Physicians Practice February 21, 2024
Growing demand for ASCs presents both opportunities and challenges, especially in terms of revenue cycle management and workforce.
Ambulatory surgery centers (ASCs), which proliferated post-pandemic, are a booming business. With the increasing trend towards ASC-based treatments, forecasts predict a 22% rise in ASCs and an 18% increase in outpatient surgical and cardiovascular procedures over the next decade.
The increasing population of individuals aged 65 and older is creating a higher demand for ASC and general healthcare services. Currently, this age group accounts for 34% of the demand for physicians, a figure expected to rise to 42% within the next decade. The implications of America’s aging population on healthcare spending are significant. In 2022, healthcare spending was estimated at $4.5 trillion...
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