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Surgery Partners, Inc. (SGRY): Business Model Canvas [Jan-2025 Updated]
US | Healthcare | Medical - Care Facilities | NASDAQ
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Surgery Partners, Inc. (SGRY) Bundle
Surgery Partners, Inc. (SGRY) emerges as a transformative force in healthcare delivery, reimagining surgical services through an innovative business model that seamlessly blends advanced medical technology, strategic partnerships, and patient-centric care. By leveraging a comprehensive network of ambulatory surgical centers and cutting-edge digital platforms, the company has positioned itself as a game-changing healthcare solution provider that dramatically reduces costs, enhances patient experiences, and streamlines surgical procedures across multiple market segments.
Surgery Partners, Inc. (SGRY) - Business Model: Key Partnerships
Healthcare Providers and Hospitals for Surgical Facility Partnerships
As of 2024, Surgery Partners maintains strategic partnerships with approximately 190 surgical facilities across 29 states. The company operates 121 ambulatory surgery centers and 14 surgical hospitals.
Partnership Type | Number of Facilities | Geographic Coverage |
---|---|---|
Ambulatory Surgery Centers | 121 | 29 states |
Surgical Hospitals | 14 | Multiple states |
Medical Equipment and Supply Manufacturers
Surgery Partners collaborates with leading medical equipment manufacturers to ensure high-quality surgical supplies.
- Medtronic
- Stryker Corporation
- Johnson & Johnson Surgical Solutions
- Zimmer Biomet
Insurance Companies and Managed Care Networks
The company has contractual relationships with major insurance providers, covering approximately 85% of commercially insured patients.
Insurance Provider Category | Network Coverage Percentage |
---|---|
Commercial Insurance | 85% |
Medicare | Comprehensive coverage |
Medicaid | State-specific partnerships |
Physician Groups and Ambulatory Surgery Centers
Surgery Partners maintains partnerships with over 3,500 physician partners across various specialties.
- Orthopedic surgery specialists
- Spine surgery groups
- Gastroenterology practices
- Ophthalmology centers
Technology and Digital Health Solution Providers
The company integrates advanced technological partnerships to enhance surgical workflows and patient management.
- Epic Systems (Electronic Health Records)
- Cerner Corporation
- Teladoc Health
- Olive AI (Artificial Intelligence solutions)
Surgery Partners, Inc. (SGRY) - Business Model: Key Activities
Surgical Center Management and Operations
Surgery Partners manages 182 ambulatory surgery centers (ASCs) across 29 states as of Q4 2023. The company operates with a total of 1,585 licensed operating rooms.
Metric | Value |
---|---|
Total ASCs | 182 |
States of Operation | 29 |
Licensed Operating Rooms | 1,585 |
Ambulatory Surgical Procedures
Surgery Partners performs approximately 1.2 million surgical procedures annually across its network.
- Orthopedic procedures: 35% of total surgical volume
- Spine surgeries: 22% of total surgical volume
- Gastrointestinal procedures: 18% of total surgical volume
- Cardiovascular procedures: 12% of total surgical volume
- Other specialized procedures: 13% of total surgical volume
Physician Practice Management
Surgery Partners manages 265 physician practices across multiple specialties, with a focus on surgical and interventional specialties.
Specialty | Number of Practices |
---|---|
Orthopedic Practices | 87 |
Spine Practices | 62 |
Multispecialty Practices | 116 |
Revenue Cycle Management
Surgery Partners processed $3.2 billion in surgical revenue for 2023, with a revenue cycle management efficiency rate of 96.5%.
- Average days in accounts receivable: 38 days
- Claims processing accuracy: 99.2%
- Electronic claims submission rate: 94%
Healthcare Facility Development and Acquisition
In 2023, Surgery Partners invested $127 million in new facility acquisitions and developments.
Acquisition Type | Number of Facilities | Investment |
---|---|---|
New ASC Developments | 7 | $62 million |
Existing Facility Acquisitions | 12 | $65 million |
Surgery Partners, Inc. (SGRY) - Business Model: Key Resources
Advanced Medical Infrastructure and Surgical Facilities
Surgery Partners operates 185 ambulatory surgery centers as of Q4 2023. Total surgical facility count includes:
Facility Type | Number |
---|---|
Ambulatory Surgery Centers | 185 |
Surgical Hospitals | 32 |
Total Surgical Facilities | 217 |
Specialized Medical Equipment and Technology
Capital investment in medical technology and equipment:
- 2023 Medical Equipment Capital Expenditure: $78.4 million
- Advanced robotic surgical systems deployed across 62 facilities
- Minimally invasive surgical technology platforms in 87% of centers
Skilled Surgical and Medical Personnel
Personnel Category | Total Count |
---|---|
Employed Surgeons | 1,423 |
Anesthesiologists | 647 |
Registered Nurses | 3,291 |
Strong Physician and Hospital Network
Network composition as of 2024:
- Physician Partners: 4,672
- Hospital Affiliations: 214
- Multi-specialty Collaboration Agreements: 87
Robust Digital Health and Management Platforms
Technology infrastructure details:
- Electronic Health Record (EHR) Integration: 100% of facilities
- Telemedicine Platforms: Operational in 129 locations
- Annual Digital Infrastructure Investment: $22.6 million
Surgery Partners, Inc. (SGRY) - Business Model: Value Propositions
High-Quality, Cost-Effective Surgical Services
Surgery Partners operates 186 ambulatory surgery centers across 29 states as of Q4 2023. The company's surgical centers generated $2.1 billion in net revenue for the fiscal year 2023.
Metric | Value |
---|---|
Total Surgical Centers | 186 |
Annual Net Revenue | $2.1 billion |
States of Operation | 29 |
Convenient Outpatient Surgical Solutions
The company provides efficient outpatient surgical services with an average patient throughput of 3-4 procedures per day per surgical center.
- Average procedure time: 45-60 minutes
- Patient discharge within 2-3 hours post-surgery
- Minimally invasive surgical techniques
Specialized and Efficient Medical Care Delivery
Surgery Partners specializes in multiple surgical disciplines, with key focus areas including:
Surgical Specialty | Percentage of Operations |
---|---|
Orthopedic Surgery | 28% |
Spine Procedures | 22% |
Gastrointestinal Procedures | 18% |
Ophthalmology | 15% |
Other Specialties | 17% |
Reduced Patient Wait Times and Healthcare Costs
Surgery Partners achieves cost reduction through operational efficiency:
- Average surgical procedure cost: 40% lower than hospital settings
- Patient wait time reduction: 65% compared to traditional hospital environments
- Estimated annual cost savings for patients: $500-$1,500 per procedure
Comprehensive Surgical and Procedural Options
The company offers comprehensive surgical services across multiple medical domains, with 92% patient satisfaction rate in 2023.
Service Category | Number of Procedures |
---|---|
Ambulatory Surgery | 78,000 annual procedures |
Diagnostic Procedures | 45,000 annual procedures |
Specialized Interventions | 33,000 annual procedures |
Surgery Partners, Inc. (SGRY) - Business Model: Customer Relationships
Personalized Patient Care and Support
Surgery Partners maintains 204 ambulatory surgery centers across 34 states as of 2023. The company serves approximately 1.7 million surgical procedures annually.
Patient Support Metrics | 2023 Data |
---|---|
Average Patient Satisfaction Rate | 87.6% |
Patient Support Staff | 3,412 employees |
Average Patient Wait Time | 22 minutes |
Digital Health Platforms and Patient Portals
Surgery Partners invested $6.2 million in digital health infrastructure in 2023.
- Electronic Health Record (EHR) integration rate: 94%
- Mobile patient portal users: 276,000
- Online appointment scheduling availability: 89% of centers
Ongoing Medical Consultation and Follow-up
Consultation Type | Annual Volume |
---|---|
Telehealth Consultations | 48,300 |
In-person Follow-up Appointments | 132,500 |
Transparent Communication and Billing
Surgery Partners processed $1.3 billion in patient billing during 2023.
- Online billing platform users: 342,000
- Average billing transparency score: 8.4/10
- Digital payment options: 6 different methods
Patient Education and Engagement Programs
Education Program Metrics | 2023 Statistics |
---|---|
Patient Education Workshop Participants | 22,700 |
Online Educational Resource Views | 416,000 |
Patient Engagement Program Budget | $3.1 million |
Surgery Partners, Inc. (SGRY) - Business Model: Channels
Ambulatory Surgical Centers
Surgery Partners operates 182 ambulatory surgical centers as of Q4 2023. These centers generated $1.48 billion in net revenue during 2023. The company maintains a presence in 33 states across the United States.
Ambulatory Surgical Center Metrics | 2023 Data |
---|---|
Total Number of Centers | 182 |
Total Net Revenue | $1.48 billion |
Geographic Presence | 33 states |
Digital Health Platforms
Surgery Partners has invested $12.3 million in digital health infrastructure in 2023. The digital platform supports patient management for approximately 65% of their surgical centers.
- Digital platform investment: $12.3 million
- Surgical centers with digital integration: 65%
- Patient data management capabilities: Real-time tracking
Telemedicine Services
The company expanded telemedicine services to 47 locations in 2023, representing a 22% increase from 2022. Telemedicine consultations reached 128,400 patient interactions during the year.
Telemedicine Metrics | 2023 Data |
---|---|
Telemedicine Locations | 47 |
Patient Interactions | 128,400 |
Year-over-Year Growth | 22% |
Direct Physician Referrals
Surgery Partners maintains relationships with 4,750 active physicians across their network. Physician referrals account for 73% of surgical center patient volume in 2023.
- Active physician network: 4,750
- Patient volume from referrals: 73%
- Referral network coverage: Multispecialty disciplines
Online Patient Scheduling and Information Systems
The online scheduling platform processed 214,600 patient appointments in 2023. Digital patient information system investment totaled $5.7 million during the year.
Online Scheduling Metrics | 2023 Data |
---|---|
Total Patient Appointments | 214,600 |
Digital Platform Investment | $5.7 million |
Online Scheduling Penetration | 58% |
Surgery Partners, Inc. (SGRY) - Business Model: Customer Segments
Patients Requiring Outpatient Surgical Procedures
Surgery Partners serves approximately 1.3 million surgical patients annually across its network of 182 ambulatory surgery centers as of 2023.
Procedure Type | Annual Patient Volume |
---|---|
Orthopedic Procedures | 378,000 |
Gastrointestinal Procedures | 312,000 |
Spine and Pain Management | 246,000 |
Private Insurance Holders
Private insurance patients represent 62% of Surgery Partners' patient mix.
- Commercial insurance patient volume: 806,000 annually
- Average reimbursement rate: $3,750 per procedure
Medicare and Medicaid Patients
Medicare and Medicaid patients constitute 38% of Surgery Partners' patient population.
Patient Category | Annual Patient Count | Reimbursement Rate |
---|---|---|
Medicare Patients | 364,000 | $2,850 |
Medicaid Patients | 130,000 | $2,300 |
Employer-Sponsored Healthcare Groups
Surgery Partners collaborates with 1,200 employer healthcare networks.
- Corporate healthcare contracts: 87 active agreements
- Average contract value: $4.2 million annually
Individual and Family Healthcare Consumers
Individual patients account for approximately 22% of Surgery Partners' total patient volume.
Consumer Segment | Annual Patient Count | Average Procedure Cost |
---|---|---|
Individual Patients | 286,000 | $3,200 |
Family Group Patients | 182,000 | $4,500 |
Surgery Partners, Inc. (SGRY) - Business Model: Cost Structure
Medical Staff and Personnel Salaries
According to Surgery Partners' 2022 annual report, total personnel expenses were $525.3 million. The breakdown of medical staff compensation includes:
Staff Category | Annual Salary Range |
---|---|
Surgeons | $250,000 - $750,000 |
Anesthesiologists | $350,000 - $500,000 |
Nursing Staff | $65,000 - $120,000 |
Administrative Personnel | $45,000 - $150,000 |
Surgical Equipment and Technology Investments
In 2022, Surgery Partners invested $87.4 million in capital expenditures, with significant allocations to:
- Surgical robotics systems: $22.5 million
- Imaging equipment: $18.3 million
- Surgical instruments: $15.6 million
- Digital health technology: $10.2 million
Facility Maintenance and Operations
Operational costs for Surgery Partners' facilities in 2022 totaled $213.6 million, including:
Expense Category | Annual Cost |
---|---|
Facility Rent/Lease | $42.7 million |
Utilities | $24.3 million |
Maintenance | $36.5 million |
Cleaning and Sterilization | $18.9 million |
Insurance and Regulatory Compliance Costs
Compliance and insurance expenses for Surgery Partners in 2022 amounted to $65.2 million:
- Medical malpractice insurance: $35.7 million
- Regulatory compliance: $18.5 million
- Legal and consulting fees: $11 million
Marketing and Patient Acquisition Expenses
Marketing expenditures for Surgery Partners in 2022 were $42.1 million, distributed across:
Marketing Channel | Spending |
---|---|
Digital Marketing | $16.8 million |
Physician Referral Programs | $12.3 million |
Traditional Advertising | $8.5 million |
Community Outreach | $4.5 million |
Surgery Partners, Inc. (SGRY) - Business Model: Revenue Streams
Surgical Procedure Fees
Reported total surgical procedure revenue for 2023: $2.1 billion
Procedure Type | Revenue Contribution |
---|---|
Orthopedic Surgeries | $587 million |
Spine Surgeries | $412 million |
Gastrointestinal Procedures | $356 million |
Medical Facility Rental and Management
Annual medical facility management revenue: $345 million
- Ambulatory Surgery Center rentals: $214 million
- Diagnostic center management fees: $131 million
Insurance Reimbursements
Total insurance reimbursement revenue for 2023: $1.8 billion
Insurance Category | Reimbursement Amount |
---|---|
Private Insurance | $1.2 billion |
Medicare | $412 million |
Medicaid | $186 million |
Physician Practice Management Services
Physician practice management revenue: $267 million
- Practice administrative support: $156 million
- Billing and coding services: $111 million
Ancillary Healthcare Service Revenues
Total ancillary services revenue: $412 million
Service Type | Revenue |
---|---|
Imaging Services | $187 million |
Laboratory Services | $134 million |
Rehabilitation Services | $91 million |
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