DOTmed December 15, 2023
The rise of ambulatory surgery centers (ASCs) has been a bright spot in the healthcare industry for the past decade, offering a new way for the industry to provide cost-effective, high-quality care to patients. Driven by a rise in facilities, rebounding patient volumes and changes to payer policies, the ASC market is expected to grow to $59.3 billion by 2028.
Despite benefitting from lower overhead and higher reimbursement, ASCs operate on tight margins. The average ASC spends about $2.9 million annually on drugs and other medical supplies, according to VMG Health’s 2022 “Multi-Specialty ASC Benchmarking Study.” To help ensure long-term profitability, ASCs must focus on streamlining their supply chain management processes or risk decreased profitability for individual cases.
As ASCs...
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