Becker's Healthcare September 23, 2024
As physician practices and ASCs face rising costs and declining reimbursements, many are forced to shutter — Becker’s has reported on five ASC closures so far in 2024.
Benjamin Stein, MD, an independent orthopedic surgeon who co-founded and is now chairman of ASC development group Capital Surgical Solutions, is worried that this trend could accelerate as consolidation continues.
“I think consolidation will continue to lead to more facilities being shuttered over time, especially in markets where there’s too much overlap,” Dr. Stein told Becker’s. “When you have too many facilities in a specific geography, it becomes hard for any of them to function well, and some will inevitably close.”
While there are operational benefits to consolidation as reimbursements...
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