If signed into law, the bill would increase fees for most healthcare providers — hospitals were raised from up to $300 to up to $5,000 — which lawmakers say will help bring in $1.3 million in revenue per year.
The bill would exempt more healthcare providers from needing to apply and makes it easier for hospitals to expand. It also proposes decreasing the certificate-of-need application process by 75 days.
Both the Tennessee House and Senate have passed the bill. It now awaits the signature of the House speaker and the governor.
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.