Robert Bray Jr., MD, has big plans for the practice he founded, Newport Beach, Calif.-based DISC Sports and Spine Center, now that it has private equity backing.
He spoke about the three facets that will help scale and grow DISC on the "Becker's Healthcare Spine and Orthopedic" podcast.
This is an excerpt. Listen to the full episode here.
Question: What does the deal with Trias Global and Chicago Pacific Founders mean for the practice?
Dr. Robert Bray: It's been an exciting few months. We just completed our deal with Chicago Pacific founders as a new expansion model. I think it's interesting and gives us a lot of opportunity for future ventures. The basis was we took everything that DISC has learned over the last number of years, being in the outpatient market for more than 22 years, and created a new model, which we're calling Trias Global.
It has three components. First, it's creating all the outpatient high acuity spine into a global billing event. We're taking and wrapping everything that happens for the event of care into one piece. That's allowing a great deal of cost efficiency on the site of service reallocation or moving things from the hospital to the outpatient center, which I've been a champion of. [Second], it looks at a new way of analytics, which we're looking at for quality assurance, and we needed to do this in order to be able to create a replicable situation. We've created an analytic model that looks at things a little differently. We're looking at decision-making, what choice of procedure that's done across the board by cost efficiency and linking it into patient-derived outcomes. So we're basically getting down to are the physicians making a good choice? Are they getting good outcomes? Is that saving money to the system? The third is that it looks at the entire management or creating a musculoskeletal management company.
It's a big venture and we're very excited to be partnering with Chicago Pacific Founders on this because they provide a huge input of business expertise and reach into the payers to understand what they need and why and the capital in order to accomplish the project.