that are at least 30% higher than the industry average.
How do we do it?
“If you focus on operations first, the economics follow.”
"Whether its price pressure, wage pressure, the lack of government increases on the Medicare fee schedule every year, or inflation on supplies, running the core business well is extraordinarily important,” Hill told Becker's.
Compass’ operational experts work with our health system and physician partners to:
Leverage the ‘golden moment’ that case migrationcreates to achieve favorable ASC rates from payers — and still retain favorable IP and HOPD rates for our health system partners.
Lower supply costs. We collaborate closely with our physician partners to make materials management that benefit both our patients and the bottom line. Our purchasing power and procurement expertise means our ASCs pay lower prices for supplies and experience fewer supply chain disruptions.
Attaining 8-12% higher net revenue per case. Partners that utilize our RCM service reduce outstanding patient balances by 60%, lower days in A/R, achieve 2-3 days to bill, and reach a 99% clean claims rate.
If your health system is looking to make operational moves that yield surgery center network success, let’s talk. Contact us to schedule a conversation.
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