ASCs will likely be required to report cost data in the near future because of increasing demand for price transparency in healthcare, according to Health Capital Consultants.
Three quick notes:
1. While cost reporting could add to ASCs' administrative burden, it could also help them improve care quality.
2. Site-neutral payments for ambulatory services are likely here to stay and will give ASCs a competitive advantage.
3. ASCs could see a significant increase in volumes, and therefore increased revenues, because of Medicare's push for the outmigration of care.