Surgery centers don’t provide cost data to CMS. Without that data, MedPAC will argue it can’t document growth over time, determine profit margins or evaluate the adequacy of Medicare payments.
Commission Chairman Francis Crosson said, “It’s very difficult for this commission to make a recommendation for increased payments” without knowing what surgery centers pay for drugs, medical supplies, equipment, labor, building expenses and professional services.
MedPAC is also recommending CMS require surgery centers to submit cost data going forward.
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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.