Here are seven news updates for ambulatory surgery center leaders to know for June 30, 2014.
Surgery Center Holdings' debt-to-EBITDA ratio to rise post-Symbion acquisition.
Moody's Investors Service expects Surgery Center Holding's debt-to-EBITDA ratio to rise eight-fold following its $792 million acquisition of Symbion. Moody's also reports the company has no capital left from H.I.G.'s initial investment, following Symbion's acquisition and two dividend recaps.
Healthcare spending slides back 1.4% in Q1.
Healthcare spending declined by 1.4 percent in the first quarter of 2014, according to a Bureau of Economic Analysis report. Spending growth hit an all-time low of 3.6 percent in 2011, but began to pick up with 5.6 percent growth in the last quarter of 2013. Read the full report on Becker's Hospital Review.
19% of 2015 private health insurance spending to go towards outpatient services.
A PwC Health Research Institute report projects that 19 percent of total private health insurance spending will go towards outpatient services. The top spending groups, inpatient services and professional services, claim 31 percent each. Read the full report on Becker's Hospital Review.
SCA, Medline sign 5-year deal.
Surgical Care Affiliates renewed its prime vendor agreement for distribution services with Medline Industries. The new five-year agreement is expected to be worth approximately $175 million over time. As of March 31, 2014, SCA owned and operated a national network of 175 ambulatory surgery centers and surgical hospitals in 34 states.
Utah claims top EHR adoption rate at 71.6%.
Utah has the highest state electronic health record adoption rate, according to a University of California, Berkeley School of Information report. South Dakota and Wyoming are close behind with 71.2 and 71 percent adoption rates, respectively. Rhode Island has the lowest adoption rate at 52.1 percent. Read the full report on Becker's Hospital Review.
AAAASF peer review to begin July.
The American Association for Accreditation of Ambulatory Surgical Facilities peer review system will be open July 1 to August 15. The system is designed for surgeon peer-review to ensure compliance with AAAASF standards for all surgeons during a given reporting period.
Frantz EyeCare celebrates 20th anniversary.
Jonathan M. Frantz, MD, FACS, established Frantz EyeCare, then called Florida Eye Health, 20 years ago. Since then, the practice has expanded to include four satellite offices, a laser vision center and Suncoast Surgery Center in Port Richey, Fla.
More Articles on ASC Issues:
5 Recent ASC Industry Leadership Moves
$792 Acquisition Deal, Q1 Financial Report & More – 6 Recent Key Notes on Symbion
9 Things to Know: Workers Compensation Research Institute "Payments to Ambulatory Surgery Centers" Report
Surgery Center Holdings' debt-to-EBITDA ratio to rise post-Symbion acquisition.
Moody's Investors Service expects Surgery Center Holding's debt-to-EBITDA ratio to rise eight-fold following its $792 million acquisition of Symbion. Moody's also reports the company has no capital left from H.I.G.'s initial investment, following Symbion's acquisition and two dividend recaps.
Healthcare spending slides back 1.4% in Q1.
Healthcare spending declined by 1.4 percent in the first quarter of 2014, according to a Bureau of Economic Analysis report. Spending growth hit an all-time low of 3.6 percent in 2011, but began to pick up with 5.6 percent growth in the last quarter of 2013. Read the full report on Becker's Hospital Review.
19% of 2015 private health insurance spending to go towards outpatient services.
A PwC Health Research Institute report projects that 19 percent of total private health insurance spending will go towards outpatient services. The top spending groups, inpatient services and professional services, claim 31 percent each. Read the full report on Becker's Hospital Review.
SCA, Medline sign 5-year deal.
Surgical Care Affiliates renewed its prime vendor agreement for distribution services with Medline Industries. The new five-year agreement is expected to be worth approximately $175 million over time. As of March 31, 2014, SCA owned and operated a national network of 175 ambulatory surgery centers and surgical hospitals in 34 states.
Utah claims top EHR adoption rate at 71.6%.
Utah has the highest state electronic health record adoption rate, according to a University of California, Berkeley School of Information report. South Dakota and Wyoming are close behind with 71.2 and 71 percent adoption rates, respectively. Rhode Island has the lowest adoption rate at 52.1 percent. Read the full report on Becker's Hospital Review.
AAAASF peer review to begin July.
The American Association for Accreditation of Ambulatory Surgical Facilities peer review system will be open July 1 to August 15. The system is designed for surgeon peer-review to ensure compliance with AAAASF standards for all surgeons during a given reporting period.
Frantz EyeCare celebrates 20th anniversary.
Jonathan M. Frantz, MD, FACS, established Frantz EyeCare, then called Florida Eye Health, 20 years ago. Since then, the practice has expanded to include four satellite offices, a laser vision center and Suncoast Surgery Center in Port Richey, Fla.
More Articles on ASC Issues:
5 Recent ASC Industry Leadership Moves
$792 Acquisition Deal, Q1 Financial Report & More – 6 Recent Key Notes on Symbion
9 Things to Know: Workers Compensation Research Institute "Payments to Ambulatory Surgery Centers" Report