Ambulatory surgery center reimbursement as a percentage of hospital outpatient departments has declined steadily since 2003, with a huge drop between 2003 and 2008, according to the VMG Multi-Specialty ASC Intellimarker 2011 report.
In 2003, ASCs were reimbursed 87 percent of what an HOPD would receive. By 2008, they were only reimbursed at 63 percent on average. Over the next three years, the decline continued:
2009: 59 percent
2010: 58 percent
2011: 56 percent
CMS released its Medicare 2013 final rule to include a 0.6 percent rate increase for ASCs. This was down from a proposed 1.3 percent update in the proposed final rule. The increase is based on a 1.4 percent projected rate of inflation and a 0.8 percent point decrease for productivity adjustment required by the Patient Protection and Affordable Care Act.
More Articles on Surgery Centers:
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In 2003, ASCs were reimbursed 87 percent of what an HOPD would receive. By 2008, they were only reimbursed at 63 percent on average. Over the next three years, the decline continued:
2009: 59 percent
2010: 58 percent
2011: 56 percent
CMS released its Medicare 2013 final rule to include a 0.6 percent rate increase for ASCs. This was down from a proposed 1.3 percent update in the proposed final rule. The increase is based on a 1.4 percent projected rate of inflation and a 0.8 percent point decrease for productivity adjustment required by the Patient Protection and Affordable Care Act.
More Articles on Surgery Centers:
20 ASC Management & Service Company Leadership Moves
5 Reasons to Conduct Regular ASC Valuations
5 Tips for ASCs to Optimize Accounts Receivable