Growing with a Purpose

Orthopedic Physicians Alaska expands with help from First National Bank Alaska

Through the years, Orthopedic Physicians Alaska has steadily grown thanks to three vital components – a steadfast commitment to providing high-quality care, continually improving the services it provides and giving back to the community.

Today, more than a dozen OPA physicians pool resources, share administrative and compliance expenses, and efficiently control costs for their patients.

With its main facility located in Anchorage’s University-Medical District, OPA offers the gamut of musculoskeletal services. From athletic training and physical therapy to digital X-ray, MRI technology and more, patients can come to OPA knowing a healthy future is forthcoming.

“A proven track record of excellent patient care and smart decision making from a business standpoint, OPA is a respected leader in Alaska’s healthcare industry,” said First National Bank Alaska Vice President Melissa Reiser. “It only makes sense that the bank’s worked right alongside the company for a decade.”

A major remodeling effort

One way OPA approached improving on its cost- and quality-control strategy was to bring more services in house. This plan, along with the community's ever-growing need for orthopedic care and related services, necessitated a major remodeling effort.

"Everything we do is not only set up to help us comply with what the federal government is encouraging in terms of value-based reimbursement, but also to further our mission of providing the finest services available in Alaska,” said Orthopedic Physicians Alaska CEO Rick Watson.

OPA acquired controlling shares of Alaska Spine Institute Surgery Center (ASISC), now Alpine Surgery Center. The company also created Alpenglow, a short-stay assisted-living facility for patients.

The remodel also creates an expanded four-chair infusion suite for rheumatology patients, a full-service physical therapy department for preventative and postoperative care, in-house computerized tomography (CT) imaging, and expanded, patient-focused clinic areas.

“All those needs are met in one facility for OPA’s patients,” Reiser said.

“The bank really helped us”

Since financing played an important role in OPA’s pursuit of its expansion and continued mission, the company did its due diligence. OPA officials looked across the country and evaluated bids from several financial institutions, even some outside Alaska.

But First National came out on top.

“At the end of the day, FNBA truly is a bank focused on the success of Alaskans,” Watson said. “The bank helped us in a very significant way, and that’s why we’ve enjoyed a long-standing relationship.

“(Resier) and the bank’s financial experts did a magnificent job understanding our needs and tailoring the loans and loan servicing to us.”

Going gold

OPA’s commitment to community is clear.

For several years, OPA has donated the services of five full-time certified athletic trainers to teams from the Anchorage School District and Alaska School Activities Association championship events. OPA is also a proud major sponsor of Alyeska Resort and Ski Patrol.

In 2014, the Anchorage Chamber of Commerce awarded OPA its Gold Pan Award for Distinguished Community Service by a Large Business or Organization. Gold Pans have been handed out since 1957.

“A well-deserved honor for a great business,” Reiser said.

Full of pride

Watson and his fellow medical professionals at OPA take pride in being part of Alaska’s greater orthopedic care community.

“Our state showcases many fine orthopedic providers and several high-quality surgery centers,” Watson said. “Alaska has an outstanding medical community and we embrace opportunities to work with fellow orthopedists, family practitioners, chiropractors and other medical providers throughout the community.”

OPA also cherishes its relationship with a trusted financial institution like First National.

“The bank really allowed us to grow, which is just one more way it works to help Alaskans succeed,” Watson said.

Learn more about Orthopedic Physicians Alaska at opalaska.com.

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