Business Finance

APCs for outpatient procedures performed in ambulatory surgery centers (ASCs) are part of an averaging and bundling system using CPT® procedure, HCPCS Level II and revenue codes submitted to Medicare on CMS=1500 forms, with UB-04 claim forms used by ASCs to file claims to most other payors. The APC system utilizes “packages” of CPT® and HCPCS Level II codes, based ...

Carilion Clinic has offered in a proposed consent agreement to “promptly divest” two outpatient centers in Roanoke, Va., in order to resolve an antitrust complaint brought by the Federal Trade Commission, according to a motion filed with the commission.  According to Modern Physician, Lawyers for the FTC and the six-hospital system jointly asked to put the matter on hold for ...

CHARLOTTE, N.C. — Cogdell Spencer Inc., a real estate investment trust (REIT) that invests in specialty office buildings, including medical offices and ambulatory surgery and diagnostic centers, and provides strategic planning and design and construction services for the medical profession, announces financial results for the quarter ended June 30. Second Quarter 2009 ResultsFor the second quarter of 2009, Cogdell Spencer Inc. ...

The Associated Press is reporting Kristen Diane Parker, accused of swapping her dirty syringes for ones filled with powerful painkillers meant for patients, possibly exposing thousands of people to hepatitis C, pleaded not guilty to federal charges Thursday.Prosecutors claim, Parker 26, is linked to at least 19 cases of hepatitis C in patients who underwent surgery at two Colorado hospitals. ...

Senate Bill 787, signed into law by Governor Jon S. Corzine on March 21, significantly amended New Jersey’s physician self-referral law, known as “the Codey Law” after its sponsor, Sen.Richard J. Codey. S787 not only freezes the number of certain physician-owned ambulatory care and ambulatory surgery facilities to which physician owners may refer patients, but it also sets Sept. 17, ...