Becker's Healthcare June 27, 2024
Independent ASCs are facing major obstacles amid increasing healthcare consolidation and shifting payer behavior.
Three ASC leaders joined Becker’s during a June 22 panel at the 21st Annual Spine, Orthopedic & Pain Management-Driven ASC + The Future of Spine Conference in Chicago to discuss some of the biggest threats to independent ASC success.
1. Payer behavior
For Hardy Sikand, CEO of Carmel-based Indiana Spine Group, payer relationships and reimbursement pressures are the biggest challenge his team is facing as a wholly independent spine practice.
“It’s been extremely, extremely hard,” Mr. Sikand said. “They were very favorable to us when we opened our facility, but it’s become really challenging to deal [with large payers in our market]. But...