Channel Sponsor - Coding/Billing/Collections

Sponsored by National Medical Billing Services | info@nationalASCbilling.com | (636) 273-6711

Pennsylvania ASCs report 1.1M visits in 2017, generating $1.3B total net revenue

The Pennsylvania Health Care Cost Containment Council released finance statistics on 289 ASCs operating in the state.

Here are the key statistics to know:

1. The total profit margin for Pennsylvania's ASCs decreased .31 of a percentage point compared to fiscal year 2016. The average operating margin dipped .20 of a percentage point.

2. ASCs reported 1.1 million outpatient visits during the 2017 fiscal year.

3. The net outpatient revenue for ASCs increased 3.3 percent from $1.3 billion to $1.34 billion for the 2017 fiscal year.

4. ASCs performed 985,104 outpatient surgical procedures in the 2017 fiscal year, which is an increase from the 974,873 performed the year prior.

5. Procedures performed at ASCs represented 25.9 percent of the total outpatient surgical procedures performed in Pennsylvania; 74.1 percent were performed at general acute care hospitals' outpatient departments. 

More articles on coding, billing and collections:
3 things to know about CMS' plan to pay more for Exparel in ASCs than hospitals
Maximize your 2018 reimbursements: Know your health plans, know your market, and stay on top of trends
BPCI Advanced to include bundled payments for 3 outpatient clinical episodes: 5 insights

© Copyright ASC COMMUNICATIONS 2018. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months