Orthopedic Urgent Care Franchising is THE Opportunity of 2018

https://medcitynews.com/?sponsored_content=orthopedic-urgent-care-franchising-opportunity-2018-2&utm_campaign=MCN%20Daily%20Top%20Stories&utm_source=hs_email&utm_medium=email&utm_content=61259603&_hsenc=p2ANqtz-9KZbK2I0aYCjcH-L8_oANZXZSsq2K8jondsl8vHF0rHfcb8_zR65kRtQV-cDsnd_VomLuc-G2in5Y4wJcsFWrR8zgKJg

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Healthcare Executives, Physicians, and Healthpreneurs dealing with hospital spending cuts, reduced insurance reimbursements, and reduced market share are looking for solutions to earnings loss which is giving rise to the innovations in specialized focused urgent care.

The economic pressures coupled with the need for lifestyle balance cause many in the healthcare industry to look for alternatives and franchising is leading this nationwide healthcare overhaul.

With approximately 9,000 urgent care centers in the United States offering generalized care, OrthoNOW is the only franchised care center of its kind in the United States — a unique position to gain market share in this highly fragmented industry.

OrthoNOW’s focus is on sports medicine and the treatment and prevention of the full range of orthopedic injuries, all on a walk-in basis. Services include treatment of injuries to the hand, wrist, foot, ankle, knee, spine and shoulder, as well as preventative consultation and regimens by experts in orthopedics.

Strong interest in the brand is being fueled by CDC estimates that injuries have a $671 billion annual impact on the U.S. economy — orthopedic medicine contributes $48 billion to the GDP and urgent care centers produce an additional $30 billion in revenue. Further, 160 million patients seek out urgent care each year; 48 million of those patients will require orthopedic care who, without access to, are referred to the local emergency room only to be redirected to a specialist following a long and expensive visit.

“OrthoNOW offers an innovative turn-key solution with a comprehensive support system built in. Our corporate staff consists of veteran business, medical and franchise professionals who work closely with our franchisees and provide ongoing support. Thus, our operations are efficient and effective,” says Christine Dura, Chief Development Officer. “We have more than 1,000 territories available, and we are aggressively targeting proven multi-unit operators and Regional Developers who understand the power of scalability.”

Have you ever wondered how owning a proven franchise model in healthcare could change your financial future? OrthoNOW’s power-packed 30 minute webinar is the place to start. Get expert answers to your most pressing questions. Some will watch and miss the opportunity. Some may even try a solution on their own. Regardless, their proven model leads the charge in delivering the healthcare solutions many Americans need NOW.

Answer the call of millions of Americans in need of expert and affordable healthcare. Join OrthoNOW’s webinar on February 28, 2018, which covers the four big questions in franchising:

  • Am I the right fit?
  • What is my investment?
  • How much money can I make?
  • Why OrthoNOW?

Kaiser Health News report questions safety of ASCs: 5 things to know

https://www.beckershospitalreview.com/quality/kaiser-health-news-report-questions-safety-of-ascs-5-things-to-know.html

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Ambulatory surgery centers are often considered low-cost alternatives to expensive in-hospital care, but a new report from Kaiser Health News and USA Today raises questions about the safety of ASCs and the regulations that govern their practices.

Here are five things to know about the report.

1. The report claims the proliferation of increasingly complex surgeries at ASCs has shone a light on facilities’ poor preparation for emergency scenarios. ASCs are required to have patient transfer agreements to local hospitals in the event of an emergency, complying with state and federal regulations. The report cited examples of patients who were transferred from ASCs in rural areas where hospitals were up to 30 miles away and were unable to access the emergency care needed.

2. ASCs are a surgical site option for elective procedures for patients who are good candidates for the outpatient setting, typically otherwise healthy patients without comorbidities. Not every patient is a good candidate for outpatient surgery; those with pre-existing conditions are better suited for the hospital.

Preexisting conditions can complicate even the most routine surgeries, and the report claims over 260 patients have died since 2013 after procedures at ASCs. Though federal regulations require ASCs keep resuscitation equipment on hand in case of emergencies, a number of the patient deaths detailed in the article took place in facilities that skirted these regulations. However, the Ambulatory Surgery Center Association issued a statement March 2 in response to the article, reporting more than 200 million successful procedures have been performed in ASCs across the country over the same five year period.

3. The report cites examples of patients who felt hurried out of ASCs and dying on the way home.

“The stories these reporters tell are indeed tragic and will no doubt be deeply concerning to readers. Unfortunately, the article fails to provide a comparison to other sites of care and make clear that medical errors occur across all sites of care, including hospitals, and typically at much higher rates than in ASCs,” said Rebecca Craig, RN, MBA, the CEO of Fort Collins, Colo.-based Harmony Surgery Center and Peak Surgical Management.

4. In the third quarter of 2017, the most recent data available, the rate of all cause emergency department visits within one day of ASC discharge was 0.69 percent, according to statistics from ASC Quality.

5. Physicians are allowed to have ownership in ASCs, collecting a percentage of the facility fee for each case. The article’s authors suggest this ownership may influence their decision to direct cases to the center , but the laws governing ASC referrals vary by state, with some states barring surgeon referrals to any ASC in which they or a family member maintain a financial interest.

10 thoughts from discussion on 2018 Anti-Kickback and Stark Law issues

https://www.beckershospitalreview.com/legal-regulatory-issues/10-thoughts-from-discussion-on-2018-anti-kickback-and-stark-law-issues.html

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We had a chance to moderate and participate in a webinar with leading colleagues John Harig, Tim Fry, David Pivnick and Brett Barnett regarding key Anti-Kickback Statute and Stark Law issues facing health systems, surgery centers, dialysis providers and other healthcare providers and investors. Below are 10 key thoughts discussed during the webinar as to fraud and abuse issues in play in 2018.

1. The reading and implementation of the “Yates Memo” issued by the U.S. Department of Justice will influence how the government aims to prosecute individuals in addition to companies.

2. The reading of the U.S. Supreme Court’s Escobar decision will influence whether defendants in false claims cases will receive some relief from technical billing violations that are not fundamental or material to the government’s paying of a claim.

3. Regulators and potential buyers are focused on “creative marketing arrangements” by physician practices, often related to laboratory and/or pharmacy arrangements.

4. Government enforcement agencies and potential buyers are focused on physician compensation arrangements, particularly their compliance with the Stark Law.

5. Potential buyers face a challenge in determining how deeply to examine targets’ past practices through billing and coding audits, as well as how to handle the results of billing and coding audits in negotiation of transactions.

6. Private equity buyers face challenges in their evaluation of risk posed by regulatory issues and how to address regulatory risks in a seller’s market.

7. Sellers present the historical legal analysis of fraud and abuse issues during the due diligence process, particularly when the legal analysis is positive, but assumptions underlying the legal analysis do not align with the sellers’ actual operations.

8. The turnover in the U.S. Department of Justice may impact the timing of fraud and abuse prosecutions and settlements.

9. Recoveries by the government resulting from fraud and abuse prosecutions have increased in magnitude. Furthermore, there are more recoveries coming from cases in which the government has not joined in the case with the relator.

10. The wide array of laboratory arrangements and businesses hold implications for fraud and abuse laws.

 

Investment firm Kohlberg Kravis Roberts closes $2.4 billion deal with Envision Healthcare, acquires Covenant Surgical Partners

http://www.healthcarefinancenews.com/news/investment-firm-kohlberg-kravis-roberts-closes-24-billion-deal-envision-healthcare-acquires?mkt_tok=eyJpIjoiT0RabE1UVmtZamMzTldOaCIsInQiOiJIRmpRNFJxRnFHbG9vRGV6UXZGMzZJbmZXOEZRczZRcktRb3Z4VzZHQ01UYUdoVElGRlNGVTUrRytER3FteTZSMTdXMjdjM0dlVnlrT01CS2RSNDhCa2tuRTNvbkhVMmlkU0RWQ3pvQ0lrTGVPMnkyUG8ySGJOaGhQc0FLbWUyaSJ9

Photo courtesy <a href="https://www.flickr.com/photos/cak757/15853544615"> Flickr </a>

 

Envision and WebMD deals are valued at more than $2 billion each; financial terms of Covenant deal were not disclosed.

Global investment firm Kohlberg Kravis Roberts & Co has announced they will buy Covenant Surgical Partners. Financial details were not disclosed.

Covenant buys and operates ambulatory surgery centers and physician practices, and touts 37 facilities located across 17 states.

The deal is expected to close in the third quarter of FY 2017.

The announcement comes just a day after another major, much-anticipated deal was unveiled. KKR’s Air Medical Group Holdings will merge with Envision Healthcare’s transportation subsidiary American Medical Response to form an entirely new medical transportation company, a transaction worth $2.4 billion, KKR said.

The combined company is expected to transport more than five million patients per year with air and ground ambulances across 46 states and the District of Columbia, KKR said in a statement.

Envision’s President of Ambulatory Services Randall Owen will step in as President and CEO of the new company, and when the deal is done, a new company name will be designated.

That deal is scheduled to close in the fourth quarter of 2017.

Envision Healthcare owns and operates 263 surgery centers and one surgical hospital in 35 states and the District of Columbia, with medical specialties ranging from gastroenterology to ophthalmology and orthopedics.

“The Envision leadership team conducted a robust process to review strategic alternatives for AMR. The agreement delivers on our commitment to continue the proud tradition of AMR and enables Envision to focus on its physician-centric strategy and ongoing services, including facility-based provider services, post-acute care and ambulatory surgery,” said Christopher A. Holden, Envision’s President and Chief Executive Officer.

A little more than a week ago, KKR also revealed their deal for their company Internet Brands to buy WebMD in a transaction valued at approximately $2.8 billion.  This acquisition is also expected to close in the fourth quarter of 2017.

Supreme Court strikes down Texas abortion clinic restrictions

https://www.washingtonpost.com/politics/supreme-court-strikes-down-texas-abortion-clinic-restrictions/2016/06/27/ba55d526-3c70-11e6-a66f-aa6c1883b6b1_story.html

The Supreme Court on Monday struck down Texas abortion restrictions that have been widely duplicated in other states, a resounding win for abortion rights advocates in the court’s most important consideration of the controversial issue in 25 years.

Supreme Court strikes down Texas abortion restrictions

http://thehill.com/regulation/court-battles/284974-supreme-court-strikes-down-Texas-abortion

The justices said in the majority opinion that the two parts of the Texas law under challenge create a “substantial obstacle in the path of women” who are seeking abortions and neither provision “offers medical benefits sufficient to justify the burdens upon access that each imposes.”

Two dozen other states have similar restrictions in place, requiring abortion clinics to meet the standards of hospital-style surgical centers and requiring doctors who perform abortions to have admitting privileges at hospitals within 30 miles.

MedPAC issues March report to Congress: 8 Medicare issues

http://www.beckershospitalreview.com/finance/medpac-issues-march-report-to-congress-8-medicare-issues.html

MedPac

Ambulatory surgical centers could soon receive EHR incentive payments

http://www.healthcaredive.com/news/ambulatory-surgical-centers-could-soon-receive-ehr-incentive-payments/410804/

The Electronic Fairness Act of 2015

AmSurg offers $7.8 billion to merge with TeamHealth, create huge ambulatory, physician services network

http://www.healthcarefinancenews.com/news/amsurg-offers-78-billion-merge-teamhealth-create-huge-ambulatory-physician-services-netowork?mkt_tok=3RkMMJWWfF9wsRovu6XJZKXonjHpfsX57u4rUa6zlMI%2F0ER3fOvrPUfGjI4IRMpkI%2BSLDwEYGJlv6SgFQ7LHMbpszbgPUhM%3D

TeamHealth initially rebuffed the deal.

What the slowdown in ASC growth means for the future of the industry: 5 questions answered

http://www.beckersasc.com/asc-transactions-and-valuation-issues/what-the-slowdown-in-asc-growth-means-for-the-future-of-the-industry-5-questions-answered.html

ASC Transactions & Valuation Issues