1. Narrow networks threaten to exclude anesthesiologists and other physicians. Elimination of an anesthesia group from a hospital or ASC can effectively mean the end of that group. Focusing on improvements in cost and quality of anesthesia services can help combat the threat of elimination from a network.
2. Operating overhead is an important opportunity to reduce expenses in the revenue cycle. Other opportunities for reducing costs may include working with facilities at which care is provided to identify cost-saving areas to address, such as clinician staffing volumes.
3. Benchmarking for quality and efficiency can help administrators understand the point at which payments are too low to cover an anesthesia group’s costs — and to negotiate upward if necessary.
More Articles on Anesthesia:
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Tufts Medical Center Implements Plexus Anesthesia Touch System
