Jason Richardson is the CEO of Boulder, Colo.-based Gastroenterology of the Rockies. Mr. Richardson spoke with Becker’s ASC Review about the influx of private equity in the ASC industry and how he thinks President Joe Biden’s $1.9 trillion COVID-19 relief law, dubbed the American Rescue Plan, could help ASCs.
Question: Is private equity investment good or bad for ASCs? Why?
Jason Richardson: There are tradeoffs with private equity investment in healthcare. The good is that it will accelerate transition of procedures from hospitals to the lower-cost ASCs by infusing capital investments into ASC development.