17th Annual Council of Supply Chain Executives Meeting
Karen Barrow and Joseph Arruda spoke on November 11 about “How Supply Chain and Healthcare Vendors Can Scale Ambulatory Surgery Center (ASC) Growth.” They discussed how hospitals and healthcare suppliers can successfully partner with the ASC market for revenue growth and to adapt their strategic services and approaches to deliver quality care.
Today’s hospital leaders and supply chain specialists are quickly adapting as surgical volumes continue a shift to lower cost care sites. ASCs and Hospital-Based Outpatient Departments (HOPDs) are currently focused on lower risk procedures in easy-to-access settings, allowing organizations to offer surgical procedures at 35 percent to 50 percent lower cost than hospitals. ASCs fit into two known trends in the healthcare market: the consumerization of our current healthcare system and the shift from fee-for-service to value-based-care. As of March 2021, ASCs across the US and three US territories totaled to 5,937, representing 1,944 cities based on independent, hospital-owned, or an ASC system ownership model. Currently, 73 percent of total hospital-owned ASCs are operating as physician joint ventures. Strategic investors believe ASCs are important for driving revenue and view them as a base for growth. Strength in the ASC market will come from consumers looking for lower out-of-pocket costs and government entities demanding price transparency.
- Understanding the Impact of ASC Market Growth
- Supply Chain Strategies for Successful Strategic Sourcing
- Discuss How Vendors Will Approach ASC Sales and Support