Global Ambulatory Surgical Center (ASC) Software Market is Poised to Grow at a CAGR of 10% by 2027

Ambulatory Surgical Care is a medical care offered in the outpatient setting and does not need any hospital admission. Ambulatory Surgical Center or ASCs—are health care facilities focused on offering same-day surgical care, including diagnostic and preventive procedures. ASCs have transformed the outpatient experience by offering a convenient alternative to hospital-based outpatient procedures. Common procedures performed in ASCs are cataract surgery, gallbladder removal, tonsillectomy, endoscopy, colonoscopy, arthroscopic or orthopedic procedures, and cardiac procedures. Owing to their various cost benefits and convenience, the volume of procedures performed at ASCs is rising and ASC software is likely to play a major role in these settings by easing the day to day operations by preparing staff and patients for pre-op and post-op tasks.

Rising Investments in Ambulatory Surgical Center from Healthcare Companies Shows a Huge Growth Potential for Ambulatory Surgical Center Software Market

Investment companies have picked up on the rising trend of having surgeries done outside of a hospital setting and the importance of ASCs in these procedures. Drawn by the healthy growth potential in this market, many investors have backed independent ASCs and have consolidated to form larger groups. 

United Surgical Partners International (USPI), AmSurg, HCA, and Surgical Care Affiliates (now SCA Health) are some of the examples of large ASC chains operating in United States. Number of ASCs operated by USPI have grown from ~250 in 2015 to over 465 at present. Similarly, number of facilities operated by Surgical Care Affiliates rose from about 185 in 2015 to more than 320. 

Ambulatory Surgical Centers are not Mandated to Implement the Electronic Health Records – A Hindrance to the Adoption of ASC in USA

Since 2008, EHR adoption in office-based settings has doubled from ~40% to more than 80%. However, according to the Ambulatory Surgery Center Association (ASCA), the adoption rate of EHRs in ASC settings still remains low. Broader adoption rate in non-ASC settings is due to the Health Information Technology for Economic and Clinical Health (HITECH) Act (2009). This act authorized financial incentives of billions of dollars for doctors and hospitals for EHR implementation and levied a reimbursement penalty for those service providers not using a certified EHR. However, it is not compulsory for ASCs to implement the EHRs which has further caused their low adoption in these settings. However, low adoption rate indicates that there is a broad scope for ASC solution providers to enter the ASC software market.

North America Accounts for the Larger Market Share in the Global ASC Software Market

From a geographical outlook, North America accounts for the larger market share in the global ASC software market. This can be mainly attributed to the presence of huge number of ASC centers and the number of procedures being performed, global adoption of ASC solutions, growing financial incentives and rising cases of many diseases and associated surgeries. 

The number of Medicare certified ASCs have grown rapidly in USA from ~5200 in 2011 to ~5500 in 2015 and ~5800 in 2020. Previously, ASC procedures were reimbursed based on the Consumer Price Index for All Urban Consumers (“CPI-U”) which further caused lower reimbursement. However, from 2019 through 2023, CMS decided to update the ASC payment system using the hospital market basket update, rather than the CPI-U. This enhanced the reimbursement for ASC procedures. Such advancements are likely to propel the growth of the ambulatory surgical center software market. 

Competitive Landscape Analysis: Ambulatory Surgical Center Software Market

Some of the key and established players operating in the global ambulatory surgical center software market are AthenaHealth, Cerner, Epic, Allscripts, Surgical Information Systems (SIS), HST Pathways, eClinicalWorks, Nextgen Healthcare, and Advanced Data Systems Corporation.

Get Detailed Insights on Ambulatory Surgical Center (ASC) Software Market Report @ https://meditechinsights.com/ambulatory-surgical-center-software-market/

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