Here’s where ASC reimbursements stand today.
In November, CMS finalized a 3.1% payment rate for ASCs in its 2024 final rule. This is a 0.3% increase from the proposed rule.
This increase was determined based on a projected inflation rate of 3.3%, less the multifactor productivity reduction of 0.2% mandated by the Affordable Care Act, according to a Feb. 13 article from VMG Health.
The ruling is a decrease from 2023’s 3.8% payment rate for ASCs.
CMS projected total ASC payments to increase to about $7.1 billion in 2024. This is an increase of about $207 million compared to estimated 2023 Medicare payments, according to VMG Health.
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.