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Proposed legislation would expand ASC eligibility for federal funding
A bill introduced May 12 by U.S. Rep. Troy Balderson, R-Ohio, aims to ensure ASCs and other outpatient care facilities are eligible to apply for the Paycheck Protection Program, according to The Ripon Advance. -
Practices report average revenue drop of 55% due to COVID-19 — 5 insights
The financial fallout from COVID-19 is "widespread," according to Medscape's "Physician Compensation Report 2020." -
Insurer ups telehealth rates, expedites physician pay to help small practices — 5 details
Regence BlueShield of Idaho is adjusting its reimbursement policies to help physicians avoid closing their practices during the pandemic, according to Idaho News 6. -
Lawmakers criticize Envision, TeamHealth backers for physician pay cuts
Lawmakers are demanding that the private equity firms backing TeamHealth and Envision Healthcare end pay cuts for employed physicians, according to the Financial Times. -
Physician-owned hospital forgives $2.1M in patient medical debt — 4 things to know
Tulsa (Okla.) ER & Hospital is forgiving $2.1 million of outstanding patient medical debt, according to local ABC affiliate KTUL. -
How much revenue do ancillary services generate? 3 survey insights
Most physician practices — 82 percent — offer at least one ancillary service to give business a boost, according to the "91st Annual Medical Economics Physician Report." -
Physician practice finances were largely stable or improving before pandemic — 6 insights
For most physicians, practice finances were either stable or improved in 2019 compared to 2018, according to the "91st Annual Medical Economics Physician Report." -
Pandemic puts physician practices in financial straits: 3 groups hit hard
Physician groups have incurred significant financial losses due to elective case restrictions, putting many on the brink of insolvency. -
New York ASCs have patients 'begging' for surgery, furloughed staff collecting unemployment — 5 details
Several outpatient physicians and executives spoke to the Observer-Dispatch about New York's executive order that excludes ASCs from resuming elective surgeries. -
35 states have CON laws — Here's what they're doing
Certificate-of-need laws were established in 1964 when New York became the first state to pass legislation, and since then have had a constant and highly-politicized presence in the healthcare realm, according to the National Conference of State Legislatures. -
National Medical Billing Services, Smith+Nephew partner to support orthopedic cases transitioning to the ASC: 4 details
Smith+Nephew entered into a strategic partnership with National Medical Billing Services to provide revenue cycle management solutions to ASCs across the U.S. -
Congress warned millions may lose health coverage in letter signed by ASCA
Social distancing measures and commerce restrictions have cost Americans more than 26 million jobs, and with nearly 180 million people relying on employer-sponsored health plans, swelling unemployment could hurt health systems' ability to address the COVID-19 surge. -
Layoffs hit New York medical billing office: 3 things to know
Medical billing company Change Healthcare laid off several workers April 24 due to the COVID-19 pandemic, according to The Post-Star. -
Pennsylvania ASC gets $100K government loan
Wyomissing, Pa.-based Berks Ambulatory Surgery Center received a $100,000 loan from the Pennsylvania Department of Community and Economic Development, according to the Reading Eagle. -
Washington state survey: 31% of solo, multispecialty group physicians will run out of cash within weeks
Roughly one-third of Washington solo practice and multispecialty group physicians who responded to a recent survey will run out of cash on hand in a matter of weeks, DeseretNews reports. -
5 things to know about surprise billing during the COVID-19 pandemic
The days of surprise medical billing may be numbered due to emerging legislation around the COVID-19 pandemic. -
Financial hit from COVID-19 could lead to ASC closures, more consolidation: 4 insights
Surgical practices are among the businesses at risk of insolvency because of the COVID-19 pandemic, which has major implications for the future of healthcare, Stateline reports. -
Survey: COVID-19 has 'substantially' decreased revenue for 68% of physicians
Most physicians have seen a substantial decrease in revenue because of COVID-19 and stay-at-home orders, according to a recent MDLinx survey of 670 physicians. -
How ASCs can stay productive during a slowdown — 5 focus areas
ASCs closed or operating at limited capacity during the COVID-19 pandemic can use this time to strengthen revenue cycle and administrative functions, according to Serbin Medical Billing. -
Medical practice layoffs projected to reach 36 percent in May — 3 insights from MGMA
Medical group practices of all sizes and specialties have taken a financial hit from the COVID-19 pandemic, according to new survey results from the Medical Group Management Association.
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