Facing increasing obstacles to access economies of scale, including rising practice costs and decreasing reimbursement, physician groups are increasingly consolidating.
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Earlier this year, Congress reduced physician pay rates under Medicare Part B by 1.7%, following a 2% cut in physician reimbursements in 2023.
Nearly half of physicians are in support of accepting more Medicare patients at their practice, according to Medscape's 2024 "Medscape Doctors Evaluate Medicare and Medicaid Report 2024," published July 12.
In June, U.S. Senators Elizabeth Warren and Ed Markey of Massachusetts introduced legislation targeting "corporate greed and private equity abuse" in the healthcare industry.
The ASC market in the U.S. is projected to reach $60.8 billion by 2030, up from the most recent valuation of $40.4 billion from 2023.
CMS released proposals to update cardiovascular disease risk assessment and risk management services.
The Johnson City (Tenn.) Eye Surgery Center has broken ground on a new ASC, according to a July 11 report from CBS affiliate WJHL.
University of Alabama at Birmingham Health System affiliate UAB Medical West has opened a 127,000-square-foot, seven-story medical office building.
Although the ASC industry is largely fragmented, independence is becoming increasingly difficult as practice costs soar and healthcare consolidates.
St. Louis-based Ascension saw a $3 billion operating loss in fiscal year 2023, and its sustainability strategy includes selling off major hospitals in their system.