Here are five more insights:
1. Analysts expect orthopedic, spine and cardio procedures to be the fastest-growing ASC segments through the mid-2020s.
2. ASCs currently save the U.S. healthcare system $40 billion annually, with that number projected to grow as more procedures migrate to the outpatient space.
3. In 2018, 5,700 ASCs performed 23 million procedures and generated $35 billion in revenue.
4. Medical technology companies will feel pressure from the growing industry because of lower reimbursement rates and differing midsets between ASC and hospital administrators.
5. Nearly 60 percent of unaffiliated physicians are interested in practicing in an ASC, according to a recent survey.
Read the whole report here.
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.