7 things for ASC leaders to know for Thursday
PPACA driving care to outpatient settings.
Value-based payment models, risk-sharing arrangements and consumerism — all on the rise under the PPACA — favor providers delivering high-quality, low-cost services in the most convenient settings. Subsequently, from fiscal years 2010 to 2013, Fitch's rated hospital and health system portfolio showed a decline in inpatient activity, along with an increase in outpatient and ambulatory care. Read the full report on Becker's Hospital Review.
Voyance recognizes 53 ASCs, 10 endoscopy centers for quality.
Voyance announced the 2013/2014 National APEX Quality award winners, including 53 ASCs and 10 endoscopy centers. Read the full list of winners.
New study questions economic logic beyond CON law.
A recent study from the economic research nonprofit Mercatus Center at George Mason University challenges the economic logic behind certificates of need. The CON study analyzed data on CONs, healthcare productivity and economic impact from the Healthcare Cost Report Information System, American Hospital Association and American Health Planning Association. Read the full report on Becker's ASC Review.
Foundation Healthcare patient services revenue rises 7%.
Foundation Healthcare reported its second quarter 2014 financial results. Patient services revenue increased 7 percent from the second quarter of 2013 to $19.9 million. The company reported $22.1 million in net revenue for the quarter, a 2 percent increase from $21.6 million in the second quarter of 2013.
New ASC to open in Corpus Christi.
The 9,100-square-foot, $1.8 million Texas Precision Surgery Center is being planned for Corpus Christi. The project was recently submitted to the city's Development Services Department. Barcom Construction will lead the project.
Lexington Clinic ASC adds new gastroenterologist.
Gastroenterologist Scott A. Merkley, MD, has joined the Lexington (Ky.) Clinic gastroenterology department at the Lexington Clinic Ambulatory Surgery Center.
CMS extends Open Payments review deadline.
CMS' Open Payments website is back online following an investigation into incorrect data, and the agency has extended the deadline for physicians and teaching hospitals to register, review and, if necessary, dispute the information included in the portal to Sept. 8. Read the full report on Becker's Hospital Review.
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