Global Ambulatory Surgical Center Software Market is set to witness a CAGR close to 10% by 2027 : Growing Patient Preferences for Outpatient Surgeries

Ambulatory care is a medical care provided in outpatient setting and does not need 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 Ambulatory Surgical Centers are cataract surgery, gallbladder removal, tonsillectomy, endoscopy/colonoscopy, arthroscopic/orthopedic procedures, and cardiac procedures. Owing to their cost effectiveness and convenience, the volume of procedures performed at ASCs is increasing and ambulatory surgical center software is likely to play a crucial role in these settings by easing the day to day operations by effectively preparing staff and patients for pre-op and post-op tasks.

Growing Investments in Ambulatory Surgical Center Segment from Healthcare Companies Indicates a Vast 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 rapid growth potential in the segment, many investors have backed independent ASCs and have consolidated to form larger groups and chains.

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

ASCs are not Federally Mandated to Implement EHRs - A Major Challenge to the Adoption of Ambulatory Surgical Center Solutions in United States

Since 2008, EHR adoption in office-based settings has almost doubled from ~40% to more than 80%. However, according to the Ambulatory Surgery Center Association (ASCA), the adoption rate of EHRs in ASC settings remains quite low (approx. only 20%). Greater 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 mandatory for ASCs to implement EHRs which has caused their adoption to drop in these settings. However, low adoption rate also indicates that there is a broad scope for ASC solution providers to penetrate into the global ambulatory surgical center software market.

North America Holds a Larger Market Share in the ASC Software Market

From a geographical overview, North America is expected to hold a larger market share in the ambulatory surgical center software market. This is attributed to the presence of huge number of ASC centers and number of ASC procedures being performed, broader adoption of ASC solutions, an increasing financial incentives, and growing cases of many diseases and associated surgeries.

The number of Medicare certified ASCs have rapidly grown in United States from ~5200 in 2011 to ~5500 in 2015 and ~5800 in 2020 (total number of ASCs in the U.S. is ~11,800). Previously, ASC procedures were reimbursed based on the Consumer Price Index for All Urban Consumers ("CPI-U") which caused lower reimbursements.

However, from 2019 till now, CMS decided to update the ASC payment system using the hospital market basket update, rather than the CPI-U. This further improved the reimbursements for ASC procedures. Such developments and innovations are likely to drive 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 ASC software market are AthenaHealth, Cerner, Epic, Allscripts, Surgical Information Systems (SIS), HST Pathways, eClinicalWorks, Nextgen Healthcare, and Advanced Data Systems Corporation, etc.

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

Ruta Halde
Associate, Medi-Tech Insights
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Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

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