Summary
Recent Transformations in the ASC Space | LeftCoast Healthcare Advisors
Recent Transformations in the ASC Space
In this episode, we are joined by Michael McClain, Founder of LeftCoast Healthcare Advisors, to discuss the recent transformations in the ASC space, key considerations for ambulatory surgery stakeholders, the common characteristics of great ASC partnerships, and lots more.
About Michael McClain and LeftCoast Healthcare Advisors
Michael McLean is the founder and managing member of Left Coast Healthcare Advisors. He started as a paramedic and hospitalist PA, and eventually became an ASC administrator. The healthcare industry has changed drastically in the past 10 years, especially in the ASC space. Private equity and big tech have entered the space and brought creative energy and capital. Before entering the ASC space, it is important to do your homework and understand the motivations of physician partners and non-physician partners.
Characteristics of Great ASC Partnerships
A great ASC partnership should start with trust and mutual respect. It is also important to remember that an ASC is a piece of a larger partnership and to align those partners in the ASC building. Having realistic expectations about time, costs, and expenses is key; as is having a common approach to conflict resolution and the ability to compromise. The ASC market is facing many headwinds but there are new creative investment models and financing options becoming available as well as consolidations in the payer and regulatory environment. Data and analytics are also continuing to expand which allows ASCs to become part of the larger healthcare ecosystem.
Special Thanks and Conclusion
Michael thanked Left Coast Healthcare Advisors for sponsoring the episode and thanked the interviewer for their time and a great discussion. He also invited listeners to tune into more podcasts from ERs Healthcare.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 06/23/2023 and can be listened here.
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