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To learn 13 00:00:30,649 --> 00:00:33,009 more, visit carecredit.com 14 00:00:33,009 --> 00:00:34,789 forward slash beckerspodcast. 15 00:00:35,409 --> 00:00:37,409 This is Gracelyn Keller with the Becker's Healthcare 16 00:00:37,409 --> 00:00:39,570 Podcast, and we're recording live at the thirty 17 00:00:39,570 --> 00:00:42,149 first annual business and operations of ASCs. 18 00:00:42,655 --> 00:00:44,574 I'm currently joined by doctor Michael Redler who 19 00:00:44,574 --> 00:00:46,994 is an orthopedic surgeon at Connecticut Orthopaedics. 20 00:00:47,854 --> 00:00:49,934 Thanks for joining me today. To have us 21 00:00:49,934 --> 00:00:51,215 kick off, can you please share a little 22 00:00:51,215 --> 00:00:52,574 bit more about yourself and your work in 23 00:00:52,574 --> 00:00:55,054 the ASC space? Sure. Grace, always great to 24 00:00:55,054 --> 00:00:56,820 see you. You do a fabulous job. I'm 25 00:00:56,820 --> 00:00:59,619 Michael Redler. I'm an orthopedic surgeon at Kinetic 26 00:00:59,619 --> 00:01:00,119 Orthopedics. 27 00:01:00,579 --> 00:01:03,640 I specialize in sports medicine, upper extremity surgery. 28 00:01:04,420 --> 00:01:06,500 I am the medical director of the surgery 29 00:01:06,500 --> 00:01:09,079 center of Fearful County, so that ambulatory center. 30 00:01:09,375 --> 00:01:12,415 I do teach, medical students from, Frank Netter 31 00:01:12,415 --> 00:01:14,974 School of Medicine at Quinnipiac University and also 32 00:01:14,974 --> 00:01:17,135 the Yale School of Medicine. They're PA students, 33 00:01:17,135 --> 00:01:18,334 and I also do a lot of medical 34 00:01:18,334 --> 00:01:20,435 mission work in Honduras with One World Surgery. 35 00:01:20,734 --> 00:01:23,040 Wonderful. Well, thanks for being here. And let's 36 00:01:23,040 --> 00:01:25,780 start our conversation talking about the ASC market. 37 00:01:26,000 --> 00:01:28,000 In The US, this is projected to reach 38 00:01:28,000 --> 00:01:29,359 $60,800,000,000 39 00:01:29,359 --> 00:01:31,920 by 2030 and continues to experience strong year 40 00:01:31,920 --> 00:01:34,479 over year growth. So from your perspective, what 41 00:01:34,479 --> 00:01:36,799 is the most significant trend in market forces 42 00:01:36,799 --> 00:01:39,295 driving this expansion, and how should ASC leaders 43 00:01:39,295 --> 00:01:40,435 be preparing today? 44 00:01:41,055 --> 00:01:44,174 So ASCs have become more mainstream. And part 45 00:01:44,174 --> 00:01:45,614 of the reason that they're gonna be a 46 00:01:45,614 --> 00:01:48,015 high quality, lower cost alternative, we all know 47 00:01:48,015 --> 00:01:50,194 this. This is not anything that is new. 48 00:01:50,415 --> 00:01:52,415 But what is new is our ability to 49 00:01:52,415 --> 00:01:55,230 do more and more high acuity cases at 50 00:01:55,230 --> 00:01:56,370 these surgical centers. 51 00:01:56,670 --> 00:01:59,549 It offers patients the convenience of recovering at 52 00:01:59,549 --> 00:02:01,710 home. It offers a lower cost for the 53 00:02:01,710 --> 00:02:03,890 insurance company, and with skyrocketing 54 00:02:04,270 --> 00:02:06,109 health care costs. This is just a natural 55 00:02:06,109 --> 00:02:06,609 segue. 56 00:02:07,495 --> 00:02:07,995 Absolutely. 57 00:02:08,375 --> 00:02:11,435 And from AI robotic surgeries to advanced EHR 58 00:02:11,495 --> 00:02:11,995 systems, 59 00:02:12,294 --> 00:02:14,455 technology remains both a make or break factor 60 00:02:14,455 --> 00:02:16,694 and a critical driver of ASC operations at 61 00:02:16,694 --> 00:02:18,615 scale. So how do you see deeper tech 62 00:02:18,615 --> 00:02:21,335 integration shaping the way ASCs deliver care and 63 00:02:21,335 --> 00:02:23,430 manage their business over the next few years? 64 00:02:24,129 --> 00:02:26,610 So at this meeting at Becker's health care 65 00:02:26,610 --> 00:02:28,689 meeting right now, AI has been the hot 66 00:02:28,689 --> 00:02:30,930 topic. I suspect it's probably a hot topic 67 00:02:30,930 --> 00:02:33,590 no matter where you go, and it's penetrating 68 00:02:33,730 --> 00:02:35,969 further and further into the health care market 69 00:02:35,969 --> 00:02:37,909 to create greater levels of efficiency. 70 00:02:38,224 --> 00:02:40,465 So that's a technology that's important. Frankly, the 71 00:02:40,465 --> 00:02:42,944 other technology that's really important is the advanced 72 00:02:42,944 --> 00:02:44,944 techniques that we now have for greater patient 73 00:02:44,944 --> 00:02:48,224 comfort. And those greater patient comfort options will 74 00:02:48,224 --> 00:02:50,145 allow for those higher acuity cases to be 75 00:02:50,145 --> 00:02:52,385 done, patients to be comfortable. And I would 76 00:02:52,385 --> 00:02:52,885 suspect 77 00:02:53,290 --> 00:02:54,030 and suggest 78 00:02:54,409 --> 00:02:57,050 that that technology is almost as important as 79 00:02:57,050 --> 00:02:58,830 the AI right now. Absolutely. 80 00:02:59,610 --> 00:03:02,189 And then with 60% of health systems considering 81 00:03:02,330 --> 00:03:05,210 ASC joint ventures and many ASCs already partnering 82 00:03:05,210 --> 00:03:06,750 with systems in their communities, 83 00:03:07,215 --> 00:03:09,534 what opportunities do you see for collaboration, whether 84 00:03:09,534 --> 00:03:12,014 that's with other providers or vendors, to strengthen 85 00:03:12,014 --> 00:03:15,055 patient care and operational efficiency? So I think 86 00:03:15,055 --> 00:03:17,455 they're seeing in every market, including in ours, 87 00:03:17,455 --> 00:03:20,754 we now our center partners with Hartford HealthCare. 88 00:03:21,020 --> 00:03:22,540 And it's interesting. There's a lot of health 89 00:03:22,540 --> 00:03:25,680 care systems out there. Hartford HealthCare actually delivered 90 00:03:25,740 --> 00:03:27,740 what they said they were going to. They 91 00:03:27,740 --> 00:03:30,400 improved the rates for the ambulatory surgical center. 92 00:03:30,540 --> 00:03:33,180 They offloaded some of their lower acuity cases 93 00:03:33,180 --> 00:03:35,199 from the hospital to the surgical center. 94 00:03:35,694 --> 00:03:37,534 They took some of their employed physicians and 95 00:03:37,534 --> 00:03:39,074 allowed them to do cases there, 96 00:03:39,694 --> 00:03:43,055 and they benefit from a great place for 97 00:03:43,055 --> 00:03:44,814 patients to do surgery. So it became a 98 00:03:44,814 --> 00:03:45,794 win win situation. 99 00:03:46,735 --> 00:03:48,414 And doctor Redler, is there anything else we 100 00:03:48,414 --> 00:03:50,014 didn't touch on or any final thoughts you'd 101 00:03:50,014 --> 00:03:51,870 like to share as we wrap the conversation? 102 00:03:52,409 --> 00:03:54,250 You know, I think, Grace, that what I 103 00:03:54,250 --> 00:03:56,090 said before is important. To me, one of 104 00:03:56,090 --> 00:03:58,090 the biggest drivers that allows us to do 105 00:03:58,090 --> 00:04:00,170 these cases at the surgical center was patient 106 00:04:00,170 --> 00:04:02,330 comfort. And no matter what you do with 107 00:04:02,330 --> 00:04:04,730 the pyramid of importance, the patient is always 108 00:04:04,730 --> 00:04:06,270 gonna be at the peak of the pyramid. 109 00:04:06,615 --> 00:04:07,354 And with 110 00:04:08,215 --> 00:04:08,875 new technologies 111 00:04:09,175 --> 00:04:11,115 coming out, there is a bupivacaine 112 00:04:11,655 --> 00:04:13,895 insert for total knees that Olay is coming 113 00:04:13,895 --> 00:04:16,475 out. There is gait science where they're neuromodulation 114 00:04:17,014 --> 00:04:19,660 in conjunction with nerve blocks. We can do 115 00:04:19,660 --> 00:04:22,800 longer cases. We can bridge that therapeutic gap, 116 00:04:22,860 --> 00:04:24,459 and this is gonna be of great benefit 117 00:04:24,459 --> 00:04:25,919 to patients. And 118 00:04:26,220 --> 00:04:27,579 that'll allow us to do more cases at 119 00:04:27,579 --> 00:04:29,919 center. It's a win win situation once again. 120 00:04:30,139 --> 00:04:32,139 Awesome. Well, thank you so much for joining 121 00:04:32,139 --> 00:04:34,539 me today on the Becker's Healthcare Podcast. Again, 122 00:04:34,539 --> 00:04:36,324 we are recording live at the thirty first 123 00:04:36,324 --> 00:04:38,584 annual business and operations of ASCs. 124 00:04:39,204 --> 00:04:40,805 Grace. Always great to see you. You do 125 00:04:40,805 --> 00:04:42,665 a fabulous job. Thank you.