ASCs operating under limited life certificates are required to provide and document charity care and care to Medicaid patients, but the amount of care is not specified. Rather, when submitting an application for an operating certificate, ASCs must provide an estimation of the amount of charity and Medicaid care expected, according to the report.
The council granted Surgicare of Manhattan initial approval for a limited life certificate in 2010. The surgery center estimated 4 percent of its procedures would be Medicaid and charity care cases, but the New York Department of Health found 1.5 percent of its cases were charity care and 0.03 percent of its cases were Medicaid cases in 2014. The center generated approximately $8 million in net income between 2013 and 2014, according to the report.
A number of the Public Health and Planning Council members have argued for ruling against approval of the ASC’s request for an extension.
More articles on transactions and valuation issues:
ASC owners ready to sell: Are you putting yourselves at risk?
100 new outpatient surgery centers in 2015
Virginia’s CON program could come to an end: 3 things to know
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.