The following highlights another 10 terrific statistics on ASCs from the 2007 Multispecialty ASC Intellimarker. This publication is authored by VMG Health, an outstanding valuation firm with a focus on ASCs. You can e-mail Greg Koonsman and VMG or call…
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By all accounts, GI as a specialty — and especially GI ASCs — will be hit the hardest by CMS's restructuring of the ASC payment system. But the situation is not as dire as it may seem at first glance,…
This article describes certain strategic options that specialty hospitals can evaluate in light of the Drug Bill. The Drug Bill includes amendments to the Ethics in Patient Referrals Act, 42 U.S.C. §1395nn, as amended (the “Stark Act”), and the regulations…
The Medicare Payment Advisory Commission (MedPac) was mandated by last year's Medicare Modernization Act (MMA) to assess the impact of specialty, physician-owned hospitals on general hospitals and how the current diagnosis related group ("DRG") payment system should be updated to…
3 Tips for HIT Success Ensuring your success as a customer in new technology ventures mainly rests on three key issues. 1. Selecting an appropriate solution. It’s important to have a good understanding of your current processes in order to…
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ASCs, with a little diligence, can implement and reap the benefits of electronic medical records, digital dictation, coding and billing software, inventory management, and cost- and quality-data gathering, say experts.
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A code of conduct is simply one piece of an overall compliance plan. It puts forth a number of core concepts that should be incorporated into the compliance plan. Often, a surgery center will have a difficult time administering and…
Stephanie Wasek: From your perspective, what's the immediate impact of the new Medicare payment system on ASCs? Caryl Serbin: For the most part, I think everybody is just really trying to get their arms around what the changes are, do…
Brent Lambert, MD, FACS, suggests the following seven reasons that ASCs fail and offers advice for improvement.