Becker's Healthcare July 14, 2023
What’s the biggest threat facing ASCs today? The short answer: “Reimbursements are not keeping pace with the rising administrative costs in ASCs,” John Stewart, CEO and founder of Melbourne, Fla.-based Total Spine & Orthopedics, told Becker’s.
When CEOs of surgery centers were asked this question, most agreed it is the inverse relationship between reimbursement and what it costs to keep up with the increasingly competitive ASC industry.
“Reimbursement from all sources — federal, local and private insurance — does not actually compensate for the cost on many cases, and there is certainly no profit to be made to continue to improve the physical plant or add service lines,” Melissa Waibel, BSN, CEO of Tamuning-based Guam Surgicenter, told Becker’s.
As the...
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