Category: ASC Coding, Billing and Collections

3 fast facts on ASC operating costs 

Here are three breakdowns of ASC operating costs to know:

CMS bumps ASC payments to 3.8 percent in final rule

 CMS updated ASC payment rates to 3.8 percent in its 2023 “Hospital Outpatient Prospective Payment System and Ambulatory Surgical Center Payment System Proposed Rule.” 

ASC that closed due to ‘adverse business conditions’ struggling to collect payments

The Surgery Center of Fort Collins (Colo.) is working on collecting past due bills more than two months after it announced it was closing for good, according to BizWest reported Oct. 26.

UnitedHealth vs. Centene vs. Elevance in Q3

Payers UnitedHealth, Elevance (formerly known as Anthem) and Centene are some of the largest insurers by membership. 

3 physician, PA fraud cases in 3 weeks

Becker’s has reported on three physician or physician assistant fraud cases since Oct. 6. 

Elevance Health facing Medicare fraud suit, and 4 more updates

Here are five updates from Elevance Health, formerly Anthem, since Oct. 5. 

One ASC leader’s tips for lowering operating costs

Prashanth Bala, vice president of ASC operations at Shields Health in Quincy, Mass., spoke with Becker’s Oct. 21 to discuss tips for lowering ASC operating costs.

Physician pay is decreasing in these specialties

Physician pay is decreasing in four specialties, according to Merritt Hawkins and AMN Healthcare’s 2022 “Review of Physician and Advanced Practitioner Recruiting Incentives.”

94% of physicians live at or below their means 

Ninety-four percent of physicians live at or below their means, according to Medscape’s 2022 “Physician Wealth & Debt Report.”

Physicians’ cost cutting tactics

In its 2022 “Physician Wealth & Debt Report,” Medscape surveyed physicians on their compensation and how they manage their money.