Becker's Healthcare August 20, 2024
ASCs are facing an increasing disparity between practice costs and reimbursements.
“Everything’s getting more expensive,” Elaina Turner, RN, administrator of New Albany, Ind.-based Commonwealth Pain and Spine, told Becker’s. “The cost of every procedure is going up, and the reimbursements are matching that same rate. The net is going in the wrong direction.”
Annual ASC operating budgets ticked up last year, according to a survey from OR Manager; the percentage of surgery centers with an operating budget of $3 million or more jumped to 43% in 2023, compared with 32% the previous year.
“The hard part is making sure that the bottom line still makes sense, staying in the black, keeping the doors open and still taking care...