Becker's Healthcare November 27, 2024
ASCs are facing a trifecta of pay issues — anesthesia stipends, rising expenses and stagnant reimbursements.
“With stagnant, slow-moving or declining reimbursements, coupled with rising supply and staffing costs, there is little financial flexibility to accommodate [anesthesia] stipends while maintaining sufficient profitability to offer distributions that attract and retain physician partners,” Debra Cooner, administrator and CEO of Birmingham, Ala.-based OSE Surgery Center, told Becker’s. “As a result, profit margins are experiencing a noticeable decline.”
Here’s a breakdown of the three challenges
1. Payer reimbursements
Although CMS slightly boosted ASC reimbursement rates in its final rule for 2024, many ASC leaders argue it is insufficient to offset rising costs.
“CMS is not afraid to increase our costs by requiring reporting...
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