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.
ASC Coding, Billing & Collections
Medicare reimbursement for the 10 highest-volume procedures performed in ASCs is projected to increase 2.8 percent this year, according to a report from VMG Health.
Four recent stories about physicians:
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…
A federal grand jury in Kentucky charged two surgeons this week with illegal opioid distribution, healthcare fraud and healthcare fraud conspiracy.
Advertisement
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.
Four updates on CMS:
The bipartisan No Surprises Act (“the Act”) was enacted on December 27, 2020. The Act provides comprehensive patient protection against surprise medical bills that occur when a patient receives a bill for the difference between an out-of-network provider’s charge and…
President Joe Biden issued an executive order to reopen the ACA marketplace on Feb. 15 for expanded enrollment during the pandemic to give more Americans access to health insurance.
The U.S. has more than 900 health insurance companies that provide medical coverage.