Payers are incentivizing physicians to perform procedures in low-cost settings, which means ASCs are becoming increasingly attractive, according to ASC leaders.
Patsy Newitt
Seventy percent of free-standing ASCs are independently owned and operated, according to VMG Health's "2022 M&A Report."
Elevance Health, the insurer formerly known as Anthem, is one of the biggest payers by members with 39.9 million members.
Texas is an ASC hot spot. The state ranks third in number of ASCs in the country, according to a report from the Ambulatory Center Centers Association.
Radiology saw the highest pay jump among physician specialties in the last year, according to Merritt Hawkins and AMN Healthcare's 2022 "Review of Physician and Advanced Practitioner Recruiting Incentives."
Increasing consolidation and COVID-19 have accelerated private equity's interest in ASCs.
As procedures increasingly move to ASCs, the way hospitals are used is shifting, according to Brian Bacot, MD, orthopedic surgeon at Comprehensive Orthopaedic Global in St. Thomas, Virgin Islands.
The Permanente Medical Group is the nation's largest, with 10,007 physicians, according to Merritt Hawkins and AMN Healthcare's 2022 "Review of Physician and Advanced Practitioner Recruiting Incentives."
The U.S. could see a shortage of 54,100 to 139,000 physicians by 2033, according to data from the Association of American Medical Colleges cited in a July 25 Time report.
The HHS Office of Inspector General has issued a fraud alert for physicians entering telemedicine arrangements, according to a July 25 article in JDSupra from the law firm Sheppard Mullin Richter & Hampton.
