ASC Archives - Wisdom. Applied.

A Novel Approach to ASC Structure: Distributions In Proportion to Production.

Mark — Mon, 02 Mar 2026 16:30:41 +0000

Four surgeons practicing together, ophthalmologists, for example, plan to build their own ASC. It goes without saying that they would think that distributions from their ASC must be in proportion to ownership interests. But that’s not necessarily true.

The post A Novel Approach to ASC Structure: Distributions In Proportion to Production. appeared first on Wisdom. Applied..

Blowing up Your ASC Because of Confusion of Purpose – Medical Group Minute

Mark — Wed, 06 Mar 2024 12:04:00 +0000

Physicians (and others) considering forming a Medicare certified ASC have to be very careful about not confusing the ASC entity's purpose.

The post Blowing up Your ASC Because of Confusion of Purpose – Medical Group Minute appeared first on Wisdom. Applied..

Rainbows, Unicorns and Fraudulent ASC Deals – Medical Group Minute

Mark — Wed, 07 Feb 2024 10:51:00 +0000

ASCs can be great investments for physicians - as long as they're real. But if all they are are rainbows, unicorns, and clear blue skies, then you’d better stay away.

The post Rainbows, Unicorns and Fraudulent ASC Deals – Medical Group Minute appeared first on Wisdom. Applied..

Don’t Be Fooled by Healthcare Deal Arithmetic – Success in Motion

Mark — Tue, 04 Oct 2022 11:00:00 +0000

Ride along with Mark as he talks about the need to question numbers presented as facts in connection with healthcare investment opportunities.

The post Don’t Be Fooled by Healthcare Deal Arithmetic – Success in Motion appeared first on Wisdom. Applied..

Creating Interlocking Physician-Owned Ventures – Podcast

Mark — Thu, 17 Feb 2022 12:00:00 +0000

Hospitals purchased physician practices, employed and otherwise aligned physicians, and pushed into outpatient care.

The post Creating Interlocking Physician-Owned Ventures – Podcast appeared first on Wisdom. Applied..

Creating Interlocking Physician-Owned Ventures – Medical Group Minute

Mark — Wed, 02 Feb 2022 12:00:00 +0000

Hospitals purchased physician practices, employed and otherwise aligned physicians, and pushed into outpatient care.

The post Creating Interlocking Physician-Owned Ventures – Medical Group Minute appeared first on Wisdom. Applied..

Rainbows, Unicorns, and Fraudulent ASC Deals – Podcast

Mark — Thu, 04 Nov 2021 11:00:00 +0000

ASCs can be great investments for physicians. Oh, as long as they are real.

The post Rainbows, Unicorns, and Fraudulent ASC Deals – Podcast appeared first on Wisdom. Applied..

A Legal Alternative to Illegal Kickbacks to Physicians – Medical Group Minute

Mark — Wed, 01 Sep 2021 11:00:00 +0000

You can see why it’s so tempting for unscrupulous hospital CEOs to offer kickbacks to physicians.

The post A Legal Alternative to Illegal Kickbacks to Physicians – Medical Group Minute appeared first on Wisdom. Applied..

The Triple Shame: The Hospital-Government Complex Threatens Quality, Patient Experience, and the Cost of Care

Mark — Mon, 26 Jul 2021 15:23:07 +0000

In the long run, this will only slow down, not defeat, the fact that ASCs are the preferred site of surgical services.

The post The Triple Shame: The Hospital-Government Complex Threatens Quality, Patient Experience, and the Cost of Care appeared first on Wisdom. Applied..

Insurers Help Themselves By Helping You Help Patients . . . At Your ASC – Podcast

Mark — Thu, 15 Jul 2021 11:00:00 +0000

Need a marketing consultant to help grow your ASC? You might want to check with your carriers first.

The post Insurers Help Themselves By Helping You Help Patients . . . At Your ASC – Podcast appeared first on Wisdom. Applied..

Insurers Help Themselves By Helping You Help Patients…At Your ASC – Medical Group Minute

Mark — Wed, 16 Jun 2021 11:00:00 +0000

Procedures that previously could be performed, meaning performed and reimbursed, only in a hospital setting, whether inpatient or outpatient, can now be performed in an ASC.

The post Insurers Help Themselves By Helping You Help Patients…At Your ASC – Medical Group Minute appeared first on Wisdom. Applied..

Insurers Help Themselves By Helping You Help Patients . . . At Your ASC

Mark — Mon, 19 Apr 2021 17:06:30 +0000

Need a marketing consultant to help grow your ASC? You might want to check with your carriers first. Background As the latest step in a trend that began several years ago, effective for 2021, CMS added 267 new codes to Medicare’s ASC covered procedures list. These are the codes for procedures that Medicare recognizes for...

The post Insurers Help Themselves By Helping You Help Patients . . . At Your ASC appeared first on Wisdom. Applied..

More On What Do You Call a Hospital with Irrelevant ORs Other Than “Bankrupt”? – Medical Group Minute

Mark — Wed, 10 Feb 2021 12:00:00 +0000

Quick quiz: If a patient or a payor has the choice of having a procedure performed (A) on a hospital inpatient basis, or (B) on an outpatient basis, then, assuming it's safe to perform that procedure on that patient in either setting, at which setting will it be performed?

The post More On What Do You Call a Hospital with Irrelevant ORs Other Than “Bankrupt”? – Medical Group Minute appeared first on Wisdom. Applied..

What Do You Call A Hospital With Irrelevant ORs Other Than “Bankrupt”? – Podcast

Mark — Thu, 17 Dec 2020 12:00:00 +0000

Evolutionary psychologists say that the reason we see a stick on the trail ahead of us as a snake is that it's far better for our survival to see sticks as snakes than snakes as sticks.

The post What Do You Call A Hospital With Irrelevant ORs Other Than “Bankrupt”? – Podcast appeared first on Wisdom. Applied..

More On What Do You Call a Hospital with Irrelevant ORs Other Than “Bankrupt”?

Mark — Mon, 07 Dec 2020 14:00:00 +0000

The post More On What Do You Call a Hospital with Irrelevant ORs Other Than “Bankrupt”? appeared first on Wisdom. Applied..

Disrespecting Reality with Prohibitions On Disrespecting – Success in Motion

Mark — Tue, 13 Oct 2020 11:00:00 +0000

Ride along with Mark while he discusses abuse of common sense and provisions concerning being “disrespectful.”

The post Disrespecting Reality with Prohibitions On Disrespecting – Success in Motion appeared first on Wisdom. Applied..

Hospital Abandons Physician ASC Partners – Podcast

Mark — Thu, 27 Feb 2020 12:00:00 +0000

Listen while Mark discusses a hospital’s announcement that it’s closing down its physician joint venture ASC. Was it really their decision? Or have the physician partners realized that they no longer need the hospital?

The post Hospital Abandons Physician ASC Partners – Podcast appeared first on Wisdom. Applied..

Hospital Abandons Physician ASC Partners – Medical Group Minute

Mark — Wed, 22 Jan 2020 12:00:00 +0000

Was it really their decision? Or have the physician partners realized that they no longer need the hospital?

The post Hospital Abandons Physician ASC Partners – Medical Group Minute appeared first on Wisdom. Applied..

Hospital Abandons Physician ASC Partners

Mark — Mon, 02 Dec 2019 14:04:48 +0000

Earlier this year, I read a news piece on a health system in Memphis called Methodist Le Bonheur Healthcare that had announced that it would be closing the joint venture ASC that it operates in concert with over one hundred physician partners.

The post Hospital Abandons Physician ASC Partners appeared first on Wisdom. Applied..

For Sale – Slightly Used ASC – Podcast

Mark — Thu, 24 Oct 2019 11:00:02 +0000

Sure, you can buy a new 2019 Bentley Continental GTC for around $300,000. But you can pick up a gently used 2016 model for around half the price.

The post For Sale – Slightly Used ASC – Podcast appeared first on Wisdom. Applied..

For Sale – Slightly Used ASC – Medical Group Minute

Mark — Wed, 09 Oct 2019 11:00:17 +0000

Sure, you can buy a new 2019 Bentley Continental GTC for around $300,000. But you can pick up a gently used 2016 model for around half the price.

The post For Sale – Slightly Used ASC – Medical Group Minute appeared first on Wisdom. Applied..

Fraud on Physicians in the ASC Setting – Podcast

Mark — Thu, 05 Sep 2019 17:27:05 +0000

As more physicians rush to invest in ASCs, unscrupulous facility promoters/managers scheme to separate physician investors from their money.

The post Fraud on Physicians in the ASC Setting – Podcast appeared first on Wisdom. Applied..

Fraud on Physicians in the ASC Setting – Medical Group Minute

Mark — Wed, 07 Aug 2019 15:57:54 +0000

As more physicians rush to invest in ASCs, unscrupulous facility promoters/managers scheme to separate physician investors from their money.

The post Fraud on Physicians in the ASC Setting – Medical Group Minute appeared first on Wisdom. Applied..

For Sale – Slightly Used ASC

Mark — Mon, 17 Jun 2019 16:31:39 +0000

Sure, you can buy a new 2019 Bentley Continental GTC for around $300,000. But you can pick up a gently used 2016 model for around half the price. But did you know that the same bargain can be had on a slightly used ambulatory surgery center? Last month, two facilities owned 51% by Surgical Care...

The post For Sale – Slightly Used ASC appeared first on Wisdom. Applied..

Rainbows, Unicorns, And Fraudulent ASC Deals

Mark — Mon, 01 Apr 2019 17:41:12 +0000

The bottom line for you, as an ASC investor, is to carefully investigate the deal, and its promoters, on the way in, and on a periodic basis after the investment is made.

The post Rainbows, Unicorns, And Fraudulent ASC Deals appeared first on Wisdom. Applied..

Beware of False Bilateral Choices – Success in Motion

Mark — Tue, 26 Feb 2019 12:00:06 +0000

Ride along with Mark as he discusses two examples of false bilateral choices for physicians and medical groups prevalent in healthcare thinking today.

The post Beware of False Bilateral Choices – Success in Motion appeared first on Wisdom. Applied..

4.89 Billion (Dollar) Reasons for Physicians To Love Owning Surgery Centers – Podcast

Mark — Thu, 21 Feb 2019 16:24:56 +0000

Yes, 4.89 billion reasons for you, if you are a physician who owns or is thinking about owning a surgery center (“ASC”). And, yes, each of them is green. Green as in a dollar bill.

The post 4.89 Billion (Dollar) Reasons for Physicians To Love Owning Surgery Centers – Podcast appeared first on Wisdom. Applied..

Hospital Abandons Physician ASC Partners – Success in Motion

Mark — Tue, 22 Jan 2019 17:29:58 +0000

Was it really their decision? Or have the physician partners realized that they no longer need the hospital?

The post Hospital Abandons Physician ASC Partners – Success in Motion appeared first on Wisdom. Applied..

Creative Destruction Blows Up Hospital System – Success in Motion

Mark — Tue, 18 Dec 2018 17:30:59 +0000

Ride along with Mark as he discusses the death of another small hospital system and how it can result in the birth of many new physician-led ventures.

The post Creative Destruction Blows Up Hospital System – Success in Motion appeared first on Wisdom. Applied..

Creating New Healthcare Ventures Without Outside Capital – Success in Motion

Mark — Tue, 11 Dec 2018 17:30:53 +0000

Stop thinking first about outside capital. This is healthcare collaboration in its true form.

The post Creating New Healthcare Ventures Without Outside Capital – Success in Motion appeared first on Wisdom. Applied..

4.89 Billion (Dollar) Reasons for Physicians to Love Owning Surgery Centers – Medical Group Minute

Mark — Wed, 14 Nov 2018 17:30:28 +0000

And, yes, each of them is green. Green as in a dollar bill.

The post 4.89 Billion (Dollar) Reasons for Physicians to Love Owning Surgery Centers – Medical Group Minute appeared first on Wisdom. Applied..

Blowing Up Your ASC Because of Confusion of Purpose – Podcast

Mark — Thu, 01 Nov 2018 16:00:44 +0000

Be careful not to destroy all of your Medicare claims by turning them into false claims.

The post Blowing Up Your ASC Because of Confusion of Purpose – Podcast appeared first on Wisdom. Applied..

4.89 Billion (Dollar) Reasons for Physicians to Love Owning Surgery Centers

Mark — Mon, 15 Oct 2018 15:00:55 +0000

Look at it like this: You can finally say goodbye to all those folks in suits who have their hands in your pockets.

The post 4.89 Billion (Dollar) Reasons for Physicians to Love Owning Surgery Centers appeared first on Wisdom. Applied..

Fraud on Physicians in the ASC Setting

Mark — Mon, 23 Jul 2018 15:00:52 +0000

As the shift of surgeries from the hospital setting to the ASC setting accelerates, we’re seeing more fraud at the ASC level. No, I’m not talking about the significant amount of fraud that comes from the “usual suspects,” criminal operators who bill for medically unnecessary procedures, for procedures that never occurred, and so on. Instead,...

The post Fraud on Physicians in the ASC Setting appeared first on Wisdom. Applied..

Are You Prepared to be Unreasonable? George, Franz, and Scott Offer Suggestions.

Mark — Mon, 01 Jan 2018 16:00:24 +0000

Discover strategic offer suggestions inspired by George Franz Scott to help medical groups navigate unreasonable demands.

The post Are You Prepared to be Unreasonable? George, Franz, and Scott Offer Suggestions. appeared first on Wisdom. Applied..

Un-Merry Christmas for Another Hospital

Mark — Mon, 25 Dec 2017 16:00:30 +0000

Another hospital faces financial turmoil. Learn what physician groups can do to protect their interests amid healthcare instability.

The post Un-Merry Christmas for Another Hospital appeared first on Wisdom. Applied..

The Lesson of Indoor Farming Applied to ASC/Facility Development – Success in Motion

Mark — Tue, 30 May 2017 16:00:03 +0000

Ride along with Mark Weiss as he discusses how you as a physician can apply concepts from indoor farming to your development of ASCs and other independent healthcare facilities.

The post The Lesson of Indoor Farming Applied to ASC/Facility Development – Success in Motion appeared first on Wisdom. Applied..

Blowing up Your ASC Because of Confusion of Purpose

Mark — Mon, 20 Mar 2017 15:00:42 +0000

Once again, the facility is no longer an ASC either for safe harbor or for Medicare billing purposes.

The post Blowing up Your ASC Because of Confusion of Purpose appeared first on Wisdom. Applied..

Special Alert: House Passes Bill – Why You Must Evaluate Your ASC Ownership/Practice Options Now

Mark — Fri, 02 Dec 2016 19:25:27 +0000

The passing of the 21st Century Cures Act mandates HHS to create a searchable database comparing ASC and HOPD costs.

The post Special Alert: House Passes Bill – Why You Must Evaluate Your ASC Ownership/Practice Options Now appeared first on Wisdom. Applied..

Creating Interlocking Physician-Owned Ventures

Mark — Mon, 16 May 2016 13:47:44 +0000

Physician-led ventures can interlock into a scalable, integrated healthcare platform that rivals hospital systems.

The post Creating Interlocking Physician-Owned Ventures appeared first on Wisdom. Applied..

A Legal Alternative to Illegal Kickbacks to Physicians

Mark — Mon, 18 Apr 2016 15:00:01 +0000

You can see why it’s so tempting for unscrupulous hospital CEOs to offer kickbacks to physicians.

The post A Legal Alternative to Illegal Kickbacks to Physicians appeared first on Wisdom. Applied..

Opportunities to Invest in Physician-Owned Outpatient Facilities

Mark — Mon, 14 Mar 2016 15:00:40 +0000

Blue Cross Blue Shield recently released a study based on the analysis of claims made by 43 million of their commercially insured patients. The study is additional evidence supporting the point that I’ve been arguing for the past year: That there is a rapid shift of surgical and interventional procedures from the hospital setting to the ASC setting.

The post Opportunities to Invest in Physician-Owned Outpatient Facilities appeared first on Wisdom. Applied..