Today's Top 20 Stories
  1. Supply company owner accused of embezzlement scheme and 9 more supply chain updates

    Here are the supply chain updates ASC leaders need to know this week.
  2. Former Georgia insurance commissioner sentenced for $3M fraud scheme involving ENT clinics 

    John Oxendine, a former Georgia insurance commissioner, was sentenced to 3.5 years in prison for his role in a healthcare fraud scheme involving ENT clinics. 
  3. Cleveland Clinic celebrates 30th straight top cardiology ranking

    Cleveland Clinic has been named the top hospital for heart care in the U.S. for 2024-25 by U.S. News & World Report for the 30th year in a row. 

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  1. $7.2M vascular ASC to be developed in Tennessee

    A $7.2M vascular ASC is coming to Memphis, Tenn., according to a July 15 report from the Memphis Business Journal.
  2. Optum posts $63B in Q2 revenue

    Optum earned $62.9 billion in total revenue in the second quarter of 2024 — an increase of 11.7% year over year, according to the company's financial report. 
  3. Illinois cardiologist retires

    Quincy, Ill.-based invasive cardiologist Eliot Nissenbaum, DO, retired after treating patients in the area for 10 years, according to a July 13 report from Muddy River News.
  4. Retinal ASC of New York to open new facility

    New York City-based Retinal Ambulatory Surgery Center of New York's new surgery center is nearing completion, according to a July 16 LinkedIn post.

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  1. The long-term harm in CMS pay cuts

    Physician leaders are frustrated and concerned about CMS' proposal for a 2.8% conversion factor reduction to its physician fee schedule for 2025. 
  2. 14 hospital closures so far in 2024

    Hospitals in many markets are closing as they face massive financial challenges, including declining reimbursement rates, shifting market demands and rising practice costs. 
  3. The best hospitals for GI and GI surgery in 2024: US News 

    Rochester, Minn.-based Mayo Clinic was named the best hospital for gastroenterology and GI surgery in 2024 by U.S. News & World Report.
  4. MultiCare, Atlas to develop ASC network

    ASC development company Atlas Healthcare Partners and Tacoma, Wash.-based MultiCare Health System have partnered on a joint venture ASC network in the Pacific Northwest.

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  1. Physician net collections increased 4.3%: Survey

    Overall median net collections increased 4.3% –– lower than the 5.3% overall increase in compensation from 2023 to 2024, according to an American Medical Group Association survey released July 12. 
  2. 10 things to know about ASCs right now

    Advances in technology and the cost effectiveness of ASCs have made them a fast-growing market.
  3. Guidehealth, Story Health launch value-based cardiology program

    Artificial intelligence-enabled healthcare services company Guidehealth has partnered with digital health company Story Health to create a value-based cardiology care program. 
  4. 10 ASCs hiring administrators

    Here are 10 ASCs from coast to coast that have posted job listings for administrator roles within the past month:
  5. Medicare Advantage in the news: 6 updates

    Here are six updates on Medicare Advantage that have made headlines recently, as reported by Becker's since June 25:
  6. Physicians 'not thrilled' about Medicare claims process: Survey

    Around two in three physicians see Medicare reimbursement time as a "'moderate' issue or worse", according to Medscape's "Doctors Evaluate Medicare and Medicaid Report 2024," published July 12. 
  7. ASC vs. HOPD reimbursement for 10 common ASC procedures

    Reimbursement differences between hospital outpatient departments and ASCs are a longstanding point of contention among ASC professionals, with Medicare ASC payments increasing only marginally while Medicare hospital pay has seen comparatively significant jumps.
  8. Walgreens to close more locations, reduce VillageMD stake 

    In June, Walgreens announced plans to reduce its stake in primary care clinic chain VillageMD and to shutter underperforming stores in the next few years. 
  9. 10 things to know about Steward's fraud, corruption investigation

    Dallas-based Steward Health Care, which filed for bankruptcy May 6, is under criminal investigation by federal prosecutors. 

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