Subscriptions

Advertising

Resources

About Us

Contact Us

Create An Account Forgot Your Password?
Trouble logging in or creating an account? click here
Home This Month E-Weekly Newsletter Building a Facility Article Archive Second Opinions
Search:
Benchmarking
General Surgery
Accrediting/Quality
Anesthesia
Code/Bill/Reimburse
Building/Renovating
Outpatient Surgery E-Weekly

Contact Congress Over Drug Shortage Issues

A Kentucky congressman is urging surgical facilities to contact their members of Congress and request that they sign his letter demanding changes to...

N.J. Posts ASC Inspection Reports Online

State and federal inspection reports of New Jersey's ASCs are now available online, giving patients an opportunity to make more informed choices abo...

Are Opioids Necessary?

While it's not always practical, or even possible, to eliminate opioids from your post-op pain management regiment, reducing their use in favor of n...

Archive >  Surgical Construction 2008

The New Economics of ASCs

A new payment system will reimburse surgical centers 65 percent of what hospitals are paid.

Stephanie Ellis, RN, CPC

The changes to the Medicare ASC payment system are now in effect. So it's time to dig in and minimize any negative financial impact they might have on your new or existing facility. If you study the changes, you'll find the news isn't all bad. There are opportunities to grow your business with procedures and specialties offering increased reimbursements under the new system. To do this, however, you'll need to educate your staff, physicians and investors, and plan your budget accordingly. Here are some pointers.

Sign in to continue reading.
Email Address:
Password:
Categories: Code/Bill/Reimburse, Building/Renovating, Business Management
Keywords:
Why the change?; Look internally; What else?; What's next?; ASC; ASC-allowed; ASCs; Also, Medicare; Analyze; Assess; Audit; Benchmarking; CMS; CPT; Committee; Consulting; Consumer Price Index; Cross-training; Determining Reimbursement Rate? The; ENT; Eveia Health Consulting; Finally, Medicare; Find; GAO; GI; GPO; HCPCS; Head; Health Consulting; House Ways; I. Naya Kehayes, MPH Ms. Kehayes; Index; Issaquah, Wash. At; Join; Kehayes; Kehayes, MPH Ms. Kehayes; Laser; MPFS. CMS; MPH Ms. Kehayes; Make; Management; Means Committee; Medicare; Medicare ASC; Medicare's; Medicare-based; NTIOLs; Naya Keha... show all keywords
Why the change?; Look internally; What else?; What's next?; ASC; ASC-allowed; ASCs; Also, Medicare; Analyze; Assess; Audit; Benchmarking; CMS; CPT; Committee; Consulting; Consumer Price Index; Cross-training; Determining Reimbursement Rate? The; ENT; Eveia Health Consulting; Finally, Medicare; Find; GAO; GI; GPO; HCPCS; Head; Health Consulting; House Ways; I. Naya Kehayes, MPH Ms. Kehayes; Index; Issaquah, Wash. At; Join; Kehayes; Kehayes, MPH Ms. Kehayes; Laser; MPFS. CMS; MPH Ms. Kehayes; Make; Management; Means Committee; Medicare; Medicare ASC; Medicare's; Medicare-based; NTIOLs; Naya Kehayes, MPH Ms. Kehayes; Negotiate; Newly; Ninety; OPPS; ORs; Ophthalmology, GI; Outpatient Prospective Payment System; Pay; Payment; Payment System; Payor Determining Reimbursement Rate? The; Phase-in; Price Index; Prospective Payment System; Prosthetics; Rate? The; Reassigning; Reimbursement Rate? The; Revisit; Stark; System; Understand; Wash. At; Ways; YAG; accomplish; accomplished; account; acquiring; actual; add; added; additional; addressing; adds; adjusted; advantageous; affects; alert; allowable; ambulatory; amenable; amount; ancillary; anesthesia; annual; application; applicators; applying; argument; arrangements; assess; attention; audit; average; based; baseline; begin; beginning; bilateral; bill; billed; bit; blood; body; brachytherapy; break; budget; builds; bunionectomy; business; cancer; capable; carve; carve-outs; carveouts; case; cataract; challenges; challenging; change; charge; checkbooks; chief; cholecystectomy; claim; clarify; clinical; co-pays; code; codes; collecting; common; commonly; comparable; compared; compensate; compensation; complicated; concept; considers; consistent; continue; contract; contracts; conversion; converting; corneal; correctly; cost; costing; costly; costs; cover; covered; criteria; critical; current; cut; cutting; dance; decline; decrease; deductibles; defining; determine; device; device-intensive; dig; directly; discontinued; divert; donor; due; educate; emergent; entire; epidural; equal; equipment; essentially; evaluate; evolved; exceed; exclude; executive; existing; expected; expensive; exposure; extensive; extra; eye; face; facilities; facility; factor; factors; favorable; federal; fee; filed; financial; find; follow; four-year; full; fully; gap; general; generally; geographic; good; government's; greatly; grouper; grow; habit; high-cost; home; hospital; hospitals; hours; hurt; immediately; impact; impacted; implant; implantable; implanted; implants; implementation; implemented; implication; important; include; including; increase; increases; index; individual; industry; inflation; influences; information; injections; inpatient-only; intraocular; invasion; inventories; involve; involving; item; joining; laparoscopic; laser; leave; lenses; levels; life-threatening; line; list; living; logic; long; longer; low-cost; low-paying; maintain; major; majority; make; management; managing; mapping; meant; measure; medical; member; membership; methodologies; methodology; midnight; migrating; minimize; minutes; modified; modifier; move; moving; multi-specialty; multiple; needles; negative; negatively; negotiate; news; notable; nuances; number; nursing; offer; offering; offers; officer; on-call; ophthalmology; opportunities; orthopedics; outpatient; overnight; ownership; packaged; page; paid; pain; part; patients; paying; payment; payments; payor; percent; percentage; perform; performed; performing; period; phase-in; phased; phasing; physician; plan; policy; pose; possibly; present; previously; primarily; primary; problematic; problems; procedure; procedures; process; prolonged; proposed; prostate; prosthetics; providing; pursue; radar; radiation; radiology; rate; rates; rationales; real; reasons; receive; receiving; recovery; reformed; regular; reimbursable; reimburse; reimbursement; reimbursements; reimburses; reimbursing; related; relationships; relative; remain; reported; requested; require; resources; result; resulting; retina; revisions; risk; rooms; safely; safety; schedule; scheduler; scrambling; screen; seek; selecting; separate; separately; services; set; short; sidebar; significant; single-specialty; sometimes-awkward; sources; specialties; specialty; staff; standard; standardize; start; states; stay; stents; steroid; stipulate; strong; study; subject; subsequent; success; successful; suppliers; supplies; surgery; surgical; system; systemic; takes; targeting; technology; telling; things; threshold; thrombolytic; tied; time; time-based; tissue; transition; tricky; type; typically; understand; unlisted; update; urban; usage; variations; vehicle; ventures; verify; volume; wage; ways; weights; works; year

© Copyright Herrin Publishing Partners LP 2011. REPRODUCTION OF THIS COPYRIGHTED CONTENT IS STRICTLY PROHIBITED. We encourage LINKING to this content; view our linking policy here.

Outpatient Surgery Magazine's Architects' Showcase
Other Articles That May Interest You
HHS Proposes Value-Based Purchasing Framework for ASCs
ASC Association commends the plan but seeks shorter implementation timetable.
American Medical Association No Fan of ICD-10
Group wants to stop the implementation of new coding system.
How to Avoid Day-of-Surgery Cancellations
Find out what you can do about the 3 most common reasons that patients don't show up.