Ambulatory surgery centers will receive an average increase of 2.1% in Medicare payments for all covered procedures. This increase — along with the revision that ties annual updates to the hospital market basket — paints a brighter financial future for ASCs.
The reimbursement reflects a combination of a 2.9% inflation update based on the hospital market basket and a productivity 0.8% reduction mandated by the Affordable Care Act. Please note that this is an average, and that updates may vary significantly by code and specialty.
It is also important to note that CMS does not consider sequestration in its final rule. This statutory 2% reduction remains in effect until at least 2024, unless Congress acts.