Becker's Healthcare December 5, 2023
CMS finalized a 3.1% payment rate for ASCs in its 2024 final rule, an increase of .3% from the original rule.
Bill Prentice, CEO of the Ambulatory Surgery Center Association, and Kara Newbury, the organization’s director of government affairs and regulatory counsel, laid out what this means for ASCs in an episode of its “Advancing Surgical Care” podcast, released Nov. 15.
While many ASC leaders are concerned the rate does not equate to rising costs, Ms. Newbury noted that the rise in ASCs’ payment rate is higher than other providers.
“We recognize that all of your costs are rising at a higher rate than that, and I hate to say it’s better than the alternative if you look...