Here is how the cost of four common ASC procedures has changed from 2019 to 2024, using data from Blue Cross Blue Shield affiliate Blue Health Intelligence's "Rising Prices for Hospital Outpatient Care" brief, published last year and Sidecar Health's care calculator:
The Federal Trade Commission voted to ban noncompete clauses for most U.S. workers April 23. The rule would make it illegal to include noncompetes in employment contracts unless the employer is a nonprofit, as the FTC's jurisdiction does not generally cover tax-exempt organizations, according to an article by law firm Sheppard, Mullin, Richter & Hampton published April 30 in National Law Review.
Maryland Gov. Wes Moore has signed a law prohibiting noncompetes for healthcare professionals April 25, according to an article by labor law firm Littler published in JDSupra.
Physician reimbursement amounts per Medicare patient decreased around 2.3% between 2005 and 2021 when accounting for inflation, according to a new study from the Harvey L. Neiman Health Policy Institute.
ASCs are historically reimbursed at lower levels than hospital outpatient departments, despite being considered by many in healthcare to be a high-quality and low-cost site of care.
The Pennsylvania House has passed legislation that would ban noncompete clauses for physicians, certified registered nurse practitioners and physician assistants.
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The manual prior authorization process stands as a notorious drain on both time and money. For ASCs, this aspect of the revenue cycle curtails efficiency but also strains staff resources, jeopardizing cash flow and overall financial success.
Physicians, state governments and the Federal Trade Commission are all battling to reform policy surrounding noncompete clauses, which prohibit physicians from seeing patients one to two years within a geographic region if they are fired or quit their job.
Physicians have continued to see Medicare payment cuts year over year, with a 2% cut in 2023 being followed by a 1.68% cut in 2024, according to an April 8 report from the American Medical Association.