7 things for ASC leaders to know for Thursday — May 3, 2018

Here are seven updates for ASC leaders to know for May 3, 2018.

Mount Sinai Queens opens $180M ambulatory pavilion
New York City-based Mount Sinai Queens opened its six-story, $180 million ambulatory health pavilion April 26. The health system's 140,000-square-foot ambulatory center expands its emergency department and outpatient services.

WellStar Health breaks ground on outpatient surgery center
Marietta, Ga.-based WellStar Health broke ground on an outpatient surgery center May 1. The surgery center will be 25,000 square feet and spread across one level.

Federal court dismisses Envision's case against UnitedHealthcare, orders arbitration
Minnetonka, Minn.-based UnitedHealthcare and Nashville, Tenn.-based Envision Healthcare will be forced to arbitrate, after the U.S. District Court of Southern Florida granted United's motion to compel arbitration and its stay of action. The companies have been in a legal battle since March.

HCA performed 230k outpatient surgeries in Q1
HCA Healthcare announced its first quarter fiscal year 2018 earnings, posting revenues of $11.42 billion. HCA's outpatient surgery centers increased their reported cases by 2.2 percent and HCA has added two centers since the same period last year, reaching a total of 120 freestanding ASC as of the quarter's end.

ASC market has $100B in its sights by 2024
A Global Market Insights report notes that the ASC market could surpass $94 billion in total value by 2024. GMI attributes the growth to the rising prevalence of chronic diseases and the success of the ASC model. Analysts believe as more procedures migrate from inpatient to outpatient, reimbursement will follow.

Casetabs reaps $6M in series A funding, investment from Nueterra Capital
Casetabs received $6 million in series A funding to scale its surgery coordination application. Nueterra Capital — the parent of NueHealth Holdings — led the funding round, along with Evolution Financial Group.

Task force releases intraocular surgical instrument sterilization guidelines for ASCs
The Ophthalmic Instrument Cleaning and Sterilization Task Force released guidelines for the cleaning and sterilization of intraocular surgical instruments in ASCs. The guidelines are an update of original recommended practices published in 2007. Many of the recommendations are made with respect to all surgical procedures.

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