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AAAHC's Medicare and Medicaid Deeming Authority Renewed by CMS

Written by Staff
The Accreditation Association for Ambulatory Health Care (AAAHC/Accreditation Association) has announced that it has had its Medicare and Medicaid deeming authority renewed through 2012 by CMS.
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Credit Crisis Impact on Surgery Centers

Written by Scott Becker, JD, CPA
The second biggest event for ASCs for 2008 (after the election) has to be the ongoing tumult created by the credit crisis and weakening economy. This overall financial challenge has led to a decrease in electronic procedures where patients have the ability to delay surgery. It has also led to more drastic reductions depending upon how "elective" the surgery is (e.g. cosmetic surgery). Further, the credit challenges and overall financial problems are leading employers to reduce payrolls and redouble their efforts to reduce healthcare costs. This is leading to payors who handle employee plans making the most aggressive efforts in years to reduce reimbursement rates.
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ASCOA Reports Record 3rd Quarter, Year

Written by Staff
Ambulatory Surgical Centers of America (ASCOA) has announced the opening of five ASC projects in the third quarter, bringing the year‐to‐date total for the ASC developer/ turnaround company to 11. Agreements on two more projects are expected by year's end.
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National Surgical Care Acquires Multi-Specialty ASCs in Fullteron, Calif. and Weston, Fla.

Written by Staff
National Surgical Care (NSC), a leading operator of ambulatory surgery centers, has announced it has acquired two multi-specialty outpatient surgical facilities.
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CapitalSource Finance Actively Lending to Surgery Centers and Hospitals

Written by Rob Kurtz
Despite the current credit crunch, CapitalSource Finance, a commercial lender offering focused lending products serving clients in the middle market, is still very active with surgery centers and hospitals, and looking for new opportunities with the right clients.
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