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CIT Group Seeking Overseas Funding to Support Lending Print
Written by Rob Kurtz   
Tuesday, 25 March 2008
CIT Group, the New York consumer- and commercial-finance company, is pursuing funding from an overseas bank to support its lending business, according to the March 24 Wall Street Journal.
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Staar's Affinity Collamer Aspheric IOL Gets New Technology Designation Print
Written by Stephanie Wasek   
Monday, 17 March 2008
The Afinity Collamer Aspheric foldable intraocular lens (Model CQ2015A) has been designated as a New Technology Intraocular Lens (NTIOL) by CMS, Staar Surgical announced. The approval for NTIOL reimbursement status means that Medicare will reimburse an additional $50 per Collamer Aspheric lens when provided to a Medicare patient in an ASC.
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GI Catches a Break: Aetna Delays Controversial Sedation Policy Print
Written by Rob Kurtz and Stephanie Wasek   
Wednesday, 12 March 2008
Aetna has announced that it will delay its plans to institute a new policy under which the insurer would cover monitored anesthesia care only for high-risk patients, according to the company’s web site.
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The Empire Strikes Back: N.Y. Probes Underpayments by Insurers to Out-of-Network Providers, Patients Print
Written by Stephanie Wasek   
Wednesday, 12 March 2008
After several years of insurance companies aggressively setting limiting rates as to what they will pay out-of-network providers, New York has launched an investigation into whether insurance companies are unfairly setting those rates and causing patients to pay disproportionately high amounts of provider bills. Health insurers are being probed as part of a healthcare industry-wide investigation to determine whether they have schemed to “defraud consumers by manipulating reimbursement rates,” according to the N.Y. Attorney General’s Office.
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Four Tips for Profitable Endoscopy in ASCs Print
Written by Stephanie Wasek   
Wednesday, 12 March 2008
By all accounts, GI as a specialty — and especially single-specialty GI ASCs — will be hit the hardest by CMS’s restructuring of the ASC payment system. But despite a 4.3 percent average cut for GI procedures, the situation is not as dire as it may seem at first glance, nor is it impossible to increase profitability in the new market.
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Hospital-Physician Joint-Ventures: Current Tips for Success Print
Written by Stephanie Wasek   
Wednesday, 12 March 2008
Physicians and hospitals, it would seem, can complement each other in many ways that would benefit both parties. For example, for physicians, running an ASC is more difficult than ever: Competition is stiff, regulatory and legal issues are more complicated than ever, and the reimbursement climate is difficult, to say the least. At the same time, hospitals are looking to expand market share and revenue streams, and their administrations have expertise in managing facilities and navigating bureaucracy. So what hampers such projects?
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CMS Answers Questions on the New ASC Payment System Print
Written by Rob Kurtz   
Wednesday, 12 March 2008
CMS has issued a document covering 44 answers to frequently asked questions about the new ASC payment system.
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Ask the Experts Print
Written by Staff   
Monday, 03 March 2008
EndoEconomics invited a panel of legal experts to offer their opinion on issues that are pertinent to the ever changing ASC landscape. In light of the new Medicare reimbursement decision, physicians may be looking for alternative ways to effectively increase their personal revenue either through new center development, hospital joint ventures or acquisitions of their existing facility. Following, are some of the issues presented to our legal correspondents: Scott Becker, JD, CPA, of McGuireWoods; Sarah E. Abraham, JD of McGuireWoods; William Thompson of Hall, Render, Killian, Heath and Lyman; and Chris Panczner of Epstein Becker and Green.
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Download the Latest Issue of Endo Economics Print
Written by Staff   
Monday, 03 March 2008
Among the outstanding content: "Benchmarking to Excellence: Using Quality Indicators to Improve Performance," "Final Rule ? Impact on Reimbursement," "Best Practices in Revenue Enhancement and Cost Reductions," and "The Devil is in the Details: Quality Control and Quality Assurance in the Pathology Laboratory."
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