Three ways to improve cash flow:
1. Properly training business office staff, auditing performance and having enough staff to compensate for surgical volume are three ways ASCs can improve their business structure and billing process.
2. Insufficient implant coverage, contracts missing from an ASC’s billing system and contract rates lower than what cases cost are the areas to focus on when seeking to improve managed care contracts to boost cash flow.
3. Poor reimbursement is often caused by lax oversight of fee schedules. ASC staff should address duplicate fee schedules, load fee schedules in their billing system and update them as necessary.
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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.