Physician practice bankruptcy filings hit a six-year high in 2024, according to a report on Chapter 11 bankruptcy filings from healthcare restructuring advisory firm Gibbins Advisors. Here are five major healthcare bankruptcies in the last year affecting physicians: 1. Physician…
Patsy Newitt
California’s ASCs play a crucial role in expanding patient access to high-quality, cost-effective surgical care, but financial sustainability remains a pressing concern for many leaders. Bradley Heaton, CEO of the surgery center division at Sacramento, Calif.-based Sutter Health, joined Becker’s…
Independent ASCs in the United States face daunting financial challenges as they seek to remain autonomous and resist being acquired by health systems or private equity-backed entities. Most independent ASCs are unable to leverage a corporate parent or rely on…
A $25.6 million malpractice lawsuit against orthopedic surgeon Richard Edelson, MD, is now underway, NBC affiliate KGW8 reported March 11. The lawsuit was filed by former Portland (Ore.) Timbers goalkeeper Jake Gleeson, who alleged that a 2018 surgery ended his…
A physician, several home health agencies and a laboratory have been indicted for their role in a $7.8 million fraud and kickback scheme scheme. Maria Batilo, MD, was indicted for allegedly participating in illegal kickback arrangements and submitting fraudulent Medicaid…
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Gastroenterologists are facing increasing financial strain as reimbursement rates continue to decline. A study published in The American Journal of Gastroenterology found that between 2007 and 2022, unadjusted average reimbursement for GI procedures dropped by 7%, while inflation-adjusted rates plummeted…
As ASCs continue to grow in popularity, they face increasing competition from hospital outpatient departments. Alejandro Badia, MD, founder and CMO at Miami-based Badia Hand to Shoulder Center, joined Becker’s to discuss how ASCs can differentiate themselves from HOPDs. Question:…
Bradley Heaton, CEO of the surgery center division at Sacramento, Calif.-based Sutter Health, joined Becker’s to discuss the health system’s evolving ASC strategy and its plans for expansion. “The ASCs within our system are a critical part of that work…
The next major growth opportunity for ambulatory ASCs may lie in partnerships with other outpatient facilities, such as urgent care clinics and orthopedic walk-in centers, according to Alejandro Badia, MD, founder and chief medical officer of Miami-based Badia Hand to…
Anesthesia providers continue to face significant financial challenges as reimbursement rates decline and workforce shortages loom. Here are 10 numbers that highlight the growing crisis in anesthesia reimbursement: 1. The average anesthesia reimbursement rate for 2023 was $21.88 per unit,…