Editor’s note: This response was edited lightly for brevity and clarity.
Josh Troast: Margins for ASCs are typically smaller and more difficult to establish when compared to a hospital, thus efficiency in operations and costs are necessary for ASC viability. ASCs are crucial to lowering the cost of care and are becoming more attractive to payers due to the cost effectiveness.
Patients are also driving the demand to the ASC as they continue to encounter higher deductibles and increasing patient responsibility for payment. Over the next five years it will be crucial for payers, both commercial and federal, to recognize the shift in care to the ASC environment and to align payor incentives and strategies aggressively around this environment. Improved patient outcomes and lowered overall cost of care can be achieved with ASC partnership, but it will require a concerted effort to recognize the value of the ASC.
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.