7 things for ASC leaders to know for Monday — March 21, 2016


Here are seven updates:

Medical Facilities Corp. revenue hits $90M in Q4
Medical Facilities Corp. had consolidated facility service revenue from continuing operations reaching $89.8 million for the quarter, up 8.9 percent from the same period the year prior. For the quarter, consolidated facility service revenue from continuing operations reached $308.8 million in 2015, up 3.8 percent from $297.4 million in 2014.

Surgery Partners proposes $400M senior notes offering
Surgery Partners' Surgery Center Holdings proposed a $400 million aggregate principal amount of senior unsecured notes due 2021. Each Surgery Center Holdings' domestic wholly owned subsidiary will guarantee the notes under its senior secured credit facilities.

AmSurg's Columbus Eye Surgery Center celebrates 20 years
AmSurg Partners Robin Beran, MD, Richard Orlando, MD, and now retired Robert A. Bruce, MD, all celebrated the ASC, which they founded 20 years ago.

Surgery Center of Beverly Hills performs charitable cases for children
Special Surgical Center of Beverly Hills (Calif.) and nonprofit Mending Kids are partnering to provide free surgeries for children. Special Surgical Center of Beverly Hills will perform the surgeries for children whose families can't afford the procedures.

The Joint Commission releases its 2016 Ambulatory Care National Patient Safety Goals
The Joint Commission released the 2016 Ambulatory Care National Patient Safety Goals, which focuses on various aspects of patient safety. One goal includes medical professionals labeling all medication prior to the procedure, including those in syringes and cups.

CMS finalizes its annual Notice of Benefit and Payment Parameters
CMS recalibrated the risk adjustment formula for the quality health plan payment parameters using recent data. The new formula includes separate growth rates for traditional drugs, specialty drugs and medical/surgical expenditures.

GOP budget that would repeal ACA moves to House floor
Last week, the House budget panel's 2017 budget readily moved forward with only two Republicans voting to send the bill to the floor. All of the House Budget Committee's Democrats oppose the bill and the House GOP can only lose 28 votes to ensure the bill goes through the House.

More healthcare news:
8 provisions of CMS' annual notice of Benefit and Payment Parameters
6 findings on Healthcare M&A in 2014
4 ASCs investing in GI technology

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