When outsourced surgical implant provider Access Mediquip LLC closed its device operations in May, many ambulatory surgery centers, hospitals and patients were left in the lurch. Before shuttering its doors, Access Mediquip worked with manufacturers, payers and providers to manage the acquisition, financing, delivery and reimbursement of orthopedic and spinal implants and implantable drug pumps.…
The U.S. ambulatory surgery center industry is now facing perhaps the most critical moment of its 45-year history: Evolve — or else. For the first time in recent history, net growth of ASCs is stalling. And in the wake of the Affordable Care Act, payers are all but eliminating out-of-network reimbursements in most markets, reducing…
Healthcare-associated infections (HAI) lead to added costs, lengthier hospital stays and are a major cause of both mortality and morbidity. According to a survey conducted by the U.S. Centers for Disease Control and Prevention, about one in 25 acute-care hospital patients develops at least a single HAI. An estimated 722,000 HAIs occurred in acute-care hospitals…
Cost-effectively converting admitted patients into outpatient consumers is the new frontier in U.S. healthcare. A variety of factors are creating this unique opportunity in healthcare delivery. First, clinical advances have made same-day surgery possible in many more situations than in the past. In 1981, 80 percent of surgeries performed in community hospitals were done on…
Joint venture ambulatory surgery center board-of-directors are an important aspect of managing and developing a successful facility. Read more>
There are several ways ambulatory surgery centers can continue growing their business today, including looking for new partnerships, procedures and payment models for the outpatient setting. Read More
The U.S. ambulatory surgery center market has never been more competitive. With more than 5,000 ASCs nationwide, many U.S. markets are saturated with outpatient facilities. Adding to the challenge, the ASC reimbursement rate is less than 60 percent the hospital rate for identical procedures, and shrinking out-of-network reimbursements in many markets are making it increasingly…
There is a huge opportunity for physicians to partner with hospitals on joint venture ambulatory surgery centers today. Read More
Surgical site infections (SSI) are a major concern for ambulatory surgery centers. In the United States, the total cost attributed to healthcare-associated infections is an estimated $9.8 billion annually, according to a JAMA Internal Medicine study. The 2013 report also found that SSIs were a primary — and costly – contributor: The average price tag…
Presentation given at the 4th Annual Orthopedics, Neurosurgery and Pain Management ASC Conference and Exhibition