5 ways ASCs can avoid revenue leaks

Fort Myers, Fla.-based Serbin Medical Billing outlined five ways ASCs can prevent revenue leaks through patient financial counseling and insurance verification.

Advertisement

Five tips to know:

1. Running reports and keeping detailed notes helps show who has been verified.

2. Telling patients about payment options before surgery helps them understand what they owe, and gives them time to make payment arrangements.

3. All necessary forms should be signed, and payments should be collected before the procedure date.

4. Follow up on payment collection on the day of the procedure.

5. Promissory notes should only be used when absolutely necessary.

More articles on coding, billing and collections:
3 billing challenges ASCs should address in 2019
Leveraging analytics to boost practice performance at your ASC
Georgia House introduces bill to exempt integrated ASCs from CON requirements — 3 insights

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.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

Advertisement

Next Up in ASC Coding, Billing & Collections

Advertisement

Comments are closed.