58% of ASC companies offer coding services

Rachel Popa - Print  |

HealthCare Appraisers outlined statistics on coding services provided by ASC managers in the 2019 ASC Valuation Survey.

HealthCare Appraisers and the Ambulatory Surgery Center Association collected data from 26 companies, including ASC management companies, investment bankers and business brokers to compile its report.

More than half—58 percent—offer some coding services. Here is the breakdown of how often companies provide these services to their ASCs:

• Never: 42 percent
• 25 percent of the time: 3 percent
• 50 percent of the time: 17 percent
• 75 percent of the time: 10 percent
• Always: 28 percent

The typical fee for ASC billing and collections services provided by third parties, as a percentage of net revenue, is:

• 2.00 to 2.99 percent: 7 percent
• 3.00 to 3.99 percent: 38 percent
• 4.00 to 4.99 percent: 24 percent
• 5.00 to 5.99 percent: 21 percent
• 6.00 to 6.99: 10 percent

More articles on coding, billing and collections:
Indiana surgery center agrees to stop participating in Medicare — 5 insights
What ASCs can do to advance value-based care — 3 Qs with Dr. Rita Numerof
3 reasons healthcare executives are reluctant to adopt value-based care

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