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June 18, 2019
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ASCA Highlights
Yesterday kicked off our second annual ASCA Member Appreciation Week! This celebration is dedicated to all of our wonderful members that make our work possible. Head over to the Member Appreciation Week site for your chance to win one of many daily prizes or one of the grand prizes before the celebration ends this Friday, June 21!
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Echelon Medical Capital offers innovative accounts receivable liquidity solutions for healthcare providers that take insurance or medical liens against pending personal injury cases. Echelon Medical Capital has quickly become one of the largest dedicated medical receivables funding companies in the country. With unrivaled levels of committed capital, Echelon can support medical practices of any size, including doctors, hospitals and surgery centers. |
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ASCA introduced a new online series last week that features short interviews with leading experts inside and outside the ASC community who have unique insights into important news and new developments affecting ASCs. New interviews will be released throughout the year. The first installment in the series is available now to anyone with an interest in learning more about ASCs. Learn more.
If you attended the ASCA 2019 Conference & Expo last month in Nashville, be sure to request your continuing education (CE) credits online or through the ASCA Meetings app. To request your credits, you will need your ID number located on the back of your attendee badge. If you no longer have your badge, you can request your ID number by sending an email to registration@ascassociation.org. Request CE credits.
An aging population and high obesity rates continue to increase the prevalence of osteoarthritis and, subsequently, demand for joint replacements. In the next decade Sg2 projects 84 percent growth in hip and knee joint replacement surgery. Capturing tremendous total joint replacement opportunity calls for an optimized ambulatory experience. Read on.
Last Wednesday, June 12, the US Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights held a hearing on “Competitive Implications of Vertical Consolidation in the Healthcare Industry.” During this hearing subcommittee members heard from witnesses about the factors that have contributed to provider consolidation over the years and the effects it has had on patients. Read more.
Industry News
'The System Is Broken': These Doctors Practice a Less Pricey Form of Health Care
Yahoo Finance (06/13/19) Belmonte, Adriana
In a country where citizens resort to crowdfunding to pay for their medical bills and politicians can't agree on the right kind of health care system, a pair of doctors decided that enough was enough. "We both started despising what was going on financially with the patients, cause when you look at the bankruptcy statistics—medical bankruptcies for patients now—it's egregious," Dr. Steven Lantier told Yahoo Finance
New Policy Aimed at Increasing Diversity in Physician Workforce
AMA News Release (06/12/19)
The American Medical Association (AMA) adopted policy at its Annual meeting aimed at ensuring greater diversity in the physician workforce. Through the new policy, the AMA will work toward establishing best practices for the sustainability and success of health care career pipeline programs, or "pathway programs"—designed to draw students from diverse backgrounds into the field of medicine.
Guest View: Proposed Tax Could Harm Specialty Surgical Centers
Central Penn Business Journal (06/07/19) Rothman, Greg
In his budget address, Gov. Tom Wolf stated to applause, "This proposal asks for no new taxes. Not one dime. Not one penny." Yet, as the General Assembly combs through the governor's proposal, we find that there are, in fact, tax increases.
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Proposed NC Senate Budget Significantly Impacts CON Law
JD Supra (06/11/19)
The North Carolina Senate adopted its budget for the next fiscal year on May 31, 2019. The budget proposes a number of changes to the certificate of need (CON) law.
New FL Health Insurance Programs Signed Into Law
Florida Phoenix (06/13/19) Moline, Michael
Gov. Ron DeSantis has signed legislation that legislative backers say will encourage Floridians to save money by shopping for certain medical services based on comparison pricing. The so-called "Patient Savings Act" (HB 1113) encourages insurers to offer "shared savings incentive" programs.
Tennessee Urology Announces New Ambulatory Surgical Center
PR Newswire (06/12/19)
Tennessee Urology, the state's premier urology practice, is pleased to announce the opening of the Urologic Surgery Center of Knoxville, a joint venture with Covenant Health, located on the Fort Sanders West medical campus in West Knoxville. This state-of-the-art facility is the only ambulatory surgical center in East Tennessee dedicated solely to the treatment of urologic conditions.
Outpatient Surgery Center Eyes Natick
MetroWest Daily News (MA) (06/13/19) Schwan, Henry
MetroWest residents in need of orthopedic surgery may soon have another local option beyond MetroWest Medical Center. State health officials on Wednesday approved a proposed outpatient surgical center in Natick, which will go head to head with the local hospitals.
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