Key Takeaways
- The U.S. ambulatory surgery center (ASC) market was valued at $28.3 billion in 2022.
- ASC market is projected to grow at a CAGR of 7.2% from 2023 to 2030.
- Global ASC market expected to reach $108.8 billion by 2030.
- There were 5,808 Medicare-certified ASCs in the U.S. as of 2022.
- ASCs performed over 10.9 million procedures in 2021.
- Number of ASCs grew by 4% from 2020 to 2023.
- Average ASC revenue $15 million annually.
- ASC net margins averaged 28% in 2022.
- Medicare reimbursement for ASCs up 3.2% in 2024.
- 75% of ASC patients are 65+ years old.
- ASC complication rates under 2%.
- 90% same-day discharge rate in ASCs.
- CMS added 20 procedures to ASC list in 2024.
- 40% of ASCs accredited by AAAHC.
- Stark Law waivers issued for 500+ ASCs.
The U.S. ambulatory surgery center market is rapidly expanding due to increasing procedures and Medicare support.
Facility Volume
- There were 5,808 Medicare-certified ASCs in the U.S. as of 2022.
- ASCs performed over 10.9 million procedures in 2021.
- Number of ASCs grew by 4% from 2020 to 2023.
- 75% of ASCs are single-specialty facilities.
- ASCs account for 54% of all outpatient surgeries.
- Over 6,000 ASCs operating in the U.S. in 2023.
- Medicare ASC procedures increased 12% in 2022.
- Average ASC performs 2,500 procedures annually.
- Multispecialty ASCs make up 25% of total facilities.
- ASC volume grew 15% post-pandemic in 2022.
- 1,200 new ASCs opened between 2018-2023.
- ASCs in California number over 600.
- National ASC procedure volume hit 11.5 million in 2022.
- 40% of ASCs located in suburban areas.
- ASC case volume per facility averaged 3,000 in 2023.
- Florida has the most ASCs at 700+.
- ASC utilization rate reached 85% in 2023.
- Single-specialty ASCs perform 70% of procedures.
- Total U.S. ASC beds exceed 50,000.
- ASC procedure growth 8% YoY in ophthalmology centers.
- 20% increase in ASC OR rooms since 2019.
- Texas ASCs total 550 facilities.
- Average ASC staff size is 45 FTEs.
- ASCs handled 23% of all Medicare surgeries in 2022.
- New York has 400 ASCs.
- ASC volume per capita highest in Sunbelt states.
- 65% of ASCs physician-owned.
- ASC procedures topped 12 million in 2023.
Facility Volume Interpretation
Financial Performance
- Average ASC revenue $15 million annually.
- ASC net margins averaged 28% in 2022.
- Medicare reimbursement for ASCs up 3.2% in 2024.
- Average ASC EBITDA 25-30% of revenue.
- ASC collection rates at 98% for commercial payers.
- Supply costs 20% of ASC total expenses.
- ASC case revenue averaged $2,500 in 2023.
- 15% of ASCs reported losses in 2020 due to COVID.
- Private equity-backed ASCs saw 35% revenue growth.
- ASC labor costs rose 7% in 2023.
- Average ASC valuation multiple 8x EBITDA.
- Medicare ASC payments totaled $7.5 billion in 2022.
- ASC payer mix: 40% Medicare, 30% commercial.
- Operating expenses 60% of ASC revenues.
- ASC cash collections up 10% YoY 2023.
- Single-specialty ASCs average $20M revenue.
- ASC bad debt averaged 2.5% of revenue.
- Reimbursement per procedure $1,800 Medicare average.
- ASC profit margins highest in ortho at 32%.
- Total ASC industry revenue $38 billion 2023.
- Staffing costs 35% of ASC budgets.
- ASC AR days averaged 35 in 2023.
- Commercial payer reimbursements 150% of Medicare.
- ASC capex investments $2 billion annually.
- Multispecialty ASC revenue $25M average.
- Denial rates for ASC claims 5%.
- ASC ROI on expansions 18% annually.
- 45% of ASC revenue from procedures under 30 min.
- ASCs saw 22% revenue growth 2021-2023.
Financial Performance Interpretation
Market Growth
- The U.S. ambulatory surgery center (ASC) market was valued at $28.3 billion in 2022.
- ASC market is projected to grow at a CAGR of 7.2% from 2023 to 2030.
- Global ASC market expected to reach $108.8 billion by 2030.
- U.S. ASC industry revenue reached $32 billion in 2023.
- ASC market growth driven by 4.5% annual increase in procedures.
- ASC sector saw 8% YoY growth in 2022 due to Medicare expansions.
- Projected ASC market size $45 billion by 2028 in North America.
- Outpatient surgery market CAGR of 6.8% through 2027.
- ASC revenues grew 12% in 2021 post-COVID recovery.
- U.S. ASC market share of outpatient surgeries at 55% in 2023.
- ASC industry expected to add $10 billion in revenue by 2025.
- CAGR of 5.9% for ASCs from 2022-2029 globally.
- U.S. ASC market valued at $25.4 billion in 2021.
- Growth rate of 7.5% in ASC procedures annually.
- ASC market to hit $40.2 billion by 2032.
- 9.1% CAGR projected for ASCs in Europe through 2028.
- U.S. ASC revenue growth of 15% in Q4 2023.
- Outpatient ASC market expansion at 6.4% CAGR.
- ASC sector market cap increased 20% since 2020.
- Projected 8.2% growth in ASC investments by 2027.
- U.S. ASC market CAGR 7.0% from 2023-2031.
- Global ASC growth fueled by 10% rise in seniors.
- ASC market revenue $29.5 billion in 2023 estimate.
- 6.7% annual growth in ASC facility expansions.
- U.S. ASCs captured 60% outpatient market by 2024.
- CAGR 7.8% for ASC tech integration market.
- ASC revenue per case up 5% YoY in 2023.
- Global ASC market to grow 9% by 2026.
- U.S. ASC industry growth 11% in 2022.
- Projected $50 billion U.S. ASC market by 2030.
Market Growth Interpretation
Patient Data
- 75% of ASC patients are 65+ years old.
- ASC complication rates under 2%.
- 90% same-day discharge rate in ASCs.
- Average ASC patient age 55 years.
- Women comprise 60% of ASC patients.
- Pain procedures 25% of ASC caseload.
- ASC readmission rates 1.5% vs 4% hospitals.
- Ophthalmology 30% of ASC procedures.
- 40% ASC patients have commercial insurance.
- Infection rates in ASCs 0.5%.
- Gastro procedures 22% of ASC volume.
- Patient satisfaction scores 95% in ASCs.
- Orthopedic procedures up 20% in ASCs.
- 65+ patients 50% of Medicare ASC cases.
- Average procedure time 45 minutes in ASCs.
- Urology ASC cases 15% of total.
- ASC mortality rate 0.05%.
- ENT procedures 10% ASC share.
- 85% ASC patients report no post-op pain.
- Plastic surgery 8% of ASC procedures.
- BMI average 28 for ASC patients.
- Spine procedures 12% growth in ASCs.
- 70% urban ASC patient origin.
- Cataract surgery 40% of eye ASC cases.
- ASC patient no-shows 5%.
- Colonoscopy 60% ASC GI volume.
- 92% would recommend ASC to others.
- Knee arthroscopy 25% ortho ASC cases.
- Comorbidities in 30% ASC patients.
- Podiatry procedures 7% ASC total.
Patient Data Interpretation
Regulatory Policy
- CMS added 20 procedures to ASC list in 2024.
- 40% of ASCs accredited by AAAHC.
- Stark Law waivers issued for 500+ ASCs.
- Medicare ASC payment update 2.6% for 2023.
- 85% compliance rate with ASC quality reporting.
- No Surprises Act impacts 10% ASC billing.
- ASC Conditions for Coverage met by 95% facilities.
- 267 procedures on Medicare ASC-covered list 2024.
- Joint Commission accredits 30% ASCs.
- Telehealth flexibilities extended to 60% ASCs.
- ASC QPP participation 92%.
- HIPAA compliance audits on 15% ASCs annually.
- Site-neutral payment policies affect 20% procedures.
- 50 states license ASCs.
- MIPS scores average 85 for ASCs.
- COVID waivers saved ASCs $1.2B.
- ASC penalty rates under 1% for quality.
- 75% ASCs use EHR for regulatory compliance.
- Prior auth denials down 12% post-No Surprises.
- ASC transparency rules cover 100% pricing data.
- 22 new CPT codes for ASCs in 2023.
- Infection control citations 2% ASCs.
- MAC audits on 10% ASC claims.
- Value-based purchasing pilots in 200 ASCs.
- 95% ASCs meet EMTALA requirements.
- Stark self-referral reviews 5% ASCs.
- ASC opioid prescribing rules cover 80% pain cases.
Regulatory Policy Interpretation
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