What you should know:
1. The system saw improvements in operating cash flow, total cash flow and revenue for the quarter.
2. However, its total surgical caseload decreased by 1.1 percent to 18,106, and its ASC caseload decreased by 24 percent.
3. The system said the ASC-related decreases can be attributed to the restructuring of two of its joint venture surgery centers. Because of the restructuring, Ballard said it would “no longer [consolidate] the volumes for reporting purposes.”
4. Ballard said Tennessee residents have embraced lower-cost settings. The hospital decreased its number of emergency room visits by 5,000 in the quarter and increased the number of urgent care visits by 4,000.
Read the full story here.
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
