How Does Strategic Planning Fit into Your ASC Budget in 2024?

Declining reimbursements coupled with a labor shortage made anesthesia one of the biggest challenges for surgery centers in 2023. Centers are increasingly negotiating a budget line item that, until recently, existed primarily at hospitals—an anesthesia stipend. Over the past five years, MedHQ has seen a 65% increase in the number of centers that are incurring anesthesia costs. Since 2018, the

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The Essential Year-End Accounting Checklist for ASCs

Declining reimbursements coupled with a labor shortage made anesthesia one of the biggest challenges for surgery centers in 2023. Centers are increasingly negotiating a budget line item that, until recently, existed primarily at hospitals—an anesthesia stipend. Over the past five years, MedHQ has seen a 65% increase in the number of centers that are incurring anesthesia costs. Since 2018, the

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Escalating Anesthesia Costs at ASCs: How to Control Costs and Maximize Profitability at Your Surgery Center

Declining reimbursements coupled with a labor shortage made anesthesia one of the biggest challenges for surgery centers in 2023. Centers are increasingly negotiating a budget line item that, until recently, existed primarily at hospitals—an anesthesia stipend. Over the past five years, MedHQ has seen a 65% increase in the number of centers that are incurring anesthesia costs. Since 2018, the

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Education and Long-term Focus Needed to Improve ASC Diversity and Inclusion

As current events and the Black Lives Matter movement spark introspection and action among businesses nationwide, the ambulatory surgery center (ASC) industry too is taking a hard look at best practices for diversity and inclusion. And while the issue is breaking news today, MedHQ’s Chief Operating Officer Rita Hernandez Figi believes a long-term approach, creating a new mindset and programs,

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Case Study: The Surgery Center of Lynchburg

Situation The Professional employer organization (PEO) industry has been around for about as long as the freestanding ASC industry. The Surgery Center of Lynchburg, a long-established ASC, became interested in the PEO model and recognized a strategic fit with the ASC environment. When the ASC board of managers ultimately made the decision to switch its HR & employment services from

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3 Benefits of Outsourcing Physician Credentialing

Meticulous credentialing – the process of acquiring, evaluating, and verifying a physician’s professional documentation – is a necessity for any healthcare facility, including hospitals and ambulatory surgery centers (ASCs). In addition, insurance carriers, Medicare and Medicaid require medical providers to show proper credentialing before they can be reimbursed for their services. Any errors in credentialing can risk delayed payments or

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