Is an ASC a Good Investment for My Private Practice? Determining Ambulatory Surgery Center Feasibility

February 16th, 2024 | Healthcare Strategies

If you own a private practice, an ambulatory surgery center (ASC) development might already be on your radar, but there are a lot of questions that go into determining whether or not ASC development makes sense for a given practice before you can get started.

Keep reading to learn more about finding out whether or not ASC development is right for your practice with help from an ASC development consulting service.

The Benefits of Ambulatory Surgery Center Development for Your Practice

First, to figure out whether or not ASC development is right for you, it’s important to consider the many benefits you could see from developing your own surgery center. A few of the advantages typically seen with ASC development include the following:

  • Compete With Hospitals — ASCs offer more specialized and higher-quality care compared to hospitals, putting you in a great position to compete.
  • Improved Quality of Care — Because of their more narrow focus, ASCs are able to offer a higher standard of care in comparison to hospitals.
  • Added Revenue Source — An ASC represents an added source of revenue and new patients for your practice.
  • Increase Flexibility — Surgeons working in ASCs have more flexibility when it comes to scheduling and workloads.
  • Reduce Patient Costs — ASCs can offer significantly lower costs than hospitals, saving patients money and making care more accessible.

Is an Ambulatory Surgery Center a Good Investment for Your Practice?

To determine whether or not ASC business development makes sense for your practice, you’ll need to do a considerable amount of background research. This means carrying out a thorough market analysis to identify service gaps, your competition, target patient demographics, and which surgeries are most in demand in your area.

Of course, getting the answers to all of those questions is easier said than done. Thankfully, you don’t have to go it alone. An ambulatory surgery center consulting service can help you conduct the feasibility studies and research needed to create an effective plan for your private practice.

Certificate of Need Laws and Your ASC Development

Finally, when considering whether or not to develop an ambulatory surgery center at your private practice, you need to keep certificate of need (CON) laws in mind. CON laws can put restrictions on the type and number of healthcare developments carried out in a given area. CON laws are in place in 35 states and Washington D.C. If you operate in one of these states, you may not be able to carry out your ASC development as planned. To learn more about how CON laws could affect your private practice, you can talk to a healthcare consultant.

Maximize Your Private Practice Potential With a Healthcare Consultant

Whether or not ASC development is a good investment for your private practice, you can benefit from guidance from an experienced healthcare consultant like Rock Rockett. A capable healthcare consulting firm can help you identify new opportunities for your practice and create actionable strategies for your future.

If you’re ready to take your private practice to its full potential, reach out to healthcare and ASC development consultant Rock Rockett for advice and guidance.

Ready to take your private practice to the next level? Get in touch with ASC development consultant Rock Rockett for guidance.