What is ASC care?
Ambulatory surgery centers (ASCs) are health care facilities that offer patients the convenience of having surgeries and procedures performed safely outside the hospital setting.
Who owns American Senior Communities?
the Jackson family
The victims of the fraud were American Senior Communities, which is owned by the Jackson family of Indianapolis; the Health & Hospital Corporation of Marion County, which hired ASC to operate its nearly 70 nursing homes; Medicare; and Indiana Medicaid.
Is American Senior Communities a nonprofit?
AMERICAN SENIOR COMMUNITIES GROUP HEALTH PLAN is a 501(c)(9) organization, with an IRS ruling year of 1978, and donations may or may not be tax-deductible.
How does an ASC make money?
ASC management companies can provide a great deal of value to their partner physicians and by maintaining an ownership in the facility, their profits are directly tied to the success of the center. ASC management companies bring a variety of expertise to these ventures.
How much is American Senior Communities worth?
Company Description: American Senior Communities, LLC is located in Indianapolis, IN, United States and is part of the Nursing Care Facilities (Skilled Nursing Facilities) Industry. American Senior Communities, LLC has 117 total employees across all of its locations and generates $63.58 million in sales (USD).
How many employees does the American senior community have?
Can hospitals own ASC?
The majority of ASCs are still solely owned by physicians, which gives physicians the benefit of maximum control but brings the challenges of management and contracting as well. ASCs owned solely by hospital systems are on the rise and seek to involve physicians in a co-management role.
Who can invest in an ASC?
ASCs owned by hospitals and physicians (including anesthesiologists) must be owned by at least one hospital investor and (i) surgeons, physicians of a single-specialty, or physicians comprising multiple specialties; (ii) group practices; or (iii) investors who are not employed by the ASC or by any investor, are not in …
How do ASCs get paid?
ASCs are paid the lesser of the actual charge or the ASC payment rate for each procedure or service. The standard payment rate for ASC-covered surgical procedures is calculated as the product of the ASC CF and the ASC relative payment weight for each separately payable procedure or service.
Can your hospital survive the growing dominance of ASCs?
Efficient operations. Based on data from the consulting firm Surgical Directions, high-functioning ASCs typically have a case cancellation rate of less than 1% and turnover times that are approximately one-half to one-third of those for similar cases in a hospital.
Can a non physician own an ASC?
As a result, only a handful of non-physician owned ASC’s are licensed by the State of California. Certification is a voluntary procedure by which the Center for Medicare and Medicaid Services (CMS) confirms that ASC’s meet the requirements to be reimbursed for treatment of Medicare beneficiaries.