Becker's Healthcare May 19, 2023
In an increasingly consolidating industry, ASCs must remain sharply focused on cost containment, according to Raghu Reddy, chief administrative officer of Cumberland-based SurgCenter of Western Maryland.
Mr. Reddy spoke with Becker’s about his biggest cost-cutting tactics.
Editor’s note: This response was edited lightly for brevity and clarity.
Question: What are some cost-cutting tactics you recommend?
Raghu Reddy: Whether you’re losing money on the revenue side because of reimbursements issues or not, I think any ASC should absolutely not leave any penny on the table. I personally operate under the assumption that a penny saved is a penny earned.
I think most agencies should focus on their high-cost areas and go after them because 20 percent of...
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