ASC Coding, Billing & Collections

Physician groups have incurred significant financial losses due to elective case restrictions, putting many on the brink of insolvency.

Several outpatient physicians and executives spoke to the Observer-Dispatch about New York's executive order that excludes ASCs from resuming elective surgeries.

Certificate-of-need laws were established in 1964 when New York became the first state to pass legislation, and since then have had a constant and highly-politicized presence in the healthcare realm, according to the National Conference of State Legislatures. 

Smith+Nephew entered into a strategic partnership with National Medical Billing Services to provide revenue cycle management solutions to ASCs across the U.S.

Social distancing measures and commerce restrictions have cost Americans more than 26 million jobs, and with nearly 180 million people relying on employer-sponsored health plans, swelling unemployment could hurt health systems' ability to address the COVID-19 surge.

Medical billing company Change Healthcare laid off several workers April 24 due to the COVID-19 pandemic, according to The Post-Star.

Wyomissing, Pa.-based Berks Ambulatory Surgery Center received a $100,000 loan from the Pennsylvania Department of Community and Economic Development, according to the Reading Eagle.

Roughly one-third of Washington solo practice and multispecialty group physicians who responded to a recent survey will run out of cash on hand in a matter of weeks, DeseretNews reports.

The days of surprise medical billing may be numbered due to emerging legislation around the COVID-19 pandemic. 

Surgical practices are among the businesses at risk of insolvency because of the COVID-19 pandemic, which has major implications for the future of healthcare, Stateline reports.