Chronic pain procedures are increasingly being performed in ambulatory surgery centers (ASCs), offering patients quicker access, lower costs and reduced infection risks compared to traditional hospital settings, especially benefiting older adults on Medicare. However, challenges remain in maintaining effective pain management and navigating regulatory and reimbursement hurdles. “Reimbursement is always a challenge,” Jennifer Hodge, COO of Palmetto Pain Management, told ASC News. “Some … [Read more...]
UCLA Health Closes 2 ASCs, But Market Outlook Remains Strong
UCLA Health officials have confirmed the closure of two small community ambulatory surgery centers (ASCs), adding to a string of facility closures over the last two years. The closures are reportedly a cost-cutting measure, and the closure date provided was Dec. 5. “As part of a restructure to improve efficiency, UCLA Health has made the difficult decision to close operations at two small community ambulatory centers in Santa Clarita and Thousand Oaks,” a UCLA Health spokesperson told … [Read more...]
ASC Dealbook: $194M Deal Expands Sanford’s ASC Footprint; Flagship Acquires Multi-Specialty ASC
Flagship acquires Ohio ASC Flagship Healthcare Properties has acquired Central Ohio Surgical Institute, an ambulatory surgery center in New Albany, Ohio. The property was acquired via Flagship Healthcare Trust, the private real estate investment trust (REIT) of outpatient healthcare real estate firm Flagship. The firm did not disclose the acquisition price in the Oct. 28 announcement of the deal. Fifth Third Bank provided financing and Nick Myers of Zeustra represented the … [Read more...]