OptumCare, based in Basking Ridge, N.J., is set to lay off 160 employees, according to a WARN notice posted on the New Jersey Department of Labor and Workforce Development website.
As physicians and ASCs face increasing obstacles in securing reimbursements from insurance companies, many are looking to direct-pay or cash models to cut out the need for payers.
As major gastroenterology organizations have recently made changes to guidelines regarding the quality indicators surrounding colonoscopy, gastroenterologists are reconsidering how they can keep up with new requirements and best practices.
Gastroenterology, while still largely independent, has seen an overall increase in consolidation with the rise of supergroups like Dallas-based GI Alliance.
Declining reimbursements in the face of soaring inflation and an increased demand for healthcare is a frustrating, but familiar, scenario for many ASC leaders and physicians.
Employed physicians have reported higher levels of burnout, anger and anxiety compared to independent physicians, according to a recent Physicians Foundation survey.