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5 essential billing guidelines for ASCs in 2019

To avoid closing or merging with larger medical groups for financial reasons, ASCs must have effective revenue cycle management processes in place, according to 247 Medical Billing Services.

Five essential billing guidelines:

1. Ensure your ASC's revenue cycle team understands the billing and payment guidelines currently in effect.

2. To reduce the number of days in accounts receivable, make improvements in procedure scheduling, insurance verification, patient financial counseling, patient collections, patient payment plans and patient pre-registration.

3. Strive for error-free coding by enlisting expert coders with a deep understanding of the current CPT and ICD-10 codes and revisions.

4. Manage and keep up with payer contracts, which are subject to frequent changes.

5. Devote resources toward ensuring measures are reported correctly under the ASC Quality Reporting Program to avoid Medicare payment cuts in 2020.

More articles on coding, billing and collections:
5 must-read articles for the ASC industry this week: March 8-14
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4 ways ASCs can help teams adopt new technology

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