ASC Leaders: 5 Key Regulatory Updates for Fall 2020
As we head into Fall 2020, many of our ASC Practices are ramping up for a busy season! Decline in Hospital surgeries, delayed procedures due to COVD, and an overall increase in Ambulatory Surgery patient interest may lead to a packed schedule for you and your Team.
We are here to help, and in the meantime wanted to pass along 5 Key Regulatory Updates affecting Ambulatory Surgery Practices from Becker's ASC Review:
1. CMS released its Medicare Physician Fee Schedule proposed rule for 2021 Aug. 3, which could
result in drastic cuts for surgeons across the board. If approved, the conversion factor would drop from $36.09 to $32.26.
2. ASCs engaging in "information blocking" practices could be subject to penalties under a new rule from the Office of the National Coordinator for Health Information Technology, according to the Ambulatory Surgery Center Association.
3. New Jersey's health department modified COVID-19 testing rules for ASCs resuming elective surgeries and invasive diagnostic procedures.
4. The California state legislature is considering a bill that would impose new restrictions on healthcare-related merger and acquisition activity.
5. HHS extended the timeline for publishing the final rule clarifying physician self-referral regulations. The agency had planned to issue the final rule in August 2020 but has extended the timeline for issuing a final rule to Aug. 31, 2021.