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It's a myth that advance ASC collections won't work — here's why

It's a common myth that collecting for procedures before they're completed isn't feasible, according to Regent RCM.

Regent RCM debunked the myth with four insights:

1. Most patients expect to make a payment, and more than 90 percent want to know their financial responsibility before a provider visit or procedure.

2. Financial counseling helps patients understand how much they'll owe and budget for the expense.

3. After taking a proactive approach to patient financial counseling, Newark, Del.-based Glasgow Medical Center saw an increase in patient responsibility for deductibles and copays.

4. GMC also increased upfront money collected and minimized bad debt.

More articles on coding, billing and collections:
Delaware pain physician indicted in $12.7M Medicare fraud scheme
6 new spine-focused ASCs this year
Aurora Health Care opens $55.5M outpatient surgery center

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