Cardiology in ASCs continues to evolve, with efficiency gains driving higher revenue per OR minute — rising from $104.46 in 2023 to $132.88 in 2024, according to data from HST Pathways.
Here are five things to know about cardiology ASCs:
1. OR block utilization rose from 27% to 32%, reflecting a significant operational gain. Cardiology centers remain well below the 70% benchmark for efficiency, but technology-driven scheduling and block management can help close the gap.
2. Pre-authorization approval rates fell from 26% to 21%, potentially affecting scheduling. By contrast, insurance verification rates reached 92%, outperforming the industry average of 78%.
3. Case cancellation rates improved from 21.4% to 20.6%. Patient decisions accounted for 44% of cancellations, while 16% were due to reschedules.
4. Deposit collection rates dropped from 75% to 66%, showing fewer patients are paying upfront.
5. Net revenue per case declined slightly from $4,849 to $4,733. Still, billing efficiency improved — average days to bill fell from 11 to 8, and claim denial rates decreased from 18% to 15%, easing some revenue cycle pressures. Case volume held steady at about 20 monthly cases.
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