Here are three takeaways:
1. Valuation multiples for ASCs such as total invested capital and earnings before interest, taxes, depreciation and amortization increased from 6.6x in 2016 to 6.8x in 2017.
2. VMG expects the trend of ASC consolidation to continue in 2018 as centers seek protection from competitive risk and health centers diversify.
3. Also driving multiples growth is the high demand for outpatient surgery, regulatory tailwinds pushing outpatient volume and favorable economic variables for ASCs.
More articles on coding, billing and collections:
How to improve the ASC preauthorization process — 8 key steps
Avoid these 5 medical coding mistakes — or risk losing thousands
How Georgia ASC payments changed after the 2014 fee schedule update — 3 study findings
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.