Channel Sponsor - Coding/Billing/Collections

Sponsored by National Medical Billing Services | info@nationalASCbilling.com | (636) 273-6711

800K+ cataract surgeries: 15 statistics on ASC procedures, revenue

 

Reports from healthcare intelligence company Definitive Healthcare and HealthCare Appraisers outline the revenue generated by ASCs, as well as the top procedures performed.

Definitive Healthcare listed the top 10 procedures at ASCs using 2017 data from its commercial claims analytics platform.

The top 10 procedures:

1. Cataract surgery with intraocular lens implant, 1 stage: 848,563
2. Aspiration from or injection into a major joint (shoulder, hip, knee): 592,390
3. Injection of drug into the eye: 225,248
4. Injection of transforaminal epidural into lumbar.sacral spine: 218,745
5. YAG Laser Capsulotomy; after cataract laser surgery: 181,564
6. Injection(s) of diagnostic or therapeutic substance(s) into lumbar/sacral spine (i.e. anesthetic, opioid, steroid): 143,457
7. Paravertebral injection to facet joint, lumbar/sacral spine, 1 level: 138,535
8. Paravertebral injection to facet joint, lumbar/sacral spine, 2 level: 107,268
9. Injection of nerve block (anesthetic agent): 100,024
10. Create eardrum opening: 97,654

HealthCare Appraisers and the Ambulatory Surgery Center Association collected data from 26 companies, including ASC management companies, investment bankers and business brokers, to compile its report.

Average ASC size in net revenue under management:

- Less than $5 million: 23 percent
- $5 million to $10 million: 57 percent
- $10 million to $20 million: 7 percent
- Greater than $20 million: 13 percent

More articles on benchmarking:
The 10 best, worst states for health system performance
How many ASCs are under company ownership & management?
Changes in store for ASC markets: Implant costs, payer rates & more

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months