The proposed changes would eliminate the need for a CON in relation to operating rooms, GI/endoscopy procedure rooms, acute care beds and psychiatric beds, amongst several other services.
The CON program would maintain its definitional rules and performance standards, according to the report. Under the state’s reporting requirements, ASCs are required to report charges and reimbursement for the 20 most common surgical procedures and outpatient imaging procedures. But, at the end of last year the state updated the reporting requirements from quarterly to annual.
More articles on transactions and valuation issues:
Virginia’s CON program could come to an end: 3 things to know
NY ASC at risk of losing operation certificate for inadequate Medicaid, charity care
ASC owners ready to sell: Are you putting yourselves at risk?
