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Doing the deal: Understanding the key differences between ASC and hospital RCM

from Becker's ASC Review

In 1970, Drs. Wallace Reed and John Ford opened the nation's first ambulatory surgery center in Phoenix – the culmination of years of clamoring by providers, public officials and patients for a lower-cost, high-quality alternative to expensive hospital stays for same-day procedures. The concept was a success virtually from the outset. Today, there are approximately 5,500 ASCs across the United States, and these outpatient facilities increasingly play host to an ever-sophisticated array of surgical procedures made possible by clinical advances in anesthesia and medical technology. The business of ASCs also has changed dramatically in the more than four decades since Drs. Reed and Ford opened the first ASC. Once overwhelmingly dominated by independent physician operators and a few large management companies, the industry is now the darling of its former chief adversary – hospitals – which are highly motivated in the post-Affordable Care Act landscape to cut costs and improve quality for surgery that does not require an overnight stay. Sound familiar? more

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