ValueHealth®, LLC, the nationally recognized leader in Ambulatory Centers of Excellence (ACE)™, today announced an equity partnership in Gramercy Surgery Center, a leading multispecialty ambulatory surgery center (ASC) operator in the state of New York. This strategic partnership will meet the demands of the New York market by expanding access to value-based surgical care in an affordable, trusted outpatient setting.
This new value-based partnership will connect Gramercy Surgery Center to ValueHealth’s national network of high-performance surgical facilities. As a result, the partnership will form New York City’s first focused ASC network for implementing successful value-based surgical care inclusive of bundled payment programs with a warranty. A dramatic shift from the region’s traditional fee-for-service payment models, this newly formed value-based ASC network aligns with the needs of employers and consumers in the region seeking the highest quality care at the greatest value.
“Our partnership is centered around growth and transformation,” says ValueHealth CEO, Don Bisbee. “We have the proven ability to deliver superior clinical outcomes by focusing on the satisfaction of both our patients and clinical care teams. We do this through the intentional design of our surgical care pathways and value-based payment model to maximize efficiencies within the ASC space. Gramercy’s demonstrated commitment to delivering a quality surgical experience to their patients and physicians is what makes them the right partner for ValueHealth.”
Ranked by Newsweek as the #1 and #2 ASC in New York in 2021, Gramercy Surgery Center currently has locations in Manhattan and Queens, with additional locations under evaluation. In addition, ValueHealth and Gramercy Surgery Center have begun planning for future surgery center locations throughout the larger New York City area.
“Our partnership with ValueHealth is the first of its kind in New York,” says Gramercy Surgery Center CEO, Austin Cheng. “Our focus on the satisfaction of both patients and surgeons has always been the driving force of our business and sets Gramercy apart from other ASCs. Now, with this partnership, we are building upon that mission with an explicit focus on lowering the overall cost of surgical care in our market – all while continuing to improve clinical outcomes. As industry leaders, we are excited to offer our customers an innovative approach to outpatient care by bringing more accessible value-based surgical care to our region. This sustainable solution will serve our New York communities and drive system-wide changes to how healthcare is delivered and consumed.”