Becker's Healthcare July 24, 2023
Physician staffing firms have been hit by economic pressure and high margins, causing one to file for bankruptcy and another to shut down.
Here’s what ASCs need to know:
1. In May, physician services company and ASC operator Envision filed Chapter 11 bankruptcy and recently announced it will lay off 329 employees.
2. The Nashville, Tenn.-based organization said various factors contributed to the filing — including declining patient volumes, payers excluding its clinicians from their networks and not providing adequate reimbursement for care, the implementation of the No Surprises Act, rising inflation and the national clinician shortage.
3. Under a restructuring...
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