Five ASCs in the area generated profits of over $4 million in 2022, while five lost more than $2 million, according to the latest financial report of outpatient care facilities issued by the Pennsylvania Health Care Cost Containment Council.
Overall, ASCs in the state saw an 8 percentjump in revenue from the previous year.
The Chalfont, Pa.-based Children’s Hospital of Philadelphia Specialty Care & Surgery Center saw the largest profit in the region at $5.98 million on revenue of $10.4 million.
The other four regional ASCs earning over $4 million include the Philadelphia Surgery Center in Narberth ($5.13 million), Bucks County Surgical Suites in Warrington ($5.13 million), Crozer Health Surgery Center at Haverford ($4.48 million) and Riddle Surgery Center in Media ($4.26 million).
The biggest financial loss was faced by Center City-based Jefferson Surgical Center, which saw a loss of $5.5 million.
Other facilities with above a $2 million deficit include Physicians Care Surgery Center in Royersford (-$3.75 million), Doylestown Surgery Center (-$3.11 million), Muve-Warminster (-$2.13 million) and Ambulatory Surgery Center of Bala Cynwyd (-$2.1 million).
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.