• Monitor productivity. Track provider productivity and manage provider expectations of compensation.
• Capture charges. Ensure that all services are properly identified and captured in the billing sheet or EHR.
• Ensure claims are clean. Double check that claims are clean the first time they are sent.
• Create effective collections policies. Put in place policies to ensure co-pays, deductibles, co-insurance and past due balances are collected.
• Review payer contracts. Review and renegotiate contracts on a regular basis to maximize reimbursement.
More articles on coding and billing:
Demand for medical coders on the rise
4 things to know about future of ACOs
HCA to acquire mobile health software developer PatientKeeper
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.