June 2024 Issue of Becker's ASC Review
ON THE COVER
ASC specialties with the highest 5-year pay jumps
General surgery is the ASC specialty that saw the highest pay jump between 2019 and 2023, according to the Medical Group Management Association's "Provider Compensation and Productivity Data Report" released May 28.
ASCs grow with 'untapped' business line
Jayehs Dayal, MD, an anesthesiologist and owner of White flint Surgery Center in Rockville, Md., was one of the first physicians to own a freestanding licensed, accredited, three-room ASC in Rockwell.
Are ASCs the key to saving hospital finances?
Hospitals and health systems are increasingly looking to ASCs for growth — forming partnerships and joint ventures for ASC development as procedures continue to migrate to outpatient settings.
The Medicare policies restricting ASC growth
Three ASC leaders joined Becker's to discuss the Medicare policies that are impeding the growth of surgery centers.
Why new ASCs could fall short
Investing in ASCs presents healthcare professionals with opportunities that may not be available to players in other markets.
How orthopedic compensation, wRVUs changed over 5 years
Orthopedic surgeon pay and work relative value units grew since 2019, according to MGMA's Provider Compensation and Productivity report.
Zimmer Biomet partners with CBRE to develop ASCs
Zimmer Biomet partnered with CBRE Group to develop orthopedic ASCs as part of a larger plan toward above-market growth, the devicemaker said May 29.
2024 GI compensation in 9 numbers
Gastroenterologists in the U.S. earn an average of $515,000 annually, according to Medscape's 2024 "Gastroenterologist Compensation Report," published May 24.
FTC's noncompete ban may favor hospitals, hurt ASCs
ASCA is opposed to the Federal Trade Commission's "Non-Compete Clause Rule," which will ban noncompete agreements Sept. 4, according to an article written in ASC Focus.
Have EHRs been good for healthcare?
Fifteen years after meaningful use incentives propelled the shift to EHRs, health system leaders told Becker's that digitizing medical records has been a net positive for the industry — with some caveats.
ASC MANAGEMENT
CBO testimony blames physician employment for rising costs
Chapin White, director of health analysis for the Congressional Budget Office, delivered testimony May 23 in the U.S. House of Representatives Committee on Ways and Means subcommittee about how consolidation in healthcare, and specifically hospital employment of physicians, is increasing healthcare costs.
ASCs grow with 'untapped' business line
Jayehs Dayal, MD, an anesthesiologist and owner of White flint Surgery Center in Rockville, Md., was one of the first physicians to own a freestanding licensed, accredited, three-room ASC in Rockwell.
Why new ASCs could fall short
Investing in ASCs presents healthcare professionals with opportunities that may not be available to players in other markets.
ASC specialties with the highest 5-year pay jumps
General surgery is the ASC specialty that saw the highest pay jump between 2019 and 2023, according to the Medical Group Management Association's "Provider Compensation and Productivity Data Report" released May 28.
Summit Surgery Center partners with Regent Surgical for orthopedic care
Troy, Mich.-based Summit Surgery Center is partnering with Regent Surgical to bolster access to orthopedic care.
THOUGHT LEADERSHIP
Spine surgeons on alert for these red flags when joining new groups
As with any job search, there are many factors to weigh when deciding to accept an offer. For spine surgeons, those considerations include contacts, ownership plans and communication.
'Like peering through fog without a compass': Value-based care's future in orthopedics
Valued-based care has become a household name in healthcare.
'They have become fearful': How physicians have lost autonomy
Kenneth Candido, MD, CEO and president of Chicago Anesthesia Associates:joined Becker's to discuss why physicians are leaving medicine.
The Medicare policies restricting ASC growth
Three ASC leaders joined Becker's to discuss the Medicare policies that are impeding the growth of surgery centers.
ORTHOPEDICS
States with the most US News-ranked top orthopedic ASCs
California, Florida and Georgia have the most top-rated ASCs for spine and orthopedics by U.S. News and World Report.
Rothman, Independent Blue Cross extend value-based care agreement
Independence Blue Cross and Philadelphia-based Rothman Orthopaedic Institute extended their value-based care agreement for three more years.
Hospital for Special Surgery partners on value-based care bundle program
New York City-based Hospital for Special Surgery is set to collaborate with Best in Class MD to launch a bundled surgery program for orthopedics.
Zimmer Biomet partners with CBRE to develop ASCs
Zimmer Biomet partnered with CBRE Group to develop orthopedic ASCs as part of a larger plan toward above-market growth, the devicemaker said May 29.
How orthopedic compensation, wRVUs changed over 5 years
Orthopedic surgeon pay and work relative value units grew since 2019, according to MGMA's Provider Compensation and Productivity report.
GASTROENTROLOGY
2 conflicting colonoscopy guidelines
The jury is still out on several guidelines regarding screening colonoscopies, despite rising colorectal cancer rates.
The GI practice investing in weight loss
Gastroenterology practices are always looking for new ways to invest and expand care for their patients.
2024 GI compensation in 9 numbers
Gastroenterologists in the U.S. earn an average of $515,000 annually, according to Medscape's 2024 "Gastroenterologist Compensation Report," published May 24.
How systems could double colorectal cancer screenings
Giving patients more choice in their colorectal cancer screening options could double the number of patients who get screened, according to a new study from the Perelman School of Medicine in Philadelphia.
Endoscopy in patients on Ozempic: What to know
Physicians and physician groups have expressed concern surrounding procedures, especially those involving anesthesia, in patients taking glucagon-like peptide 1 receptor agonist weight loss medications, including Ozempic.
TRANSACTIONS
Are ASCs the key to saving hospital finances?
Hospitals and health systems are increasingly looking to ASCs for growth — forming partnerships and joint ventures for ASC development as procedures continue to migrate to outpatient settings.
FTC's noncompete ban may favor hospitals, hurt ASCs
ASCA is opposed to the Federal Trade Commission's "Non-Compete Clause Rule," which will ban noncompete agreements Sept. 4, according to an article written in ASC Focus.
Medical office building investments on the decline in Q1
Investment in medical office buildings fell by 21% year over year in the first quarter of 2024, declining to $1.6 billion, according to a May 20 report from real estate investment firm CBRE.
Remedy, Kanye Anderson acquire ASCs, outpatient centers for $252M
Healthcare real estate companies Remedy Medical Properties and Kanye Anderson Real Estate acquired 37 medical properties across 13 states for $252 million.
Boston medical office building acquired for $36.4M
A 10-story medical office building in Boston has been acquired for $36.4 million; substantially less than it was sold for just three years ago, according to a May 28 report from the Boston Business Journal.
HEALTHCARE NEWS
10 highest-paid healthcare CEOs
CEO compensation at S&P 500 companies reached a new record in 2023, according to findings from The Wall Street Journal.
Health systems phase out common type of anesthesia
A growing number of health systems are moving to end the use of desflurane — a common anesthesia gas that lingers in the atmosphere for more than a decade.
Do nonprofit hospitals sidestep FTC's noncompete ban?
The Federal Trade Commission voted to implement a sweeping noncompete ban that would have seismic effects on the healthcare industry and the U.S. economy more broadly. But questions remain around which nonprofit hospitals and other providers may be affected by the ban and how far the FTC's jurisdiction reaches under its final rule.
Have EHRs been good for healthcare?
Fifteen years after meaningful use incentives propelled the shift to EHRs, health system leaders told Becker's that digitizing medical records has been a net positive for the industry — with some caveats.