Providence Anesthesiology Associates

What Providence Anesthesiology Associates does

Providence Anesthesiology Associates (PAA) is a Charlotte, North Carolina-based physician-owned anesthesiology practice founded in 1991. The firm delivers comprehensive anesthesia services across hospital operating rooms, ambulatory surgery centers (ASCs), and office-based settings, caring for more than 246,000 patients annually with a clinical workforce of over 150 anesthesiologists supported by certified registered nurse anesthetists (CRNAs), advanced practice providers (APPs), and nurses. Its clinical footprint spans North Carolina and South Carolina, with operations anchored by an exclusive contract with Novant Health in the greater Charlotte market.

PAA operates three principal service lines: hospital-based anesthesia delivery under long-term system contracts, partnership arrangements with ambulatory surgery centers, and PAA Mobile, an office-based anesthesia (OBA) program that has performed more than 300,000 cases since its 2011 launch. The group also implements Enhanced Recovery After Surgery (ERAS) protocols to standardize perioperative care. Revenue is generated through professional fee billing for anesthesia services, partnership economics with ASCs, and contractual arrangements with health systems and surgical practices.

The practice is structured as a private, for-profit physician partnership with no disclosed external private equity or venture capital ownership. Executive leadership includes Matthew Dyer as Chief Executive Officer and Kevin Crosby, MD as President. The group functions as both a clinical provider and an operational partner to health systems, hospitals, and surgery centers across the Carolinas.

Name

Providence Anesthesiology Associates

Legal name

Providence Anesthesiology Associates

Website

https://provanesthesiology.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

101–250 employees

Short description

Providence Anesthesiology Associates is a Charlotte-based physician practice delivering hospital, ambulatory surgery center, and office-based anesthesia services to over 246,000 patients annually across North and South Carolina.

Ownership category

akta.pro rank

Product category

Anesthesiology Services

NAICS

Offices of Physicians (62111), Offices of Physicians (except Mental Health Specialists) (621111), Freestanding Ambulatory Surgical and Emergency Centers (621493), Offices of Physicians (6211)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-Specialty Outpatient Facilities, Nec (8093), Services-Health Services (8000)

akta.pro primary industry

Perioperative Anesthesia Services & Management (HLAFAIAM)

akta.pro secondary industries

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

Keywords

• Anesthesia services
• Perioperative care
• Office-based anesthesia
• Ambulatory surgery centers
• ERAS protocols

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Healthcare Services Billing: PAA provides anesthesia services at hospitals, surgery centers, and offices. Bills are separate from surgeon or facility charges. Insurance companies determine patient financial responsibility after reviewing claims. Some insurance carriers require separate bills for anesthesiologist and CRNA charges.
2. Insurance Reimbursement: In-network with most major private and government carriers including BCBS, Cigna, Aetna, Medicare, Medicaid, and VA. Out of network with United Healthcare since March 2020. No Surprises Act protects UHC patients at in-network facilities.
3. Nerve Block and Catheter Procedures: Specialized regional anesthesia procedures including peripheral nerve blocks, nerve catheters, and neuraxial anesthesia for pain management during and after surgery.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Providence Anesthesiology Associates provides physician-led anesthesia and perioperative care services to hospitals, ambulatory surgery centers, and surgical offices across North and South Carolina. Core offerings include PAA Mobile office-based anesthesia, ASC staffing partnerships, and Enhanced Recovery After Surgery (ERAS) protocols, supported by the PAAQS quality measurement system and an anesthesia care team model combining physician anesthesiologists with CRNAs.

Product overview

Providence Anesthesiology Associates operates as a unified practice offering a portfolio of anesthesia and perioperative care services across North and South Carolina. The core offerings include PAA Mobile (office-based anesthesia bringing hospital-grade care to surgeon offices since 2011), Ambulatory Surgery Center partnerships, and Enhanced Recovery After Surgery (ERAS) protocols. Supporting infrastructure includes the PAAQS Quality System for outcome measurement, pre-surgical evaluation services, and an anesthesia care team model combining physician anesthesiologists with CRNAs. The practice serves over 246,000 patients annually at hospitals and healthcare facilities throughout the Carolinas.

Differentiator

Problem solved

Functional benefit

Brands

• PAA Mobile: Office-based anesthesiology division providing mobile anesthesia services to surgeons' offices throughout North Carolina since 2011, offering turnkey surgical suite solutions with anesthesia care providers and PACU/ICU trained nurses.

Products and services

• PAA Mobile (Office-Based Anesthesia) Turnkey office-based anesthesiology service providing hospital-grade anesthesia care directly to surgeons' offices, including anesthesia providers, PACU/ICU trained nurses, equipment, medications, and supplies. Serves oral surgery, plastic surgery, urology, gastroenterology, ENT, and orthopedic office-based procedures. Over 300,000 cases completed since 2011 with a documented safety record and 99% patient recommendation rate.
• Ambulatory Surgery Center (ASC) Anesthesia Services Anesthesia and perioperative care partnerships with ambulatory surgery centers across North and South Carolina. Provides in-house billing, flexible screening criteria, regional anesthesia expertise, and quality measurement. Partnering with 15+ ASCs in the Carolinas.
• Enhanced Recovery After Surgery (ERAS) Evidence-based perioperative care protocols developed collaboratively with surgical teams across 15+ surgical pathways including colorectal, bariatric, prostatectomy, gynecologic oncology, mastectomy/reconstruction, thoracic, cardiothoracic, total joint arthroplasty, and cesarean section. Includes multimodal pain management and demonstrated outcomes of 35-60% reduction in length of stay and 55% reduction in in-hospital opioid use. Active across Novant Health facilities with 125+ participating surgeons.
• PAAQS Quality System
• Pre-Surgical Services
• Anesthesia Care Team

Quantifiable outcome

• 35-60% reduction in length of hospital stay through ERAS protocols
• +7 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Novant HealthcoreStrategic or Co-development PartnerPAA has an exclusive contract to provide physician anesthesia services in the greater Charlotte market of the Novant Health system. PAA anesthesiologists staff all Novant facilities in Charlotte, community hospitals in Matthews, Mint Hill and Huntersville, as well as ambulatory centers throughout the region. PAA physicians hold numerous leadership roles including Chief of Staff positions and committee chairs across the Novant Health system.

Scale indicators12 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• US Anesthesia Partners (USAP): National, PE-backed anesthesia practice consolidator with thousands of anesthesiologists across multiple states. Closest large-scale analog to PAA's multi-site, multi-specialty anesthesiology model and a natural consolidator / competitive benchmark in the same category.
• North American Partners in Anesthesia (NAPA): Large national anesthesiology and perioperative services group with hospital, ASC and office-based coverage. Directly comparable in service mix and staffing model to PAA's hospital/ASC/PAA Mobile portfolio.
• TeamHealth Anesthesia: National clinical staffing platform providing anesthesiology services to hospitals and ASCs. Comparable in that it serves similar customers via contracted anesthesiology staffing at scale, though within a much broader staffing portfolio.
• Envision Healthcare (now Envision) / Envision Physician Services: Large national physician services organization with a dedicated anesthesia services arm. Comparable in being a high-volume, multi-state anesthesiology provider to hospitals and ASCs.
• Schumacher Clinical Partners (anesthesia division): Multi-specialty physician staffing and management organization with an anesthesiology arm serving hospitals and ASCs. Comparable in operating model of contract-based anesthesia coverage at scale.

Direct peers

• Somnia Anesthesia: Independent anesthesiology management and staffing group serving hospitals, ASCs and office-based settings nationally. Closely comparable in operating model, customer mix (hospitals + ASCs) and anesthesia-care-team approach.
• Premier Anesthesia: National anesthesia management group focused on hospital and ASC partnerships with strong emphasis on quality/safety programs. Directly comparable in customer segment, ERAS-style protocols, and exclusive contracts.

Emerging players

• Allied Anesthesia Associates: Independent physician anesthesiology group serving hospitals and surgical facilities in select regions. Comparable as a smaller/mid-size private-practice anesthesiology model that competes in the same bidding and contracting dynamic as PAA.

Regional players

• Greater Houston Anesthesiology (GHA): Large independent anesthesiology group serving the greater Houston region across hospitals and ASCs. Analogous regional independent practice benchmark with similar service breadth and physician-owned structure.
• JLR Medical Group / Southeast Anesthesia Partners (regional Southeast group): Regional anesthesiology practice serving the Southeast US with hospital and ASC contracts. Comparable in geographic adjacency (Southeast) and focus on community-hospital anesthesia delivery.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ProvAnesthesia
• Facebookfacebook.com/ProvidenceAnesthesiologyAssociates
• LinkedInlinkedin.com/company/providence-anesthesiology-associates-pa
• Instagraminstagram.com/provanesthesiology

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Providence Anesthesiology Associates