CVS Health is reevaluating its role in healthcare as financial pressures mount. The company, along with other major retailers, is scaling back its healthcare ambitions in response to economic and operational challenges. In 2024, CVS reported total revenues of $173.6 billion for its health services segment, reflecting a 7.1% decline year over year. Fourth-quarter revenue […]
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As the ASC industry continues to evolve, major players are adapting their strategies to meet market demands, regulatory changes and shifting patient needs. Three of the largest ASC operators — United Surgical Partners International, HCA Healthcare and Surgery Partners — have made significant investments in expanding their networks, focusing on high-acuity procedures and navigating regulatory […]
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A medical office building in Arlington, Va., has sold for $47 million — 6% less than the property was last traded for in 2021, according to a March 17 report from the Washington Business Journal. The eight-story Arlington Medical Center sold Feb. 10, after most recently selling in 2021 for $50.15 million. Previously, it had […]
The post Inova-occupied Virginia medical office building sells at $3M+ loss appeared first on Becker’s ASC.
Independent ASCs are declining after decades of sinking reimbursement rates and soaring operational costs have forced ASC leaders and physicians to think critically about the future of their practice’s financing. Financial stability and improved rates with payers are one of the central reasons that ASCs seek out partnerships with hospitals and health systems. However, the […]
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The majority of ASCs specialize in a single specialty, with gastroenterology leading the way, according to a March 13 MedPAC report to Congress. Here’s a breakdown of ASC specialties, as of 2023: Editor’s note: A single-specialty ASC is defined as one with more than 67% of its Medicare claims in one clinical specialty. A multispecialty […]
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Charlotte, N.C.-based Atrium Health has submitted a proposal to the state requesting the relocation of operating rooms from Gateway Surgery Center in Concord, N.C., to Atrium Health Cabarrus, also in Concord, according to a March 17 report from The Charlotte Observer. The relocation is part of a $9.2 million project aiming to bring additional surgical […]
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A physician from Mount Airy, N.C. was sentenced to 30 months in prison and ordered to pay more than $2 million for his role in a fraud scheme, the Justice Department said in a March 14 news release. What happened?
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