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3 ways ASCs can increase profits through managed care contracts

It's critical for ASCs to handle managed care contracts properly, but doing so can be challenging, according to Westchester, Ill.-based Regent Surgical Health Vice President of Managed Care, Andrea Woodell.

Ms. Woodell shared three ways ASCs can efficiently handle managed care contracts to increase profitability:

1. When an ASC adds a new service line, managed care contracts should be updated accordingly. Evaluating how the center is doing based on payer and service line is a good place to start.

2. Determining how service line and payer performance affect operational margins is the next step.

3. ASCs need to collect data on timely and accurate payments to ensure implants are paid for at the contracted rate.

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