Are you curious about the cost differences for hip and knee arthroscopy procedures between Ambulatory Surgery Centers (ASCs) and Hospital Outpatient Departments (HOPDs)? So, Let’s break it down! According to data from Sidecar Health’s care price calculator, the average cost of a knee arthroscopy with cartilage removal at an ASC is $3,412, whereas the same[…]

In the ever-evolving landscape of healthcare, technologies in healthcare advancements are reshaping the way we approach patient care and practice management. Dr. Issada Thongtrangan, a distinguished orthopedic and neurological spine surgeon at MicroSpine in Scottsdale, Arizona, shares his excitement for the healthcare disruptors that are revolutionizing the field. Pioneering Technologies in Healthcare for Spine Surgery[…]

In recent years, the landscape of private practice physicians in the United States has been undergoing significant changes, leading to a decline in private practices. This shift raises pertinent questions about the future of private practice as a whole and the factors contributing to this transformation. Physicians Flocking to Larger Entities According to a comprehensive[…]

In today’s ever-evolving healthcare landscape, the Ambulatory Surgery Center (ASC) growth stands strong, undeterred by the challenges posed by rising healthcare costs. Joe Peluso, an ASC admin shares his insights on the present and future state of the ASC industry in the face of these challenges. ASCs have demonstrated their ability to deliver high-quality, safe,[…]

In the realm of orthopedic procedures, it’s essential to consider the costs associated with different healthcare settings. Today, we delve into ten common orthopedic procedures, and examining the financial advantages of ASCs and HOPDs Medicare costs. By comparing these two settings, we aim to shed light on the potential benefits for patients and the healthcare[…]

Our knees are remarkable joints that allow us to perform various activities, from walking and running to jumping and dancing. However, knee conditions can significantly impact our quality of life, causing pain, limited mobility, and reduced functionality. While non-surgical treatments are often the first line of defense, there are instances where knee surgery becomes a[…]

Point-of-service collections play a vital role in the financial success of ASCs, as patients contribute a significant portion of the revenue. To maximize pre-service payments and improve overall collections, ASCs should consider implementing the following strategies: 4 Tips to Consider for Enhancing Point-of-Service Collections Share cost information: Collecting co-payments is an essential practice mandated by[…]

Lower ASC reimbursement compared to hospital outpatient departments have been occurring for as long as we can remember. Leaders are increasingly worried about the impact on their margins as operating costs continue to rise. Thus, the ability to compete with hospital benefits and higher wages becomes a significant concern for ASCs. Despite these challenges, ASCs[…]

How do we fix denial management? Denial rates have a significant impact on the financial health of healthcare organizations. To mitigate the negative effects of denials, providers must proactively prevent them, enabling faster revenue realization, improved staff efficiency, and reduced patient anxiety related to the financial aspect of healthcare. Here are three best practices to[…]