AmSurg Corp., through its subsidiaries, acquires, develops, and operates ambulatory surgery centers (ASC) in partnership with physicians in the United States. As of December 31, 2013, the company operated 151 centers for gastrointestinal endoscopy procedures, 48 multi specialty centers, 36 centers for ophthalmology surgery procedures, and 7 centers for orthopedic procedures in 34 states and the District of Columbia, in partnership with approximately 2,000 physicians. Surgery Centers The company’s surgery centers are typically located adjacent to or in close proximity to the medical practices of its partner physicians. The company owns a majority interest (primarily 51%) in the facilities that it operates. The company’s surgical facilities primarily provide non-elective, high volume, lower-risk surgical procedures across multiple specialties, including among others gastroenterology, ophthalmology, and orthopaedics. As of December 31, 2013, approximately 1.6 million surgical procedures were performed in its ASCs. The company’s surgery centers perform an average of approximately 6,800 procedures per year As of December 31, 2013, 151 of its centers performed gastrointestinal endoscopy procedures, 48 centers were multi-specialty centers, 36 centers performed ophthalmology surgery procedures and seven centers performed orthopaedic procedures. The types of procedures performed at each center depend on the specialty of the practicing physicians. The procedures most commonly performed at its surgery centers are: gastroenterology - colonoscopy and other endoscopy procedures; ophthalmology - cataracts and retinal laser surgery; and orthopaedic - knee and shoulder arthroscopy and carpal tunnel repair. Strategy Main components of the company’s strategy include the following: attracting and retaining physicians who are leaders in their specialty and market; increasing same-center revenues and profitability at its existing surgery centers; expanding its national network of ASCs by selectively acquiring both single-specialty ASCs and multi-specialty ASCs, and developing new ASCs in partnership with physicians; and pursuing the acquisition Sales and Marketing The company markets its surgery centers directly to patients, referring physicians and third‑party payors, including health maintenance organizations, preferred provider organizations, other managed care organizations, and employers. Regulation The Federal False Claims Act and Similar Federal and State Laws: The company is subject to state and federal laws that govern the submission of claims for reimbursement. These laws prohibit an individual or entity from knowingly and willfully presenting a claim (or causing a claim to be presented) for payment from Medicare, Medicaid or other third-party payors that is false or fraudulent. History AmSurg Corp. was founded in 1992.
amsurg corp (AMSG:NASDAQ GS)
20 Burton Hills Boulevard
Nashville, TN 37215
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