For suppliers, this means expanding market share and revenue is possible—especially through a targeted orthopedic contracting strategy. Provista, in partnership with Vizient, offers suppliers a direct path to growth through a specialized portfolio built for today’s ASCs.
ASC CHALLENGES ARE COMPOUNDING
While demand is growing, ASCs also face mounting financial challenges. Rising supplyand operational costs and reimbursement issues put pressure on profit margins.
“Freestanding ASCs are reimbursed at a lower rate than hospital-owned facilities, and payors continue to push back on reimbursement models. Operational costs are also higher for orthopedics than for other procedures,” according to Orthoworld. “These factors lead to ASCs facing margin compression challenges just like any other company. They’re looking for ways to improve their profitability.”
At the same time, ASCs are under pressure to provide high-quality, affordable procedures that align with value-based care goals. These facilities require more than just products. They need supply partners that can help them standardize purchasing, reduce product variation and streamline procurement processes.
This is where suppliers play a pivotal role. By participating in Provista’s innovative new orthopedic portfolio, suppliers can help ASCs improve operations, clinical outcomes and financial sustainability while growing their business.