While ASCs focus on ensuring that patients have the best surgical experience possible, they also provide cost-effective care that saves the government, third-party payers and patients money. Because ASCs are highly specialized and function on a much smaller scale, they are able to provide services at a lower price than a full-service hospital.
The value ASCs provide is a combination of cost and quality. A study published in Health Affairs finds that ASCs save money and increase efficiency for Medicare, insurers and patients alike, while providing the same high-quality care as HOPDs. That study, conducted by health economists Elizabeth Munnich of the University of Louisville and Stephen Parente of the University of Minnesota, concludes that “ASCs are a high-quality, lower-cost substitute for hospitals as venues for outpatient surgery.” The full study can be read in the May 2014 issue of Health Affairs.