What you should know:
1. The inflation update factor is about 3 percent, which after the ACA’s productivity reduction equals about 2.6 percent for both ASCs and hospital outpatient departments.
2. The proposed ASC conversion factor is $48.984 to the proposed hospital outpatient department conversion factor of $83.697.
3. CMS also seeks to add 11 codes to the ASC covered procedure list, notably including total hip replacement.
4. CMS also plans to transition codes off the inpatient-only list over the next three years, with a goal to eliminate the list completely by 2024.
5. Ambulatory Surgery Center Association President Bill Prentice chided certain aspects of the proposal. He said, “We remain concerned that, while this proposal explains the negative effect that the use of weight scaling has on ASC rates, it does not take the needed steps of addressing it.”
More articles on specialty centers:
ASC considers in-house alternative to ‘overwhelmed’ hospital testing center — 3 insights
425 surgery centers that received PPP funds of more than $150K by state
4 COVID-19 testing insights for ASCs
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.