1 00:00:00,240 --> 00:00:02,980 Looking for a solution that helps alleviate administrative 2 00:00:03,199 --> 00:00:05,599 tasks for your staff and also helps your 3 00:00:05,599 --> 00:00:07,599 patients cover their out of pocket health care 4 00:00:07,599 --> 00:00:08,099 expenses? 5 00:00:08,559 --> 00:00:11,199 Find what you're looking for from CareCredit because 6 00:00:11,199 --> 00:00:13,919 CareCredit is a credit card and more. It's 7 00:00:13,919 --> 00:00:16,375 a helping hand for staff and a flexible 8 00:00:16,375 --> 00:00:19,434 payment solution for patients. For over thirty years, 9 00:00:19,574 --> 00:00:22,934 CareCredit, a Synchrony solution, has offered patients a 10 00:00:22,934 --> 00:00:25,894 credit card with promotional financing options to get 11 00:00:25,894 --> 00:00:27,894 the care they want while helping staff do 12 00:00:27,894 --> 00:00:30,649 what they do best, provide care. To learn 13 00:00:30,649 --> 00:00:32,929 more, visit carecredit.com 14 00:00:32,929 --> 00:00:34,229 forward slash beckerspodcast. 15 00:00:35,649 --> 00:00:37,649 This is Gracelyn Keller with the Becker's Healthcare 16 00:00:37,649 --> 00:00:39,489 Podcast, and we are recording live at the 17 00:00:39,489 --> 00:00:42,369 twenty second annual Spine Orthopedic and Pain Management 18 00:00:42,369 --> 00:00:45,265 Conference. I'm currently joined by Sean Gibson, who 19 00:00:45,265 --> 00:00:48,145 is the CEO at Remedy Surgery Centers. Thanks 20 00:00:48,145 --> 00:00:50,145 for being here. We'd love to start off 21 00:00:50,145 --> 00:00:51,504 by having you share a little bit more 22 00:00:51,504 --> 00:00:53,445 about yourself, your role, and your organization. 23 00:00:53,825 --> 00:00:55,825 Thank you. Thank you for for having me 24 00:00:55,825 --> 00:00:56,325 here. 25 00:00:57,440 --> 00:01:00,560 I've been in, medicine now for about thirty 26 00:01:00,560 --> 00:01:01,380 seven years. 27 00:01:02,640 --> 00:01:05,280 The ASC market itself, it's been about thirty 28 00:01:05,280 --> 00:01:06,980 two of those thirty seven years. 29 00:01:08,159 --> 00:01:10,484 I think the unique side of what, 30 00:01:10,924 --> 00:01:13,084 I'd have to offer out there now is 31 00:01:13,084 --> 00:01:14,625 I've been on the corporate side, 32 00:01:14,924 --> 00:01:17,645 I've been on the publicly traded side, and 33 00:01:17,645 --> 00:01:19,505 I'm on the private side now. So 34 00:01:20,525 --> 00:01:22,284 it's given me a kind of a look 35 00:01:22,284 --> 00:01:23,905 from the perspective of what 36 00:01:24,980 --> 00:01:27,400 AACs, how those threats are for them. 37 00:01:28,340 --> 00:01:30,180 It gives me the other side from the 38 00:01:30,180 --> 00:01:32,120 private side looking back at the hospital. 39 00:01:32,579 --> 00:01:33,400 How can I 40 00:01:33,939 --> 00:01:37,000 friendly cohabitate an area and share patients, 41 00:01:37,780 --> 00:01:38,280 without 42 00:01:38,584 --> 00:01:40,204 letting them into my 43 00:01:40,905 --> 00:01:43,805 wallet per se, and keeping our investors 44 00:01:44,504 --> 00:01:45,884 happy as well? So 45 00:01:46,185 --> 00:01:47,805 I've been in medicine all my life. 46 00:01:48,664 --> 00:01:50,664 I've grown some of the businesses just on 47 00:01:50,664 --> 00:01:53,159 my own as as a business owner, 48 00:01:53,859 --> 00:01:55,480 and then just the the partnerships 49 00:01:55,859 --> 00:01:58,040 and the publicly traded side of the world. 50 00:01:58,500 --> 00:02:00,740 Wonderful. Well, thank you for being here. And 51 00:02:00,740 --> 00:02:02,980 let's start our conversation with what trends or 52 00:02:02,980 --> 00:02:05,204 shifts you're currently seeing right now in the 53 00:02:05,204 --> 00:02:07,364 industry that you think are most important for 54 00:02:07,364 --> 00:02:09,224 industry leaders to pay attention to. 55 00:02:10,245 --> 00:02:12,085 I I'm gonna state the obvious. One of 56 00:02:12,085 --> 00:02:14,085 them is the the payer market. Right? So 57 00:02:14,085 --> 00:02:15,064 our payer market 58 00:02:15,525 --> 00:02:18,164 is changing at lightning speed, and it's it's 59 00:02:18,164 --> 00:02:18,664 amazing 60 00:02:19,250 --> 00:02:21,430 really to kinda sit back and watch. There's 61 00:02:21,729 --> 00:02:23,110 there's days where I'm 62 00:02:23,650 --> 00:02:26,770 planning for, you know, negotiations for up and 63 00:02:26,770 --> 00:02:27,669 coming commercial 64 00:02:28,050 --> 00:02:29,969 markets. But on the other side, I'm talking 65 00:02:29,969 --> 00:02:32,310 to large companies, and those large companies, 66 00:02:33,169 --> 00:02:35,625 quite honestly, they're fed up. They're tired, 67 00:02:36,564 --> 00:02:37,625 of the double digit. 68 00:02:38,645 --> 00:02:39,145 One 69 00:02:39,844 --> 00:02:42,425 example that I had from just last week, 70 00:02:42,885 --> 00:02:46,485 this large company, they have 1,100 employees, and 71 00:02:46,485 --> 00:02:48,165 they're facing a 29% 72 00:02:48,165 --> 00:02:49,944 increase from their their payer. 73 00:02:51,000 --> 00:02:52,840 So they're not gonna do it. They're gonna 74 00:02:52,840 --> 00:02:54,699 they're gonna do their own. And so 75 00:02:55,000 --> 00:02:56,699 we've created our own consortium, 76 00:02:57,480 --> 00:02:57,980 and 77 00:02:58,599 --> 00:02:59,980 to be quite honest, it 78 00:03:00,360 --> 00:03:03,260 it takes the middleman out. So we are 79 00:03:03,925 --> 00:03:05,064 seeing patients quicker. 80 00:03:05,365 --> 00:03:06,425 We get paid quicker. 81 00:03:06,965 --> 00:03:08,344 We don't have to do authorizations. 82 00:03:08,805 --> 00:03:10,745 It it's it's really a 83 00:03:11,205 --> 00:03:13,205 a savvy market to get into, but you, 84 00:03:13,205 --> 00:03:14,884 you know, you need to get in now. 85 00:03:14,884 --> 00:03:16,805 And oddly enough, as soon as we got 86 00:03:16,805 --> 00:03:18,480 into the first one, I was approached by 87 00:03:18,480 --> 00:03:19,219 three more. 88 00:03:20,159 --> 00:03:23,040 So that payer market, yes, we'll still contend 89 00:03:23,040 --> 00:03:25,520 on the outside with, you know, the commercial 90 00:03:25,520 --> 00:03:27,060 market and the federal payers. 91 00:03:27,680 --> 00:03:29,760 But some of the new stuff, you know, 92 00:03:29,760 --> 00:03:30,980 private pay versus, 93 00:03:31,599 --> 00:03:34,084 a bundled type scenario. You just need to 94 00:03:34,084 --> 00:03:36,104 make sure that you're you're building 95 00:03:36,644 --> 00:03:37,144 that 96 00:03:37,685 --> 00:03:40,564 repertoire of of payers out, and, 97 00:03:41,525 --> 00:03:43,204 you can you can plan off of that 98 00:03:43,204 --> 00:03:44,164 a lot easier. So 99 00:03:45,060 --> 00:03:45,560 Absolutely. 100 00:03:46,180 --> 00:03:48,420 In staffing and workforce challenges, those continue to 101 00:03:48,420 --> 00:03:50,500 be a concern across health care. So how 102 00:03:50,500 --> 00:03:52,980 is your organization navigating these pressures, and what 103 00:03:52,980 --> 00:03:54,680 strategies have you seen work well? 104 00:03:55,780 --> 00:03:56,680 In that scenario, 105 00:03:57,375 --> 00:03:58,974 you really have to look at a a 106 00:03:58,974 --> 00:04:00,574 couple different things. And to be quite honest, 107 00:04:00,574 --> 00:04:02,814 you have to step off your soapbox that 108 00:04:02,814 --> 00:04:04,894 you're used to being on as a hospital 109 00:04:04,894 --> 00:04:05,394 administrator. 110 00:04:06,014 --> 00:04:07,775 It was easy. We had a department, we 111 00:04:07,775 --> 00:04:08,674 just went there, 112 00:04:09,134 --> 00:04:11,235 and we we picked up our folks. But 113 00:04:11,569 --> 00:04:13,810 I can't I can't do that, you know, 114 00:04:13,810 --> 00:04:15,889 in in an ASC. I mean, we can, 115 00:04:15,889 --> 00:04:17,750 but it would the reach is 116 00:04:18,209 --> 00:04:19,750 nothing compared to what we're 117 00:04:20,129 --> 00:04:21,750 we've had in the past. So 118 00:04:22,050 --> 00:04:24,529 I've actually done some different things. I've gone 119 00:04:24,529 --> 00:04:27,754 to the local colleges that, have nursing schools 120 00:04:27,754 --> 00:04:28,495 or whatever, 121 00:04:29,194 --> 00:04:29,694 scrub 122 00:04:30,395 --> 00:04:30,895 programs, 123 00:04:31,514 --> 00:04:32,975 and we have 124 00:04:33,675 --> 00:04:35,435 partnered with them in the sense that we're 125 00:04:35,435 --> 00:04:37,295 allowing their students to come do 126 00:04:38,060 --> 00:04:40,139 walk throughs or or they can do, you 127 00:04:40,139 --> 00:04:42,860 know, some skills training in a real live 128 00:04:42,860 --> 00:04:45,199 OR and kinda watch some stuff happen there. 129 00:04:45,740 --> 00:04:47,599 In return for doing that, we get 130 00:04:48,220 --> 00:04:50,779 to fish their their pool first. So I 131 00:04:50,779 --> 00:04:54,225 can pick up the top three graduates and 132 00:04:54,764 --> 00:04:55,665 take them in. 133 00:04:56,125 --> 00:04:58,045 It's hard. I mean, there's a there's a 134 00:04:58,045 --> 00:04:59,964 negative to that because those folks have not 135 00:04:59,964 --> 00:05:01,345 been in a real life 136 00:05:01,725 --> 00:05:04,365 environment, but you can mold them. And if 137 00:05:04,365 --> 00:05:04,865 you 138 00:05:05,310 --> 00:05:08,110 have senior enough folks, you can mold them 139 00:05:08,110 --> 00:05:10,689 to be that person that your surgeons 140 00:05:11,310 --> 00:05:13,170 absolutely want to be on the case. 141 00:05:14,029 --> 00:05:16,430 And as outpatient care continues to grow, how 142 00:05:16,430 --> 00:05:18,430 do you see the role of orthopedics and 143 00:05:18,430 --> 00:05:19,221 ASCs evolving within the broader healthcare ecosystem? So 144 00:05:19,221 --> 00:05:20,060 that's an easy one. 145 00:05:24,514 --> 00:05:25,735 Looking around at the 146 00:05:26,194 --> 00:05:26,774 the conference 147 00:05:27,394 --> 00:05:27,894 now, 148 00:05:28,754 --> 00:05:30,995 it's full of orthopedic folks. It is full 149 00:05:30,995 --> 00:05:32,454 of spine folks. I mean, 150 00:05:33,850 --> 00:05:34,350 orthopedics, 151 00:05:35,209 --> 00:05:36,670 things are, you know, they're 152 00:05:37,370 --> 00:05:40,269 it's getting easier to do these higher 153 00:05:40,569 --> 00:05:41,069 complex, 154 00:05:41,930 --> 00:05:44,490 higher acuity cases in an ASC. It's 155 00:05:45,209 --> 00:05:48,235 we've spent the time and pulled the data, 156 00:05:48,534 --> 00:05:50,055 and now people are seeing, you know, it 157 00:05:50,134 --> 00:05:51,974 it's not really as scary as what they 158 00:05:51,974 --> 00:05:53,995 initially painted it to be. So 159 00:05:54,694 --> 00:05:56,634 doing those big complex cases, 160 00:05:57,654 --> 00:05:59,194 it's just given us a 161 00:05:59,495 --> 00:06:01,435 a bigger market to to 162 00:06:01,970 --> 00:06:04,790 play in, and we're attracting those bigger surgeons 163 00:06:04,850 --> 00:06:05,589 that now 164 00:06:06,050 --> 00:06:08,229 aren't so against doing surgeries 165 00:06:09,169 --> 00:06:11,029 in our center versus the hospital. 166 00:06:11,810 --> 00:06:13,669 And then as we round out our conversation, 167 00:06:13,970 --> 00:06:16,464 many organizations are exploring new technologies, 168 00:06:17,084 --> 00:06:19,725 partnerships, or care models to improve efficiency and 169 00:06:19,725 --> 00:06:22,384 outcomes. So are there any innovations or initiatives 170 00:06:22,444 --> 00:06:24,064 you found particularly promising? 171 00:06:25,805 --> 00:06:27,714 Probably just like everybody else. I mean, that 172 00:06:27,964 --> 00:06:30,579 there every other word out of anybody's mouth 173 00:06:30,579 --> 00:06:33,000 here at this conference is AI, and, 174 00:06:33,939 --> 00:06:35,939 we've just gotta face the facts. It's here. 175 00:06:35,939 --> 00:06:36,439 So 176 00:06:36,819 --> 00:06:38,819 I'm a little bit of an older guy, 177 00:06:38,819 --> 00:06:39,319 but, 178 00:06:40,180 --> 00:06:41,879 I think the biggest thing for me 179 00:06:42,235 --> 00:06:44,875 going into this is I don't really understand 180 00:06:44,875 --> 00:06:45,775 what it is. 181 00:06:46,634 --> 00:06:48,735 I don't really understand how it works, 182 00:06:49,194 --> 00:06:50,895 and I don't know how much it costs. 183 00:06:51,435 --> 00:06:51,935 So 184 00:06:52,314 --> 00:06:54,415 it's an exact reason to come to conferences 185 00:06:54,475 --> 00:06:55,535 like this. So 186 00:06:56,074 --> 00:06:56,814 I've been in 187 00:06:57,689 --> 00:06:58,910 many, many AI 188 00:06:59,610 --> 00:07:00,509 talks here, 189 00:07:01,129 --> 00:07:02,270 have learned a ton, 190 00:07:03,210 --> 00:07:05,310 have made some connections, and, 191 00:07:06,250 --> 00:07:08,250 AI now is, you know, something you can 192 00:07:08,250 --> 00:07:10,250 look at. It's it's gonna be in every 193 00:07:10,250 --> 00:07:11,870 piece of an operations 194 00:07:12,330 --> 00:07:12,830 perspective, 195 00:07:13,504 --> 00:07:15,985 but most importantly on a payer side. When 196 00:07:15,985 --> 00:07:17,284 we're looking at our 197 00:07:17,824 --> 00:07:19,685 our data for billing, 198 00:07:20,944 --> 00:07:23,104 I can use AI to scrub through that 199 00:07:23,104 --> 00:07:24,485 stuff and just reduce 200 00:07:25,264 --> 00:07:26,944 many human errors. I it 201 00:07:27,770 --> 00:07:29,370 I'm starting to sound like, you know, some 202 00:07:29,370 --> 00:07:31,770 of the the robotic stuff, but, I mean, 203 00:07:31,770 --> 00:07:34,250 it it truly is. And it's not that 204 00:07:34,250 --> 00:07:36,350 I'm gonna get rid of my billing staff. 205 00:07:36,569 --> 00:07:39,069 Those folks are going to manage 206 00:07:39,610 --> 00:07:41,310 the AI within that, 207 00:07:41,770 --> 00:07:42,270 and 208 00:07:43,074 --> 00:07:44,134 allow us to grow. 209 00:07:44,675 --> 00:07:46,454 I don't have to have as many FTEs. 210 00:07:46,675 --> 00:07:47,654 Really, that AI 211 00:07:48,274 --> 00:07:48,774 bot 212 00:07:49,954 --> 00:07:52,834 is a an electronic FTE per se that 213 00:07:52,914 --> 00:07:55,394 that's working twenty four hours a day that 214 00:07:55,394 --> 00:07:57,014 when they come back in, my 215 00:07:57,790 --> 00:08:00,350 director comes back in. She can look back 216 00:08:00,350 --> 00:08:01,569 through the scrub data, 217 00:08:02,350 --> 00:08:04,189 make any corrections that we might need to 218 00:08:04,189 --> 00:08:05,009 do, and 219 00:08:05,310 --> 00:08:07,310 know that we're throwing you know, we're putting 220 00:08:07,310 --> 00:08:08,910 a clean claim in, and it's gonna be 221 00:08:08,910 --> 00:08:09,404 paid. 222 00:08:09,884 --> 00:08:11,485 Well, Sean, thank you for taking the time 223 00:08:11,485 --> 00:08:13,165 to be here today. Is there anything else 224 00:08:13,165 --> 00:08:14,524 you'd like to share that we didn't get 225 00:08:14,524 --> 00:08:15,425 to touch on? 226 00:08:16,204 --> 00:08:18,605 I think we've covered a, a lot. 227 00:08:19,084 --> 00:08:21,964 Honestly, I would say to anybody to use 228 00:08:21,964 --> 00:08:22,704 these conferences 229 00:08:23,620 --> 00:08:25,399 intelligently and and look 230 00:08:25,779 --> 00:08:27,540 it gives us a a peek into the 231 00:08:27,540 --> 00:08:28,040 future, 232 00:08:28,819 --> 00:08:30,740 and what that market is really doing before 233 00:08:30,740 --> 00:08:32,500 it really actually gets here. And you get 234 00:08:32,500 --> 00:08:33,860 to see some of the widgets and play 235 00:08:33,860 --> 00:08:35,080 with them, pick them up, and 236 00:08:35,574 --> 00:08:37,334 it's it's a conference. It's it's what these 237 00:08:37,334 --> 00:08:38,394 are here for. So 238 00:08:38,695 --> 00:08:40,534 spend the money, come out, and there's great 239 00:08:40,534 --> 00:08:43,254 people. It's a great networking opportunity. I've met 240 00:08:43,254 --> 00:08:46,235 many new folks here, and then participate. 241 00:08:47,014 --> 00:08:48,934 Wonderful. Well, thanks so much for joining us 242 00:08:48,934 --> 00:08:51,152 today on the Becker's Healthcare Podcast. Again, we 243 00:08:51,152 --> 00:08:53,332 are live at the twenty second annual Spine 244 00:08:53,472 --> 00:08:55,492 Orthopedic and Pain Management Conference. 245 00:08:55,872 --> 00:08:56,932 Thank you so much.