OrthoNY seeks approval for $5.6M ASC, projects $5.8M revenue in 1st year: 5 key notes

Practice Management

OrthoNY plans to expand its orthopedic practice with a new multispecialty ASC, according to The Daily Gazette.


Here are five things to know:


1. OrthoNY submitted an application to the New York Public Health and Health Planning Council at the council's meeting this past week to seek contingent approval for their new project: a 12,000 square foot ASC. The practice plans to lease space and build it into a four operating room ASC.


2. The project is expected to cost $5.6 million and bring in around $5.8 million in revenue for the first year. OrthoNY estimates the surgery center would perform more than 3,000 procedures during its first year open.


3. Building would begin on or before March 1, 2018, pending approval, and the practice hopes to have construction completed by Dec. 31 of next year.


4. The new ASC would be located in a county with three ASCs that saw around 20,342 patients last year. The multispecialty center would include orthopedics as well as other specialties.


5. OrthoNY has 12 offices currently and plans to employ 23 new full time employees to staff the new ASC.


Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Webinars

Featured Whitepapers