Here are seven updates for ambulatory surgery center leaders.
AmSurg takes $7.6B TeamHealth bid off the table
AmSurg's $7.6 billion takeover bid for physician outsourcing services company TeamHealth had a deadline of Tuesday at 4 p.m., but the surgery center company withdrew the offer approximately a day ahead of the deadline. TeamHealth said AmSurg's cash-and-stock offer still undervalued the company, leading AmSurg to retract the offer.
CMS adds 17 new procedures to the ASC payable list.
The Centers for Medicare and Medicaid Services released 17 new ASC payable codes along with the 2016 ASC payment rule. Read about the new codes here.
CMS raises outpatient MIS SI joint fusion payment 14%
The Centers for Medicare and Medicaid Services issued the 2016 Hospital Outpatient Prospective Payment System recommendation for sacroiliac joint fusion, increasing the outpatient payment when billing the CPT 27279. The payment will increase from $9,266 to $10,538, a 14 percent increase, effective Jan. 1, 2016.
Top 10 states with largest % of uninsured people
There are 41.9 million uninsured people in the United States, according to Kaiser State Health Facts. Texas, Nevada, Arizona, Florida, Wyoming, North Carolina, Georgia, New Mexico, Alabama and Alaska compose the top 10 states with the highest percentage of uninsured people.
ASC patient collections as a % of total revenue
Patient revenue represents nearly $11 billion annually of an ASC's total revenue, according to a Navicure report. Nine percent of ASCs had greater than 41 percent of total revenue as patient revenue.
Congress approves 2-year budget cut for provider payments
Congress passed a two-year budget deal that includes a 2 percent cut in Medicare provider payments. The budget cut raises funding levels and suspends the debt limit until 2017. Congress approved the healthcare budget cuts to generate the funding needed to offset other budget increases across the federal government.
Crane Creek Surgery Center joins First Choice Healthcare Medical Centers of Excellence Network
First Choice Healthcare, a diversified holding company, has added a surgery center to its Medical Centers of Excellence network in Florida. Crane Creek Surgery Center in Melbourne, Fla., is a multispecialty 18,000-square-foot facility located in the Crane Creek Medical Center.
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