TriasMD

What TriasMD does

TriasMD is a Newport Beach, California-based musculoskeletal healthcare management company that operates as the parent entity of the DISC Surgery Centers network. Founded in partnership with private equity firm Chicago Pacific Founders in January 2022 (with the underlying DISC operating platform originating in 2006), the company aligns physicians, ambulatory surgery centers (ASCs), and care pathways to enable high-acuity spine, joint, and musculoskeletal procedures in outpatient settings that historically would have required hospital admission. Its core capability is a clinically integrated care pathway and quality framework, refined over 15+ years, that supports minimally invasive and motion-preserving procedures (including 360-degree fusions and artificial disc replacement) with documented outcomes such as zero hospital transfers across large case series and a 98% patient Net Promoter Score.

The company owns and operates eight ambulatory surgery centers (seven in California — Newport Beach, Marina del Rey, Carlsbad, Thousand Oaks, Valencia, Walnut Creek, and Tarzana — and one in Florida at West Palm Beach as of June 2026), alongside four DISC Clinic locations providing consultations and non-surgical care. The platform combines ASC operations, a network quality monitoring and analytics layer, physician partnership and mentorship programs, payer network alignment, and health system site-of-service migration services. Technology assets include surgical robotics, imaging guidance, and navigation equipment across facilities. Acquisitions of existing ASCs (Gateway 2023, Pinnacle 2023, Thousand Oaks 2024) and greenfield builds (Marina del Rey rebuild, Tarzana, Palm Beach) have driven footprint expansion, with the model targeting a 50-70% reduction in total episode-of-care cost vs. inpatient hospital settings.

TriasMD generates revenue through ownership and operation of ASCs (managed services across facilities, payers, and physician partnerships) and is pursuing a multi-state expansion model seeded by Chicago Pacific Founders capital. Customer segments are primarily commercial payers seeking lower-cost sites of service, affiliated spine/orthopedic/pain physicians in a referral network of 150+ practitioners, and health systems collaborating on outpatient program design. New executive leadership was appointed in June 2026 (CEO Lee Levanduski, COO Andrew Nice, CFO Mike Lembo) to scale the platform, with growth concentrated in the U.S. outpatient spine market projected to grow at 15.7% annually within a U.S. ASC market expanding from $45.6B (2024) to $55.3B (2029).

Name

TriasMD

Legal name

TriasMD

Website

https://triasmd.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

TriasMD is a Newport Beach-based musculoskeletal healthcare management company operating eight DISC Surgery Centers across California and Florida. It aligns physicians, ASCs, and payers to deliver complex spine, joint, and orthopedic procedures in outpatient settings at materially lower cost than hospital-based care.

Ownership category

akta.pro rank

Product category

Ambulatory Surgery Services

SIC

Services-Health Services (8000), Services-Offices & Clinics Of Doctors Of Medicine (8011)

akta.pro primary industry

Orthopedic & Spine Surgery Centers (HLAFAIAG)

akta.pro secondary industries

Multi-Specialty Ambulatory Surgery Centers (ASCs) (HLAFAIAA), Orthopedic & Spine Specialty Hospitals (HLAFAHAB)

Keywords

• Ambulatory surgery centers
• Outpatient spine surgery
• Musculoskeletal care
• Orthopedic ASC services
• Minimally invasive surgery

Headquarters

HQ city

Newport Beach

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Ambulatory Surgery Center Operations: TriasMD generates revenue through ownership and operation of ambulatory surgery centers (ASCs) specializing in spine, joint, and musculoskeletal procedures. The company serves as managing partner or majority owner of DISC Surgery Centers, providing operational infrastructure, quality frameworks, and payer alignment.
2. Physician Partnership and Practice Integration: Revenue generated through partnership models with physicians and practices, providing infrastructure for quality, patient experience, and team development. Includes surgeon mentorship, network collaboration, and partnership models that recognize physician leadership.
3. Payer Network Services: TriasMD works with payers (insurance companies) on network participation, site-of-service optimization, and value-based care initiatives. The company aligns physicians, facilities, and care pathways to deliver consistent performance at scale, reducing total cost of care through site-of-service strategy.
4. Health System Partnerships: Collaborative partnerships with health systems and hospitals for responsible migration of appropriate spine, joint, and musculoskeletal cases to outpatient settings. Company designs and manages programs while maintaining alignment on quality, access, and financial performance.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

TriasMD operates a musculoskeletal management and ASC operations platform that aligns physicians, facilities, and care pathways to deliver high-acuity spine, joint, and orthopedic procedures in outpatient settings. Through its DISC Surgery Centers brand, the company owns and manages ambulatory surgery centers offering minimally invasive spine surgery, total joint replacement, and interventional pain management, supported by clinical program development, surgeon alignment, and network quality monitoring.

Product overview

TriasMD is a healthcare management company operating a platform-plus-facilities model for outpatient spine, joint, and musculoskeletal care. The core TriasMD Musculoskeletal Management Platform aligns physicians, facilities, and care pathways to enable complex procedures in ASC settings. The DISC Surgery Centers brand encompasses eight ambulatory surgery centers across California and Florida, offering minimally invasive spine surgery, total joint procedures, and interventional pain management. Supporting the ASC network are DISC Clinic facilities providing evaluation, diagnostics, and rehabilitation services. The platform includes capabilities in quality assurance, performance analytics, and network quality monitoring.

Differentiator

Problem solved

Functional benefit

Products and services

• DISC Surgery Centers Network of ambulatory surgery centers performing minimally invasive spine, joint, and musculoskeletal procedures in outpatient settings. Each center features advanced surgical technology including robotics, image guidance, and surgical microscopes, and delivers standardized care pathways refined over 15+ years.
• DISC Clinics Outpatient consultation, diagnostic, and non-surgical musculoskeletal clinics co-located with DISC Surgery Centers. Provide evaluation, conservative treatment, and pre- and post-surgical care across four California locations.
• TriasMD Musculoskeletal Management Platform Healthcare management platform that organizes the systems required to deliver high-acuity spine and orthopedic care in outpatient settings, aligning physicians, facilities, and care pathways to expand access, improve outcomes, and reduce total cost of care. Includes clinical program development, surgeon alignment, care pathway design, site-of-service optimization, and network quality monitoring with performance analytics.

Quantifiable outcome

• Zero hospital transfers, zero blood transfusions, zero readmissions across 1,043 outpatient artificial disc replacement cases (2018-2024)
• +6 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Scale indicators11 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Tenet Healthcare: Major for-profit hospital system and parent of USPI, the largest U.S. ASC operator. Comparable as a broad incumbent hospital/ASC competitor, and TriasMD's COO previously served as COO within Tenet Health.
• HCA Healthcare: One of the largest U.S. for-profit hospital systems, operating a substantial portfolio of musculoskeletal service lines and ASCs. Comparable as a broad incumbent competing for high-acuity spine/orthopedic volume, and TriasMD's COO previously held senior operational roles there.

Direct peers

• National Spine & Pain Centers: Large interventional pain management and spine platform with multiple ASCs across the Eastern U.S. Directly comparable as a multi-site outpatient spine/pain platform targeting similar payer economics and case mix.
• Surgery Partners: Nashville-based, publicly traded ASC operator with a national footprint including significant musculoskeletal and spine case mix. Directly comparable as a multi-site ASC platform pursuing similar site-of-service migration economics.
• Healthcare Outcomes Performance Company (HOPCo): Musculoskeletal practice management and outcomes platform that partners with orthopedic groups to operate ASCs and value-based care programs. Closely comparable to TriasMD's physician-aligned, outcomes-driven musculoskeletal platform model.
• United Surgical Partners International (USPI): Tenet Healthcare's ambulatory surgery center subsidiary and the largest ASC platform in the U.S. Directly comparable as a multi-site ASC operator with musculoskeletal and spine capabilities, and TriasMD's new COO Andrew Nice previously served in regional operations leadership there.
• Rothman Orthopaedic Institute: Large, multi-specialty musculoskeletal practice operating its own ASCs across the Mid-Atlantic and Florida with a focus on complex outpatient spine and orthopedics. Comparable as a physician-led MSK platform delivering high-acuity outpatient procedures at scale.
• Texas Back Institute: Specialty spine practice co-founded by Dr. Stephen Hochschuler, who also serves on TriasMD's leadership team. Comparable as a leading complex spine specialty group with a long track record of high-acuity spine surgery and clinical research.
• Proliance Surgeons: Large physician-owned MSK and surgical platform in the Pacific Northwest operating multiple ASCs. Comparable as a multi-specialty MSK practice platform with ASC operations, and TriasMD's VP of Clinical Operations previously served there.

Regional players

• Hoag Orthopedic Institute: Orange County, California-based orthopedic specialty hospital and ASC operator. Comparable as a Southern California orthopedic specialty platform competing in the same geographic markets as TriasMD's Newport Beach, Irvine, and Marina del Rey facilities.

Market position

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/triasmd

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TriasMD