Three things to know:
1. Use spreadsheets instead of invoices. ASCs can use implant pricing spreadsheets to bill for implants instead of using invoices as a way to speed up the process.
2. Track metrics weekly. Tracking billing and collections key performance metrics weekly can help ASCs calculate their average days to bill.
3. Determine biller to case volume ratio. Surgery center staff should look at the number of cases they have, their payer mix and their service lines to determine how many billers to employ.
More articles on coding, billing and collections:
Owner of medical billing company to pay $5.7K+ in fraud case
California physician could get 20-year prison sentence on 3 drug distribution charges
MedPAC recommends cutting 2.8% surgery center reimbursement increase, requiring price reporting
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.
