Category: ASC News

CMS to increase pay rates for iTind procedure in ASCs

CMS will increase the pay rate for iTind procedures in ASCs and hospital outpatient departments as part of its new proposed rates. 

88% of physicians would report a colleague working under the influence

About 88 percent of physicians said they would report a colleague who was working under the influence of drugs, alcohol or illness, according to Medscape’s “Right and Wrong in Medicine” report, released Nov. 2. 

Wisconsin physician sentenced for drug crimes

Brookfield, Wis.-based pediatrician Manuel Thomas has been sentenced to 18 months in prison for unlawfully distributing controlled substances, the U.S. Justice Department said Nov. 3. 

Iowa clinic files for bankruptcy following $97M malpractice judgment

OB-GYN Associates of Iowa City & Coralville (Iowa) has filed for bankruptcy following a malpractice judgment of $97.4 million, CBS affiliate KMTV reported Nov. 2.   

Physicians’ toughest ethical dilemma

Medscape laid out physicians’ biggest ethical dilemmas in its “Right and Wrong in Medicine: Life, Death and Wrenching Choices” report published Nov. 2 

3 fast facts on ASC staffing costs 

Here are three breakdowns on ASC staffing costs from VMG Health’s 2022 “Multi-Specialty ASC Benchmarking Study:”

Physician wealth update: 8 things to know from this year

From cost-cutting tactics to the richest physicians, here are eight physician wealth updates Becker’s has reported on this year. 

CMS finalizes 4.5% physician pay cut

Medicare’s physician fee schedule final rule, released Nov. 1, will reduce the physician pay conversion factor by 4.48 percent to $33.06. 

U.S. wages grew 7.7% in October

Wages in the U.S. were up 7.7 percent from the same time last year in October, with the economy adding 239,000 jobs, up from last month’s 192,000, according to a Nov. 2 report from CNBC. 

CMS adds 4 new ASC covered procedures

CMS released its 2023 payment and procedure updates for ASCs and hospital outpatient departments, finalizing an update of 3.8 percent.