Becker's Healthcare July 30, 2024
ASCs across the country are facing skyrocketing practice costs paired with declines in reimbursements from payers.
Benita Tapia, RN, administrator and director of nursing at Beverly Hills, Calif.-based 90210 Surgery Center, joined Becker’s to discuss seven strategies in maintaining financial stability amid this trend.
Question: How can ASC leaders balance rising operational costs with stagnant or decreasing reimbursement rates to ensure financial stability?
Benita Tapia:
1. Group purchasing and negotiation
- Group buying organizations: Join GPOs to leverage bulk purchasing power. This can significantly reduce the costs of implants and supplies.
- Supplier negotiations: Regularly renegotiate contracts with suppliers. Emphasize long-term partnerships and volume commitments to secure better rates.
- Standardization: Work with surgeons to standardize on a smaller...
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