3 New Entrepreneurial Ideas for Spine Surgeons

In a presentation during Becker’s ASC Review’s 12th Annual Spine, Orthopedic and Pain Management-Driven ASC Conference + the Future of Spine, June 12 in Chicago, John Caruso, MD, a neurosurgeon at Parkway Surgery Center in Hagerstown, Md., Rafe Sales, MD, founder of Summit Spine Institute in Portland, Ore., and Kiran Chekka, MD, a partner at Premier Pain Specialists in Schaumburg, Ill., shared 3 new entrepreneurial ideas for spine surgeons. The event was moderated by Timothy Fry, JD, an associate at McGuireWoods.

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1. Partner with a different specialty. Dr. Sales, an orthopedic surgeon, is currently in a practice with a neurosurgeon. “It’s a nice niche because he doesn’t do deformity cases and I don’t do tumors, so it works well for us,” he said. Patients also like the idea of physicians from different specialties collaboratively working on their case, he said.

2. Empower employees. The panelists agreed on the importance of both uniting clinical and frontline staff in the organization’s mission as well as allowing clinicians autonomy to do what they think best for the patient and the practice. “We’ve always been pleasantly surprised that people will do the right thing if you don’t put the bottom line in front of them, or make a doctor [meet financial goals] after 90 days with the center,” said Dr. Chekka.

For an added reward, Dr. Caruso offers employees that save his organization money use of his personal beach house. “It empowers them,” he said.

3. Go to accountants for advice. Accountants are founts of valuable information and advice for spine surgery centers, and their time is significantly cheaper than lawyers’, said Dr. Caruso. Spine surgery centers should not hesitate to consult their accountants about growth opportunities, regulatory and financial challenges and other pressing issues, he said.

More Articles on the Business of Spine:

3 Key Areas of Focus to Drive Innovation in the Spine Device and Implants Arena
What the Best Spine Surgeon-Referral Source Relationships Look Like Today
Young Spine Surgeons Entering the Field: 5 Key Trends

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.

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