His thoughts:
1. Price transparency. Patients expecting to know a procedure’s cost up front have pushed price transparency to the forefront. Additionally, CMS put regulations in place requiring facilities to post prices of procedures.
2. New ways of paying for procedures. Patients requiring flexibility for paying for procedures through payment plans have become more common.
3. New contracting opportunities. Rising healthcare costs have driven more employers to work directly with providers for their employees’ healthcare, which could impact ASC revenue through a change in payer mix.
More articles on coding, billing and collections:
Tennessee lawmaker among defendants federal government plans to sue for pain center-related billing fraud, Stark Law violations: 5 things to know
Medical malpractice insurer wins coverage case against surgery center
How Great Lakes Surgical Center ensures patient responsibility collection on the day of surgery: 3 Qs with Administrator Allison Stock
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.