Cardiology in ASCs continues to evolve, with efficiency gains driving higher revenue per OR minute — rising from $104.46 in 2023 to $132.88 in 2024, according to data from HST Pathways.
Here are five things to know about cardiology ASCs:
1. OR block utilization rose from 27% to 32%, reflecting a significant operational gain. Cardiology centers remain well below the 70% benchmark for efficiency, but technology-driven scheduling and block management can help close the gap.
2. Pre-authorization approval rates fell from 26% to 21%, potentially affecting scheduling. By contrast, insurance verification rates reached 92%, outperforming the industry average of 78%.
3. Case cancellation rates improved from 21.4% to 20.6%. Patient decisions accounted for 44% of cancellations, while 16% were due to reschedules.
4. Deposit collection rates dropped from 75% to 66%, showing fewer patients are paying upfront.
5. Net revenue per case declined slightly from $4,849 to $4,733. Still, billing efficiency improved — average days to bill fell from 11 to 8, and claim denial rates decreased from 18% to 15%, easing some revenue cycle pressures. Case volume held steady at about 20 monthly cases.
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.