GAO Report: Differences between Private and Medicare Anesthesia Services Payments Likely Due to Providers’ Strong Negotiating Position

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Literature GAO reviewed indicated that private insurance payments for anesthesia services on average were more than 3-1/2 times those of Medicare payments. This payment difference increased from what GAO reported in 2007— average private insurance payments for certain anesthesia services in 2004 were about 3 times those of Medicare. While Medicare rates for anesthesia services are set by the Centers for Medicare & Medicaid Services (CMS), private insurance rates are set through negotiations between providers and private insurers.

Anesthesia for Endoscopic Procedures: An Update

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Endoscopy cases had been an increasing line of business for many anesthesia practices in recent years, but revaluing of certain endoscopy-related anesthesia codes and the lingering effects of the COVID pandemic have caused concern among some groups. This article will explore where anesthesia currently stands as it concerns endoscopic cases.

National Partners in Healthcare Expands into Salt Lake City, Utah with Rocky Mountain Anesthesiology

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National Partners in Healthcare (NPH), a national healthcare organization delivering best in class anesthesiology services, announced Thursday that Rocky Mountain Anesthesiology (Rocky) has joined NPH. “We are extremely excited about launching our partnership model in Utah with Rocky and their unwavering dedication to high quality anesthesia to the patients, surgeons and facilities they serve in Ogden,” said Mike Saunders, CEO of NPH. “Adding Rocky to NPH expands our commitment to adding high quality leaders in the anesthesia community.” NPH is a joint venture between Archimedes Health Investors LLC, a healthcare-focused private equity firm, and BlueMountain Capital Management LLC, an investment firm with extensive experience building enduring partnerships in the healthcare industry.

NorthStar Anesthesia Completes Acquisition of Surgery Partners Anesthesia Services Business

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NorthStar Anesthesia (“NorthStar” or the “Company”), one of the country’s leading anesthesia care providers and managers, announced Tuesday that Anesthesia Consulting & Management, LP, has completed an acquisition of select anesthesia services businesses of Surgery Partners, Inc. (NASDAQ:SGRY) (“Surgery Partners”), a leading short-stay surgical facility owner and operator. Founded in 2004, Surgery Partners is one of the largest and fastest growing surgical services businesses in the U.S. Surgery Partners’ anesthesia business provides and manages third party providers of anesthesia services at 25 locations across select Surgery Partners facilities in Georgia, Florida, Kentucky, North Carolina and Texas.

CRH Medical Corporation Announces Completion of Majority Acquisition of Coastal Carolina Sedation Associates, LLC

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CRH Medical Corporation (“CRH”, or the “Company”) (TSX: CRH) (NYSE MKT: CRHM), announces that it completed an accretive transaction whereby the Company has acquired a 51% interest in Coastal Carolina Sedation Associates, LLC (“Coastal Carolina”), a gastroenterology (“GI”) anesthesia practice located in Wilmington, North Carolina. Coastal Carolina represents the Company’s 30th acquisition, and provides anesthesia services to a single ambulatory surgery center. The transaction was financed through a combination of CRH’s credit facility and cash on hand.

CRH Medical Corporation Announces Majority Purchase of Orange County Anesthesia Associates

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CRH Medical Corporation (“CRH”, or the “Company”) (TSX: CRH) (NYSE MKT: CRHM), announces that it has completed an accretive transaction whereby the Company has acquired a 66% interest in Orange County Anesthesia Associates, LLC (“Orange County”), a gastroenterology (“GI”) anesthesia practice located in Florida. Orange County provides anesthesia services to a single GI ambulatory surgery center. The transaction was financed through a combination of CRH’s credit facility and cash on hand.

Georgia Anesthesia Practice Refiles for Bankruptcy

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Henry Anesthesia Associates, an anesthesia practice in Stockbridge, Ga., refiled for Chapter 11 bankruptcy protection July 28, according to bankruptcy court documents obtained by The Atlanta Business Journal. The anesthesia practice first filed for Chapter 11 bankruptcy in September. The bankruptcy court dismissed the case in June at its request so it could apply for a Paycheck Protection Program loan. Henry Anesthesia said that despite the PPP loan, it continues to struggle financially because of the COVID-19 pandemic.

CRH Medical Corporation Announces Majority Purchase of Central Virginia Anesthesia Associates

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CRH Medical Corporation (“CRH”, or the “Company”) (TSX: CRH) (NYSE MKT: CRHM), announces that it has completed an accretive transaction whereby the Company has acquired a 51% interest in Central Virginia Anesthesia Associates, LLC (“Central Virginia”), a gastroenterology (“GI”) anesthesia practice located in Virginia. Central Virginia provides anesthesia services to a single GI endoscopy center. The transaction was financed through a combination of CRH’s credit facility and cash on hand. Tushar Ramani, CEO of CRH, commented on the transaction, “The acquisition of Central Virginia represents our first acquisition in the state of Virginia as well as our third acquisition in the past three weeks. We see continued opportunities to expand our anesthesia footprint across the balance of 2020.”

National Partners in Healthcare Expands in Las Vegas with Valley Anesthesiology Consultants

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National Partners in Healthcare (NPH), a national healthcare organization delivering best in class anesthesiology services, announced Tuesday that Valley Anesthesiology Consultants (Valley) has joined NPH. “NPH’s unique approach to its partnerships with anesthesia providers as well as access to some of the industry leading anesthesia business experts allows Valley to continue focus on growth, customer service and delivering high-quality patient care,” said Timothy Beckett, MD & Garland Cowan, MD, Co-Presidents of Valley Anesthesiology Consultants. “NPH stands out as the best business partner for not only Valley Anesthesiology Consultants but all high-quality anesthesia groups.”

CRH Medical Corporation Announces Completion of Majority Acquisition of Metro Orlando Anesthesia Associates, LLC

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CRH Medical Corporation (the “Company”) (TSX: CRH) (NYSE MKT: CRHM), announces that it completed an accretive transaction whereby the Company has acquired a 75% interest in Metro Orlando Anesthesia Associates, LLC (“Metro Orlando”), a gastroenterology (“GI”) anesthesia practice located in Orlando, Florida. Metro Orlando represents the Company’s 27th acquisition, and provides anesthesia services to a single ambulatory surgery center. The transaction was financed through a combination of CRH’s credit facility and cash on hand.