Financial Strategies for ASCs

Introduction to Finance and Accounting in ASCs

This session offers a practical guide to interpreting financial statements used in ASCs, including the income statement, balance sheet and cash flow statement. Attendees will learn how to evaluate common ASC financial transactions, calculate essential metrics and leverage meaningful benchmarks. Gain the tools and insights needed to analyze financial data effectively and make informed decisions to improve your ASC’s financial performance.

AEU Content Area: Financial

John J. Goehle, MBA, CPA, CASCChief Operating OfficerAmbulatory Healthcare Strategies

Demystifying Accounting and Finance

This session will focus on how to interpret various financial statements encountered at an ASC: the income statement, the balance sheet and the cash flow statement. Attendees will explore how various expenses—such as labor, supplies, maintenance, rent, interest and other operating costs—impact a center’s profitability. The session will also cover strategies for analyzing net revenue and explaining any fluctuations and will examine the differences between accrual-based and cash-based accounting methods and how each impacts the financial statements. Additionally, we will review the main tenets of preparing a budget and share practical tools for evaluating capital purchases and conducting a return on investment (ROI) analysis.

AEU Content Area: Financial

Rena M. Courtay, MBA, BSN, RN, CNOR, CASCVice President of Ambulatory SurgeryTrinity Health

The Revolutionary Balance Sheet

The balance sheet, while slightly less intuitive than the income statement, is critical to effective management of any business. This session will review the basics of mechanics and interpretation, as well as give you the tools to read and analyze in the context of an ASC.

AEU Content Area: Financial

Sam Riber, MBAChief Executive OfficerPalmetto Pain Management

Let’s Talk Income Statements

For new administrators—and even some seasoned ones—navigating business financial reports can feel like a daunting task. From balance sheets to depreciating assets to annual reports, income statements combine elements of accounting, finance and operations into one complex package. And while it may seem overwhelming, understanding these reports is entirely achievable with the right guidance.

This session will demystify these financial documents by walking you through the basic structure and function of income statements, balance sheets and other standard financial reporting tools, providing clarity and actionable insights to help you confidently navigate your facility’s financial data.

AEU Content Area: Financial

Michael McClain, MHS, MS, PA-CFounder | Managing PartnerLeftCoast Healthcare Advisors

How to Make the Numbers Work for You

This session dives into the critical aspects of financial management in operating a surgery center. You will learn how to interpret financial data, identify trends and implement strategies to improve outcomes. The session will focus on internal and external benchmarking of data to your income statement and other KPIs. Other key topics include analyzing cost per case, staff cost per case, supply cost management, enhancing ASC efficiencies and conducting a breakeven analysis.

AEU Content Area: Financial

Tina J. DiMarino, DNP, MBA, RN, CASC, FACHE Chief Executive Officer Custom Surgical Consultants

Tame Your Expenses: Practical Strategies for ASCs

This insightful session is designed to help you optimize your budgets and maximize efficiency in your ASC. Learn how to implement strategies such as consolidating vendors, initiating smart staffing solutions and managing your inventory to control your expenses. This session will cover practical techniques, including supply chain management, inventory control, service contracts oversight and more to help equip your center with actionable tools to thrive in today’s competitive healthcare environment.

AEU Content Area: Financial

Jessica Rodriguez, MBA, CASC Executive Director OAM Surgery Center at Midtowne

The Revenue Cycle: From Data to Decisions

Financial stability and growth are crucial to the ongoing success of a surgery center. One of the most significant components of a thriving organization is its revenue cycle. Revenue cycle management (RCM) reports are detailed documents that provide insights into the financial and operational aspects of a healthcare provider's revenue stream. They are essential for monitoring, analyzing and improving the efficiency and effectiveness of the RCM process. During this session, attendees will learn about the importance of these reports and gain an understanding of the information needed to be able to use the data to make informed decisions. Being able to analyze RCM reports is not just good practice but a fundamental necessity for financial success.

AEU Content Area: Financial

Becky Ziegler-Otis, MHA, RHIA, CPHQ, CHC, CASC Assistant Executive Director ASC Quality Collaboration

Financial Essentials for the ASC

This session provides a foundational review of key accounting and finance terms, helping attendees navigate essential financial concepts with confidence. Attendees will learn how to interpret financial statements, calculate critical financial benchmarks and explore finance options for capital purchases. The session will also cover how to calculate case contribution margins and apply this information to decision making, along with a practical guide to the annual budget process.

AEU Content Area: Financial

Robert J. Eisenberg, MBA, RN, CASC Senior Vice President Sullivan Healthcare Consulting