Leadership

Here are three major trends that ASCs will need to keep a sharp eye on to remain successful in the coming year. 

Here are five key statistics that are shaping the ASC industry this year:

Nearly 10 million workers received a raise after minimum wage increases went into effect for 22 states on Jan. 1, according to a recent analysis from the Economic Policy Institute. 

The total compensation package for many ASC leaders jumped considerably in the last year, according to data from the 2023 OR Manager survey.

There are fewer ASCs at the extreme ends of the operating budget spectrum in 2023 than there were in 2022, according to data from an OR Manager survey.

ASC leaders on average report a $120,000 salary, while vice presidents and chief nurse executives are earning more, according to an OR Manager survey.

The next five years could bring a large exodus of ASC leaders, according to an OR Manager survey.

Sri Sundaram, MD, electrophysiologist at South Denver (Colo.) Cardiology Associates, joined Becker's to discuss why declining physician pay is the trend he's the most concerned about in 2023. 

The five richest physicians are ending 2023 with a combined net worth of nearly $35 billion, according to Forbes' real-time net worth tracker. 

Many healthcare leaders are worried about industry consolidation as physicians continue to opt for employed models over private practice.