Some ASCs are simply more profitable than others, and the reasons vary, from the surgical specialties offered to the location and more. According to VMG Health, 10 percent of ASCs operate on margins of 5.2 percent or lower.
COVID-19 spurred a sharp increase in mergers and acquisitions, accelerating a trend of consolidation. By the end of 2020, nearly 70 percent of physicians reported being employed by hospitals or corporations.
The average total cases performed by an ASC per day has jumped 10 percent since 2011, according to VMG Health’s “Multi-Specialty ASC Benchmarking Study” for 2022.
New details have emerged about the California Justice Department’s fraud investigation into a pain management center chain that closed abruptly in May 2021, according to the Los Angeles Times.