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21 Companies ASCs and Hospitals Should Know

Written by Staff
Thursday, 08 January 2009
Here are 21 companies that ASCs and hospitals should know.
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5 Ways to Improve Your Financial Health in Today's Challenging Economy

Written by Rob Morris
Thursday, 08 January 2009
Today’s economy is very unsettling. Many people are struggling to pay their mortgages and bills, and late payments and defaults are rising at a rapid rate. To protect and improve the financial health of your ASC during these challenging economic times it’s important to realize that today’s patient is very different from the same patient you might have been safe extending credit to just two years ago. Here are five ways you can improve the financial health of your ASC and help your patients with the economic challenges they may be facing.
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Statistics on Surgery Center Staff Hourly Wages and Administrator Salary by Region

Written by Staff
Thursday, 08 January 2009
Here is an analysis of the average staff hourly wages and the administrator's salary in an ASC by region of the county, according to the VMG Health 2008 Intellimarker.
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Louisiana Hospital Spends $28 Million on New Property, Acquires Two Surgery Centers

Written by Staff
Thursday, 08 January 2009
Our Lady of the Lake Regional Medical Center (OLOL) in Baton Rouge, La., purchased 60 acres and two former outpatient surgery center for $28 million, according to The Advocate.
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OIG Advisory Opinion on Proposal for Corporation to Pay Two Part-Time Docs to Perform Endoscopies

Written by Dan Soldato, JD, and Scott Becker, JD, CPA
Thursday, 08 January 2009
The Office of the Inspector General of the Department of Health and Human Services (OIG) issued Advisory Opinion No. 08-22 on Dec. 8, 2008. In the Advisory Opinion, the OIG analyzed a proposed arrangement under which a non-profit, tax-exempt corporation (the “Corporation”) would employ two physicians on a part-time basis to perform endoscopies on the premises of the Corporation (the “Proposed Arrangement”). The Corporation requested the Advisory Opinion to determine whether the Proposed Arrangement would constitute improper remuneration in exchange for referrals under 42 U.S.C. §1320a-7b (the “Anti-Kickback Statute”). The OIG concluded that the Proposed Arrangement does not violate the Anti-Kickback Statute and would not be grounds for imposing sanctions.
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Amkai Hosts Free ASC Webinar on Comprehensive Information Management

Written by Staff
Wednesday, 07 January 2009
Amkai, a software company with 20-plus years of experience delivering administrative and clinical solutions to ASCs, surgical hospitals and physician practices, is hosting a free webinar titled "How Comprehensive Information Management Boosts ASC Performance" on Wed., Jan. 28 from 1-2 p.m. EST.
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ASC Case Volume Mix as a Percent of Total Cases From the VMG Health 2008 Intellimarker

Written by Staff
Wednesday, 07 January 2009
Here is a breakdown of the case volume mix as a percent of an ASC's total cases from the VMG Health 2008 Intellimarker. Analysis is provided for the average of all surveyed facilities; facilities with a net revenue of less than $4.5 million; facilities with net revenue from $4.5 million to less than $7 million; and facilities with net revenue of $7 million and higher.
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Physician Self-Referral Ban Suggested in AHA Proposed Health Reform Package

Written by Staff
Wednesday, 07 January 2009
The American Hospital Association (AHA) has sent a legislative health reform proposal to Congress recommending a number of significant changes including a renewed ban on physician self-referrals.
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Greg Zoch of Kaye/Bassman Offers 3 Observations for ASCs Seeking a Partner

Written by Ariel Levine
Wednesday, 07 January 2009
Given the recent surge of ASC mergers and acquisitions, Greg Zoch of Kaye/Bassman International Corp. offers three observations of the market and offers suggestions for ASCs seeking a potential partner.
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Nursing Shortage Challenging Organizations Nationwide

Written by Staff
Tuesday, 06 January 2009
A dearth of applicants for nursing jobs is forcing recruiters to try a variety of creative methods just to get qualified individuals to visit organizations, according to the Associated Press.
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U.S. Healthcare Spending Increases at Lowest Rate Since 1998

Written by Mark Taylor
Tuesday, 06 January 2009
CMS Office of the Actuary announced that 2007 U.S. healthcare spending increased at the lowest rate of growth since 1998, according to a teleconference held Jan. 5.
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