SIR Business Institute
Saturday, March 4, 8:30 a.m. - 5 p.m.Phoenix Convention Center
SIR Business Institute pilot standalone meeting was presented in June 2022. Based on the success and demand of this course Private Practice Advisory Council (PPAC) would like to present this one-day entrepreneurial business symposia at the 2023 SIR Annual Scientific Meeting. A 2022 attendee survey showed the following results:
- 100% of attendees thought SIR Business Institute was useful
- 73% plan to make changes in their professional practice from the new strategies acquired by participating in this course
- 95% of attendees were either satisfied or very satisfied.
There is an increased interest in owning private practices and operating an OBL. Running a successful hospital-based practice requires a different business savvy now than it has in the past. In order to open an OBL or stay at the top of the business game, an entrepreneurial approach to business is a must. The U.S. office-based labs market size was valued at USD 9.6 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 7.46% from 2022 to 2030. The growing trend of surgical procedures being performed in outpatient settings and the rising incidence of various vascular diseases are among the major factors driving the demand for office-based Labs (OBL) in the U.S. In addition, high patient satisfaction with a focused and dedicated team of doctors is expected to boost the market growth. The prevalence of vascular diseases in the U.S. is increasing. As per an AHA article published in June 2021, the prevalence of Peripheral Arterial Disease (PAD) was 7%, affecting approximately 8.5 million adults in the U.S.
Upon completion of this course, an attendee should be able to:
- Develop an entrepreneurial approach to a current business model.
- Participate in a ‘masterclass’ in various business-related fields.
- Learn about how to shift thinking to a successful growth-related approach to business.
|Mary Costantino, MD, FSIR
Medical Director, Advanced Vascular Centers
|Allan Hoffman, MD
President, Commonwealth Radiology Associates
Nov. 1 - Jan. 13
Jan. 14 - Onsite
|Time (all times local)
|8:30 - 8:45 a.m.
|8:45 - 9:30 a.m.
||Private Equity – Consultants (Pros and cons)
|9:30 - 10:15 a.m.
||HR – Hiring the right partners, associates
|10:15 - 10:30 a.m.
|10:30 - 11:15 a.m.
|11:15 a.m. - noon
|Noon - 1 p.m.
||Lunch Session – Case studies
- Panel discussion around setting up your OBL/ASC from start to finish that would focus on operational, business, and legal considerations.
- Fraud and abuse issues applicable to OBL/ASC ownership and operations
|1 - 1:45 p.m.
||Billing, insurance contracting
|1:45 - 2 p.m.
|2 - 2:45 p.m.
||Optimizing IR revenue cycle performance, billing, and insurance contracting
|2:45 - 3:30 p.m.
||EHR and practice operating platforms
|3:30 - 4:15 p.m.
||Social media and cyber security
|4:15 - 5 p.m.
||Questions and answers
*For further questions, please contact Wafa Khan, MFA, MHA, manager of practice development and operations.
Learn more about SIR's IR Business Center.
This activity has been planned and implemented in accordance with the Essentials and Standards of the Accreditation Council for Continuing Medical Education (ACCME). The Society of Interventional Radiology (SIR) is accredited by the ACCME to provide medical education for physicians.
SIR designates this live activity for a maximum of XXX
) AMA PRA Category 1 Credits™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.