Category: ASC News

10% of ASCs operate on razor-thin margins: 10 findings

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.

These 4 physicians have a $35.8 billion combined net worth

Physician-founders of biotech companies and a large hospital chain rank among the most prosperous billionaires in the U.S.

Top ASCs spend more than $1M yearly on management fees: 10 findings

Management structures at ASCs can vary widely in size and complexity, depending on factors including ownership.

Biden administration extends COVID-19 national emergency & 5 more updates 

From a COVID-19 national emergency extension to CDC’s potential new indoor mask guidance, here are six COVID-19 updates from the last two weeks. 

Physicians to get $15M settlement in lawsuit over bonuses

TeamHealth, a physician staffing firm, agreed to pay physicians millions to settle a lawsuit over unpaid bonuses in early February.

Hospitals are snapping up physicians: Who wins?

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. 

ASCs are handling more cases: 5 stats on that trend 

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.

7 updates from Capitol Hill

A slew of lawsuits targeting the No Surprises Act and six more updates from the government from the last two weeks:

3 ASCs tackling women’s healthcare disparities

ASCs are tackling women’s healthcare disparities nationwide. Below are three examples of these efforts from different states:

Physician under fire for alleged fraud, improper employee bonuses

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.