FAIR Health Introduces FH Ambulatory Surgery Center Benchmarks™

Features over 2,500 Procedure Codes Performed in an ASC Setting

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Jun 04, 2015, 10:50 ET

NEW YORK, June 4, 2015 /PRNewswire-USNewswire/ -- The increasing number of surgical procedures that do not require an overnight stay and are being performed in locations other than hospital outpatient facilities are driving demand for cost, utilization and other trend data that facilitate understanding of the Ambulatory Surgery Center (ASC) industry. FAIR Health, an independent, non-profit company with the nation's largest collection of privately billed medical and dental claims today announced its new FH Ambulatory Surgery Center Benchmarks module, a tool to help meet this need.

FAIR Health products, including the new FH^® Ambulatory Surgery Center Benchmarks module, are developed from a comprehensive database of more than 18 billion billed medical and dental procedures from commercial insurance claims, with new data continuously added.

The newly launched module will help healthcare stakeholders to analyze the utilization and cost trends associated with the growth in popularity of ASCs and to distinguish them from the utilization and costs of procedures performed in a traditional hospital outpatient setting which are reported in FAIR Health's FH Outpatient Facility Benchmarks modules. The new module can be used by insurers, employers, plan sponsors and third-party administrators to process out-of-network claims and inform in-network and out-of-network fee schedules. Healthcare professionals, operators of ASCs and public agencies can also use the data in the development of fee schedules as well as to support practice management and strategic planning. Likewise, the data can fuel studies by researchers, policymakers and consultants. By making these data available, FAIR Health is advancing its mission of offering cost transparency to all healthcare stakeholders.

Additional information about the FH Ambulatory Surgery Center Benchmarks module:

Developed from over five million claims for services and procedures commonly performed in ASCs
Includes more than 2,500 procedure codes
Benchmarks provided at the state, regional and national level
Updated twice each year

"FAIR Health's independence and neutrality have contributed to the acceptance of our data and data products by all industry stakeholders," said Robin Gelburd, President of FAIR Health. "The addition of the FH Ambulatory Surgery Center Benchmarks module will add another dimension to the analysis of the healthcare market and expand our already extensive facility and professional fee database tools."

About FAIR Health

FAIR Health is a national, independent, nonprofit corporation dedicated to bringing transparency to healthcare costs and health insurance information through comprehensive data products, consumer resources and health systems research support. FAIR Health uses its database of billions of billed medical and dental services to power an award-winning free website (fairhealthconsumer.org). For more information, visit fairhealth.org.

Media Inquiries:
Anayo Afolabi
FAIR Health, Inc.
[email protected]
646-741-9029

SOURCE FAIR Health