She discussed how surgery center administrators can analyze managed care contracts to better understand each payor’s terms and reimbursement rates and then apply that information to the revenue cycle.
“Surgery centers can lose out on significant revenue because they don’t understand how to get the most out of their managed care contracts,” said Ms. Rock. “Analyzing each managed care contract on a regular basis and communicating the key point to all clinical and administrative staff is necessary for the financial success of the center.”
More Articles on National Medical Billing Services:
Tough Coding Issues Facing ASCs
Conscious Sedation Guidelines in Surgery Centers: Thoughts From Tamara Wagner and Diana Hillard of National Medical Billing Services
4 Ideas to Boost ASC Revenue Cycle
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.
