Here are the key details to know:
1. Needs assessment. When securing ASC payer contracts, newly opened ASCs need to assess their cash reserves, line of credit and the time needed to establish payer contracts.
2. Credentialing physicians. Credentialing requirements vary by payer, and take time to set up.
3. Negotiating reimbursement. ASCs shoudn’t automatically accept low reimbursement rates.
4. Resource gathering. ASCs who are prepared to cover six to 12 months of operating costs can then lay a reimbursement foundation and ensure long-term success.
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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.