The net inflation adjustment for ASCs is 3.1% in 2024, a full percentage point higher than the average since 2015.
In the past 10 years, the net inflation adjustment has only been above 3% twice: in 2023 and 2024, largely caused by labor and supply cost pressures, according to a Feb. 13 news release from VMG Health.
The lowest the net inflation adjustment has been in the past 10 years was in 2016, when it was 0.3%. The Inflation adjustment peaked in 2023, reaching nearly 4%.
Here are the ASC annual net inflation adjustments each year since 2015:
2015: 1.4%
2016: 0.3%
2017: 1.9%
2018: 1.2%
2019: 2.1%
2020: 2.6%
2021: 2.4%
2022: 2%
2023: 3.8%
2024: 3.1%