What’s on the horizon for ASC reimbursement, cost reporting: 3 quick notes

ASCs will likely be required to report cost data in the near future because of increasing demand for price transparency in healthcare, according to Health Capital Consultants.

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Three quick notes:

1. While cost reporting could add to ASCs’ administrative burden, it could also help them improve care quality.

2. Site-neutral payments for ambulatory services are likely here to stay and will give ASCs a competitive advantage.

3. ASCs could see a significant increase in volumes, and therefore increased revenues, because of Medicare’s push for the outmigration of care.

More articles on coding, billing and collections:
FocalPoint Holdings enters into patient financing partnership
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Total costs for 4 eye procedures at ASCs vs. HOPDs

 

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.

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