ASC News

The surgery center atPennsylvania Hospital, in South Philadelphia, posted the area's highest net income in fiscal year 2020 with almost $6.4 million, according to Pennsylvania Health Care Containment Council data first reported Nov. 17 in Philadelphia Business Journal.

The Ambulatory Surgery Center Association recently launched a yearlong mentoring program for ASC administrators.

Medical groups across the U.S. face unsustainable revenue trends as the pandemic lingers, according to an American Medical Group Association report.

Yakima (Wash.) Valley Memorial is permanently closing three outpatient clinics to consolidate services and help address staff shortages, yaktrinews.com reported Nov. 16.

While hospitals can often offer higher salaries for physicians, ASCs can offer consistency and ownership stake. 

CMS solidified changes to the Open Payments program in its 2022 Medicare physician fee schedule final rule. 

CMS plans to cut physician pay by 9 percent in 2022, while costs to run an independent practice continue to rise.

Former U.S. House representative and presidential and Senate candidate Beto O'Rourke, a Democrat, announced he will run for governor of Texas, according to a Nov. 15 Dallas News report.

Surgery Partners grossed $320.9 million in closing its underwritten public offering of 6.9 million shares, beating its projection by $41.9 million, according to a Nov. 15 news release.

Parker, Colo.-based Milestone Surgery Center has begun using IntelliCentrics' credentialing platform to speed up its physician onboarding, IntelliCentrics said Nov. 15.