Issue link: https://beckershealthcare.uberflip.com/i/548475
14 Becker's ASC 22nd Annual Meeting - The Business and Operations of ASCs – Call (800) 417-2035 Healthcare Spending Rises 7.2% in Q1: 5 Key Points By Kelly Gooch H ealthcare and social assistance revenue for the first quarter of 2015 was $579.3 billion, down 0.4 percent from the fourth quarter of 2014, accord- ing to the U.S. Census Bureau's Quarterly Services Survey. And spending was up 7.2 percent from the first quarter of 2014. Here are five key points about the survey data. 1. Hospitals reported revenue of $263.4 billion in the first quarter of 2015, up 9.2 percent from the same period of 2014. 2. Within hospitals, general medical and surgical hospitals saw a 9.3 per- cent increase in revenue in the first quarter of 2015 compared to the same period in 2014. 3. Ambulatory healthcare services reported revenue of $219.4 billion in the first quarter of 2015, up 5.9 percent from the same period of 2014. 4. Physician office revenue grew 4.6 percent in the first quarter of 2015 compared to the first quarter of 2014, while outpatient care centers' rev- enue increased 8.7 percent. 5. Overall, the rise in healthcare spending is mostly attributed to greater use of health services as well as more people covered by the Patient Pro- tection and Affordable Care Act, according to a Wall Street Journal re- port. The report notes that people also are starting to use more physi- cian and outpatient services again as the economy improves. n 15 Statistics on Net Worth for Physicians By Laura Dyrda M edscape's "Physician Debt and Net Worth Report 2015" includes statistics about physician net worth by specialty. Here are 15 statistics on physician net worth for key ASC specialties (all percentages are ap- proximations): Orthopedics 1. Under $500,000: 21 percent 2. $500,000 to $999,999: 16 percent 3. $1 million to $1.9 million: 26 percent 4. $2 million to $5 million: 27 percent 5. Over $5 million: 10 percent Urology 1. Under $500,000: 23 percent 2. $500,000 to $999,999: 18 percent 3. $1 million to $1.9 million: 21 percent 4. $2 million to $5 million: 29 percent 5. Over $5 million: 9 percent Gastroenterology 1. Under $500,000: 28 percent 2. $500,000 to $999,999: 15 percent 3. $1 million to $1.9 million: 21 percent 4. $2 million to $5 million: 26 percent 5. Over $5 million: 10 percent n SAVE THE DATE October 22 - 24, 2015 • Swissôtel - Chicago, Illinois learn more & register at https://www.regonline.com/22ndAnnualASC Becker's ASC 22nd Annual Meeting The Business and Operations of ASCs 3,900 Physicians Earn Millions From Medicare in 2013: 3 Things to Know By Carrie Pallardy C MS recently released data on Medicare payments to healthcare organizations and providers. Approxi- mately, 3,900 healthcare providers received at least $1 million each in 2013, according to a Bloomberg Business report. Here are three things to know. 1. The CMS data covered $90 billion in payments to 950,000 healthcare providers and organizations. 2. Physicians received average reimbursement of $74,000. Just five physicians received more than $10 million in Medicare payments, according to the report. 3. Two individuals, cardiologist Asad Qamar, MD, and oph- thalmologist Salomon Melgen, MD, received $15.9 million and $14.4 million in Medicare payments, respectively. Both physi- cians are now facing legal scrutiny. n