Results: Business Venture Development and Restructuring
Goals:
- Explore and verify interest level of surgeons in pursuing an Ambulatory Surgery Center (ASC) venture with the health system
- Determine the operational and financial feasibility of the proposed ASC venture
- Operationalize the ASC, including business plan
Results:
- Collaborative vision for a business venture ASC
- Business plan, working with legal counsel, term sheet and operating agreement
- Operationalized ASC that included:
- 60% Hospital / 40% Physician equity split
- 23 Physician investors in 6 specialties, including anesthesiologists
- Physician-led governance and management
- Vascular volume doubled
- $2 million contribution margin just from interventional radiology
