Objective To compare the effects of ultrasound-guided balloon dilation combined with catheter thrombolysis and arteriovenous fistula reconstruction in the treatment of patients with acute thrombo-occlusion of arteriovenous fistula (AVF). Methods A total of 40 patients with acute thrombo-occlusion of AVF were selected as the study subjects, and they were divided into the balloon group or the reconstruction group according to the treatments, with 20 cases in each group. The balloon group received ultrasound-guided balloon dilation combined with catheter thrombolysis, and the reconstruction group received AVF reconstruction. The clinical satisfaction, effective opening rate, complication incidence, average hospital stay, and average hospitalization cost, as well as the effective vascular patency rates 1 month, 3 months, and 6 months after surgery, were compared between the two groups. Results The balloon group had higher clinical satisfaction, shorter average hospital stay, and higher average hospitalization cost, as compared with the reconstruction group (all P<0.05). There was no statistically significant difference in the effective opening rate between the two groups (P>0.05). The effective vascular patency rate 1 month and 3 months after surgery showed no significant difference between the two groups(all P>0.05); the effective patency vascular rate of the balloon group was lower than that of the reconstruction group 6 months after surgery (P<0.05). Conclusion Compared with AVF reconstruction, ultrasound-guided balloon dilation combined with catheter thrombolysis has higher clinical satisfaction, less trauma, and can preserve the original anastomosis and vascular resources in the treatment of patients with acute thrombo-occlusion of AVF, but its long-term vascular patency rate is poor and the hospitalization cost is high, so it is necessary to choose the appropriate operation according to patients′ actual situations.