CMS to pay for some cardiology procedures in ASCs & more — 10 ASC industry notes

Here are 10 updates on ASC companies and industry-relevant companies to note:

CMS will pay for certain angioplasty and stenting procedures in ASCs beginning Jan. 1, under its 2020 Medicare Hospital Outpatient Prospective Payment System and ASC Payment System Final Rule. Read more

ASC and surgical hospital owner Medical Facilities Corp. released its third-quarter results. Read more.

Dallas-based Tenet plans to pay around $66 million to settle a lawsuit alleging the company violated the False Claims Act, Anti-Kickback Statute and Stark Law related to services performed at one of its hospitals. Read more

Landmark Surgery Center relocated from Saint Paul, Minn., to Woodbury, Minn., on Sept. 23 to accommodate growth and improve accessibility.

Atlanta-based Morehouse School of Medicine applied for a certificate of need to build a $26.5 million ASC on its campus. 

Healthcare Realty Trust purchased a class A medical office building in Raleigh, N.C., for $21.6 million from Wake Internal Medicine Consultants.

Lockport, N.Y.-based Eastern Niagara Hospital filed for Chapter 11 bankruptcy protection Nov. 7, citing, among an array of expenses, debt acquired from opening a surgery center.

Westchester, Ill.-based Regent Surgical Health made three executive hires, promoting talent from within as well as outside the company.

ASC billing company Regent Revenue Cycle Management promoted Gina Tolbert to revenue cycle manager. 

ASC revenue cycle services provider Surgical Notes and patient relationship management software maker Simple Admit partnered to create a hybrid technological offering.

More articles on surgery centers:
Competition between ASCs, physician practices could ramp up: 2 reasons why
Are ASCs ready for cardiovascular procedures in 2020? 6 insights from 2 executives
5 ASC market insights: Physician ownership, single-specialty centers & more

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