7 things for ASC leaders to know for Thursday — Aug. 11, 2016

Here are seven updates:

Surgery Partners Q2 revenue hits $289.7M
The company's total revenues rallied 24.4 percent to $289.7 million during the second quarter, up from $232.8 million during the second quarter last year. Surgery Partners' same-facility revenues totaled $279.7 million during the second quarter, up 14.9 percent from $243.5 million during the same period in 2015.

Federal judge to stay on Aetna-Humana case, orders reassignment of Anthem-Cigna
U.S. District Judge John D. Bates of the District of Columbia ordered the Anthem-Cigna merger case be reassigned to another judge. The judge will stay on the Aetna-Humana case.

Sweet Dreams Nurse Anesthesia settles False Claims allegations for $1M+: 5 key notes
Alpharetta, Ga.-based Sweet Dreams agreed to pay the United States $1.03 million and the state of Georgia $12,078.79 to resolve allegations about the practice violating the False Claims Act and the Georgia False Medicaid Claims Act. Sweet Dreams Nurse Anesthesia allegedly paid kickbacks to providers to encourage Medicare and Medicaid patient referrals.   

New medical devices spur Medicare billing increases
Medicare billing data from 2012 to 2014 revealed four of the top 10 most rapidly growing Medicare services involved new devices. The four device-related Medicare services increased to $135 million in the aforementioned time frame, and Medicare paid providers for 11,488 services in 2014.

94% of providers are ready for value-based care
A 2016 HealthLeaders Media Value-Based Readiness Survey found 94 percent of respondents are on a path for some form of value-based care. Thirty-five percent of providers reported participating in early efforts or pilot programs for value-based care.

Dr. Farzana Rashid Hossain appointed to 1st Philadelphia Commission for Women
Farzana Rashid Hossain, MD, will serve on the first Philadelphia Commission for Women, an organization aimed at building relationships and creating equitable opportunities for women in the Philadelphia workforce. Dr. Rashid Hossain is an assistant clinical medicine professor and a gastroenterologist at the Perelman School of Medicine in Philadelphia.

Bryan Health breaks ground on $25M ASC, medical building
Lincoln, Neb.-based Bryan Health broke ground on a new $25 million ambulatory surgery center and physician office building. Equipped with six surgical suites, the ASC will offer services including orthopedics, podiatry, gynecology, dental, plastics and general surgery.

More healthcare news:
Latest trends in outpatient orthopedics: 5 ASC industry experts weigh in
Valeant, Norgine partner for bowel-cleansing solution; EndoChoice's Q2 net loss totals $24.7M: 3 GI company key notes
Examining an employer's obligation to continue health insurance during leave or extended absences: 5 things your ASC needs to know

© Copyright ASC COMMUNICATIONS 2018. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months