About 37 percent of the hospital’s revenue comes from orthopedics, followed by its emergency department (22.2 percent) and primary care (10.9 percent).
But in anticipation of orthopedic procedures shifting to the outpatient environment, Aspen Valley partnered with Steadman Clinic and the Steadman Philippon Research Institute to build a 65,000-square-foot surgery center in Basalt, Colo., which CEO David Ressler expects will attract patients from across the country.
The ASC, a joint venture between Steadman Clinic, Gainesville, Fla.-based Orthopedic Care Partners, Aspen Valley Hospital and Vail Health, will open in March. It features four operating rooms, a procedure room, a biologics lab, nine preoperative and postoperative rooms, and 14 recovery rooms.
“When that surgery center generates profit … we will receive 25 percent of our share of the profit,” Mr. Ressler said at a Dec. 13 board meeting, according to The Aspen Times.
Aspen Valley plans to move 70 percent of its orthopedic cases to the ASC.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.