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Declare Your Independence with DocCentric

Why-DocCentric-Dr

Declare Your Independence with DocCentric

Physicians report that operating a private practice provides professional satisfaction and autonomy. However, the transition to an ambulatory surgery center (ASC) seems daunting.

DocCentric utilizes a streamlined path and process. Our model provides an alternative to joint ventures with hospitals and management companies. We’re here for you from site selection to marketing (and everything in between).

The DocCentric purpose: Helping you stay at the center of healthcare.

Our primary purpose is to help physicians forge a career that is clinically challenging, financially rewarding and fun.

– Teri Yates, President of DocCentric

Joint Ventures

There are two options when determining how to structure your ASC — own it yourself or go into a joint venture with a hospital/health system or with a management company.

When you own the entity, you have complete authority to make patient care decisions. Remove the red tape and bureaucracy. Control hiring, equipment and suppliers without sharing the profits from all your hard work.

We know you don’t want to be ensnared in long-term contracts. So DocCentric provides an attractive alternative to the typical industry 7- to 10-year partnership agreements that require a 51% ownership stake. And you can avoid the joint venture management & billing contracts that take a percentage of your profits into perpetuity.

With DocCentric, you’re at the center of the decision making and you set the timelines. You can choose an a la carte model or shorter management and billing contracts. We can work with you from start to finish. Or just assist you during certain project phases.

Get a bigger return on investment (from your time, energy and expertise).

An Example Comparison

Independent Ownership – Three Year Exit

Year OneYear TwoYear Three
Revenue$8,000,000$10,000,000$12,000,000
Operating Expenses$6,240,000$7,600,000$8,880,000
EBITDA$1,760,000$2,400,000$3,120,000
Sources of Capital for Development, Construction, Equipment, and Working Capital
Equity from Physician Investors$1,000,000
Debt Financed by the Entity at Bank Rates$5,450,000
(Debt is guaranteed by the physicians)
(Debt is guaranteed by the physicians)
Debt Service Payments$382,322$382,322$382,322
Annual Income After Debt Service
$1,377,678$2,017,678$2,737,678
Return on Investment138%340%613%
Physicians
Three Year Income Total$6,133,034
Entity Value on a 7X EBITDA Multiple$21,840,000
Earnback Period on
Original Investment
Less Than 1 Year
Return on Investment Including Exit2288%
Net Proceeds at Exit$16,744,664
Independent-Ownership-Numbers

Joint Venture with ASC Management Company – Three Year Exit

Year OneYear TwoYear Three
Revenue$8,000,000$10,000,000$12,000,000
Operating Expenses$6,240,000$7,600,000$8,880,000
EBITDA$1,760,000$2,400,000$3,120,000
Sources of Capital for Development, Construction, Equipment, and Working Capital
Equity from Physician Investors - 49%$490,000
Equity from Management Co. - 51%$510,000
Debt Financed by the Management Co.$5,450,000
(Debt is guaranteed by the physicians)
Debt Service Payments$1,760,000$2,400,000$1,699,628
Annual Income After Debt Service$0$0$1,420,372
Return on Investment0%0%142%
PhysiciansManagement Co.
Three Year Income Total$695,982$724,390
Entity Value on a 7X EBITDA Multiple$10,701,600$11,138,400
Earnback Period on
Original Investment
Approx. 2.5 YearsApprox. 2.5 Years
Return on Investment Including Exit2326%2326%
Net Proceeds at Exit$10,701,600$11,138,400
Joint-Venture-ASC-Management

The bottom line is that you’re in control.

Take the next step to your independence.

Our team is ready to help you start your ASC. Complete the form to bring your vision to reality.

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Contact

501 W. Schrock Rd., Suite 405
Westerville, OH 43081

info@doccentricasc.com
740.258.0982

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