Author's posts
How ASC leaders are bracing for a possible recession
The U.S. is currently facing increasing economic headwinds, with economists predicting the costs of goods to rise as a result of President Donald Trump’s tariff plan. Healthcare experts found that 82% of hospitals expect costs to increase by at least 15% if pharmaceutical tariffs are imposed, and 90% of experts expect procurement disruptions. Additionally, economists […]
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Does the physician payment system favor large hospital systems?
While all physician specialists must undergo years of grueling training, long work hours and high-stress work days, some are favored more by Medicare payment systems than others. A number of factors, including specialty and workplace, can determine how physicians are compensated. As Medicare continues to cut reimbursement rates, the cost of practicing continues to increase […]
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Testing laboratory recalls ophthalmic products
Five eye products sold nationwide have been recalled due to manufacturing deviations, according to a May 12 report from CBS affiliate WKRC. The products were voluntarily recalled by independent contract testing laboratory BRS Analytical Service. The manufacturing issues, which may lead to quality issues for the products, were discovered during a recent FDA audit. Affected […]
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ASCs struggle to escape acquisition pressures
As more procedures migrate to the outpatient setting, hospitals have a growing interest in adding ASCs of their own. Oftentimes, it is more cost-effective for large health systems to pursue acquisitions or joint ventures than starting a new facility from scratch. This means that existent independent ASCs are facing more pressure to sell out to […]
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Major ASC market trends for leaders to know
The ASC industry is changing rapidly, as more cases move from the hospital to the outpatient setting. In addition, more health systems are pursuing joint venture partnerships with ASCs to grow their reach and save and manage costs. John Peloza, MD, an orthopedic spine surgeon at Midwest Orthopedic and Spine in Chicago, spoke with Becker’s […]
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NYU Langone Health opens new ambulatory facility
New York City-based NYU Langone Health has opened a new ambulatory care facility in Westhampton Beach, N.Y. The facility will offer primary care, cardiology and endocrinology, according to a May 8 press release. It will complement NYU Langone’s additional Long Island ambulatory care sites in Bridgehampton and Riverhead, N.Y. The 6,000-square-foot surgery center houses 14 […]
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Former patients sue Tennessee ASC following post-surgical infections
Knoxville, Tenn.-based Parkwest Surgery Center is facing lawsuits from a number of former patients alleging they received “persistent and aggressive infections” following surgical procedure due to negligence at the facility, according to a May 7 report from NBC affiliate WBIR. Several of the patients named in the lawsuit underwent knee surgeries at the ASC in […]
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Colonoscopy reimbursement cuts spell trouble for patient care
As rates of colorectal cancer, especially among young patients, rise in the U.S., reimbursement cuts to screening procedures may spell trouble for the industry. Over the last 20 years, reimbursement rates for screening colonoscopies, when considering inflation, have dropped by nearly 50%. On top of that, gastroenterologists are feeling underpaid as salaries have struggled to […]
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Anesthesia device market disrupted by tariffs
Tariffs imposed by President Donald Trump’s administration have impacted several realms of healthcare, from drug costs to medical device pressures. The anesthesia and respiratory device market could be the next to be targeted, according to a May 8 report from Express Healthcare. Currently, 67% of FDA-cleared anesthesia and respiratory devices are manufactured outside of the […]
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New Jersey medical office building sells for $18M
A medical office building in Montclair, N.J., has sold for $17.9 million, according to a May 8 report from Real Estate NJ. The 41,000-square-foot facility was purchased by a joint venture between BGO and Anchor Health Properties. The seller has not been disclosed. The building, fully leased by Summit Health, has been open for four […]
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