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As ASC industry booms, hospitals look to outpatient models
It’s no secret that orthopedic care is one of many specialties migrating to the outpatient setting, and hospitals and health systems are making several strategic shifts to keep up with this trend.
Physician-owned hospital pays $1.2M to settle billing fraud claims
Oklahoma Heart Hospital South, a physician-owned hospital based in Oklahoma City, paid $1.2 million to settle billing fraud allegations May 16.
National Medical Billing Services acquires Medi-Corp
National Medical Billing Services acquired anesthesia, ASC and pain management revenue cycle management provider Medi-Corp, according to a May 17 news release shared with Becker’s.
ASCs battle the ‘rising cost of everything’
For many ASC leaders, the biggest obstacle to care is skyrocketing costs driven by supply and labor shortages, as well as a 40-year inflation apex of 8.5 percent.
5 firsts for ASCs
Here are five ASCs Becker’s has reported on since April 28 that have made waves by achieving respective firsts:
4 orthopedic updates for ASC leaders
From a new orthopedic-focused ASC to a robot-assisted knee replacement, here are four orthopedic updates to know:
Private equity & ASCs: 6 updates in 30 days
Private equity-backed groups are making headway in the ASC industry. Here are six private equity updates from the last month:
$10.9 million loan will expand North Dakota county’s ambulatory surgery services
Canado, N.D.-based Towner County Hospital Authority has secured a $10.9 million loan that will expand its ambulatory surgery offerings, U.S. Sen. Kevin Cramer, R-N.D., said May 13.
$14M Pennsylvania medical office building sold
A medical office building in Pennsylvania’s Allegheny County has been sold for $14 million, its seller Colliers, an investment management company, said May 16.
Arizona endoscopy center to open in summer
Glendale, Ariz.-based Arrowhead Endoscopy Center is in construction and set to open in summer, Phoenix Business Journal reported May 12.
