7 things for ASC leaders to know for Monday

Here are seven news updates for ambulatory surgery center leaders to know for Oct. 20, 2014.

HCA preliminary Q3 results show bump in profit.
Nashville, Tenn.-based Hospital Corporation of America has previewed a third-quarter rise in profits and has raised its 2014 guidance. HCA expects third-quarter revenues of $9.22 billion, up from $8.46 billion in the third quarter of 2013. Adjusted EBITDA for the quarter is projected to be approximately $1.83 billion, compared with approximately $1.6 billion in 2013. Read the full report on Becker's Hospital Review.

Regent Surgical Health launches revenue cycle management service.
Ambulatory surgery center management and development company Regent Surgical Health has officially launched a revenue cycle management service. The service focuses on optimizing ASC billing and collections workflow, as well as generating metrics to analyze and improve ASC financial health.

AORN launches Ebola preparation tool.
The Association for periOperative Registered Nurses has released guidelines for perioperative personnel for taking care of Ebola patients in surgical settings in its AORN Journal. The guidance includes recommendations for personal protective equipment for nonscrubbed team members, scrubbed team members, environmental services team members and sterile processing team members.

Peak One Surgery Center hosts Community Surgery Day.
Peak One Surgery Center in Frisco, Colo., hosted its fifth annual Community Surgery Day. The event was inspired by Peter Janes, MD's, trip to Haiti after the 2010 earthquake there, which prompted him to start the annual event.

CMS to start data collection on two new quality measures for 2015.
Data collection for ASC-11 (cataracts: improvements in patent's visual function within 90 days following cataract surgery) begins Jan. 1, 2015 and goes until Dec. 31, 2015. Data collection for ASC-8 (influenza vaccination coverage among healthcare personnel) begins Oct. 1, 2014 through March 31, 2015.

PPACA initiative to invest $114M in ACOs.
CMS has announced a new initiative available to Medicare Shared Saving Program accountable care organization that will provide upfront investments in infrastructure and redesigned care process to help ACOs provide high-quality care. The initiative, called the ACO Investment Model, will provide up to $114 million in upfront investments to as many as 75 ACOs. Read the full report on Becker's Hospital Review.

Pennsylvania physician launches price transparency company.
William Hennessey, MD, a Pennsylvania physician medicine and rehabilitation physician, has launched the company Pratter, which will share hospital, ambulatory surgery center and other healthcare provider fees on its website. Eventually, Dr. Hennessey intends to generate reports based on website queries as a source of revenue

More articles on ASC issues:
3 tips for orthopedics coding & billing
5 ASC coding & billing changes to anticipate for 2015
What the biggest ASC transactions in 2014 mean for 2015

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