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ASC Coding, Billing & Collections

The Medicare Payment Advisory Commission, an independent congressional agency advising Congress on Medicare-related issues, recommended several changes for ASCs next year in its annual report to Congress, released March 15.

Physician-owned ASCs and practices reported revenue declines in 2020 and lower Medicare spending when elective procedures were canceled or postponed during the pandemic. Revenue declines continued after elected procedures resumed at facilities across the U.S.

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Nearly all ASCs suffered a loss when elective surgeries paused in the spring of 2020. ASCs with highly functioning business operations have not only overcome those losses, but will benefit from a rebounding and growing market. ASCs with orthopedics have…

CMS and commercial payers are adopting new policies that push providers and patients out of the hospital and into surgery centers, The National Law Review reported Feb. 24.

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