Know More About “U.S. Ambulatory Surgery Center Market 2022-2030” Growth Worldwide…..|Posted by Mrudula Karmarkar on July 12th, 2022 The U.S. ambulatory surgery centers market size is expected to reach USD 58.6 billion by 2030, expanding at a CAGR of 5.9%, according to a new report by Grand View Research, Inc. The cost-effectiveness of procedures performed at ASCs along with the rising geriatric population, in turn contributing to demand for surgeries, is expected to fuel the market over the next few years. As per a report by the Ambulatory Surgery Center Association, healthcare costs in the U.S. have been reduced by USD 38 billion due to the availability & use of ambulatory surgery centers. Healthcare expenditure in ambulatory surgery centers is quite lower compared to hospitals. A report by OR manager based on CMS statistics revealed that 57 million surgical procedures were performed in the U.S. in 2020, wherein less than 20% of the procedures were performed in outpatient hospital facilities indicating a shift in demand from hospitals to ambulatory surgery centers. Ambulatory surgery centers are expected to witness high growth after the COVID-19 pandemic, thus creating further opportunities for ASCs. Healthcare providers & the government are undertaking various initiatives to facilitate the increasing demand for minimally invasive procedures at ASCs. For instance, the latest favorable updates in reimbursement policy by CMS and collaborations by Healthcare Outcomes Performance Company and Ascension Florida and Gulf Coast for the development of ambulatory surgery centers are some of the factors expected to contribute to post-COVID-19 growth of the market. Services at ambulatory surgery centers are reimbursed in the U.S. by Medicare in accordance with the policy issued by the Center for Medicare & Medicaid Services. According to CMS, the ASC payment group is assigned in the U.S. for deciding payment rates for services at ambulatory surgery centers. In addition to reimbursement for services, CMS has a value-based purchasing program for these centers to provide reimbursement to providers based on patient outcomes. The U.S. government is considering the role of ASCs as an important aspect of healthcare and is undertaking initiatives to ensure proper reimbursement, fueling the market growth. For instance, in January 2022, CMS made changes to eligibility for Medicare reimbursement by removing criteria of compulsory inpatient procedure at ambulatory surgery centers, allowing reimbursement for outpatient services. To Request Sample Copy of this report, click the link: Ambulatory surgery centers are highly regulated healthcare settings. They are regulated by the Ambulatory Surgery Center Association. Regulations for ambulatory surgery centers vary from state to state. According to a report by the American College of Foot and Ankle Surgeons, 46 states require licensing for ambulatory surgery centers, wherein each state has different eligibility criteria, with 28 of these states requiring a third-party accreditation. There is a requirement for a certificate of need in 25 states, wherein ASC must demonstrate the need for new services & construction. Each state has an operation manual for ambulatory surgery centers. U.S. Ambulatory Surgery Center Market Report Highlights
List of Key Players in the U.S. Ambulatory Surgery Center Market
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