Financial Management

Ambulatory surgery centers (ASCs) and office-based labs (OBLs) are both playing increasingly significant roles in the modern healthcare landscape. As the trend toward outpatient care continues to grow, physicians and medical facilities are faced with a crucial decision: should they operate as an ASC or an OBL? This decision not only impacts the structure and…

In the ever-evolving landscape of healthcare, Ambulatory Surgery Centers (ASCs) and Office-Based Labs (OBLs) play a vital role in providing efficient and cost-effective outpatient care. As these centers continue to grow in popularity, effective payer negotiations are crucial to ensure fair reimbursement rates and build strong, sustainable partnerships with insurance providers. In this article, we…

In the ever-evolving landscape of outpatient healthcare, Hybrid Ambulatory Surgery Centers (ASCs) and Office-Based Labs (OBLs) have emerged as innovative alternatives to traditional hospital settings. These hybrid facilities combine the advantages of ASCs and OBLs, offering a diverse range of medical procedures in a more flexible and cost-effective manner. In this article, we will delve…

A Proforma analysis is a crucial financial tool used to project the future performance and viability of a business or investment. When applied to an Ambulatory Surgery Center (ASC) or Office-Based Lab (OBL) center, the Proforma analysis plays a pivotal role in assessing the financial feasibility and potential profitability of the facility. In this article,…

Obtaining Medicare certification is a crucial milestone for Ambulatory Surgery Centers (ASCs) and Office-Based Labs (OBLs) seeking to provide high-quality healthcare services. Medicare certification not only allows these centers to serve Medicare beneficiaries but also signifies compliance with rigorous standards of safety and patient care. In this article, we will delve into the process of…

Embarking on the development of a hybrid ambulatory surgery center/outpatient-based laboratory (ASC/OBL) is akin to launching a rocket to Mars. The complex planning, design, and construction phase can take months to over a year, but the journey doesn’t end with the grand opening. A crucial transition period follows, where the facility needs to gain momentum…

An irASC is a healthcare facility that offers a broader range of services than a typical ASC. It may provide both outpatient surgical procedures, similar to an ASC, and a variety of diagnostic tests and treatments that are commonly associated with an OBL, all within the same facility. This setup can be convenient for patients…