Five essential billing guidelines:
1. Ensure your ASC’s revenue cycle team understands the billing and payment guidelines currently in effect.
2. To reduce the number of days in accounts receivable, make improvements in procedure scheduling, insurance verification, patient financial counseling, patient collections, patient payment plans and patient pre-registration.
3. Strive for error-free coding by enlisting expert coders with a deep understanding of the current CPT and ICD-10 codes and revisions.
4. Manage and keep up with payer contracts, which are subject to frequent changes.
5. Devote resources toward ensuring measures are reported correctly under the ASC Quality Reporting Program to avoid Medicare payment cuts in 2020.
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.