ASCs should know the contracts they have with each payor and produce updated data on the profitability of each case before submitting the bill to the insurance company, said Vivek Taparia, director of business development, and Matt Lau, corporate controller, Regent Surgical Health, in a presentation they gave at the 9th Annual Orthopedic, Spine and Pain Management-Driven ASC Conference in Chicago on June 10, 2011. If the case isn’t profitable, surgeons should consider taking similar cases out of the ASC in the future.
Click here to read the full article in Becker’s Orthopedic & Spine Review about the profitability of orthopedic cases.
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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