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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.

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

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