ASC Coding, Billing & Collections

COVID-19 may have shattered the assumption that healthcare is recession-proof, but a new report from commercial real estate firm Cushman & Wakefield predicts that demand for medical space will be resilient, GlobeSt.com reported Dec. 11.

It may be time to change the way organizations set physician compensation rates, according to healthcare valuation and transaction advisory firm VMG Health.

ASC can continue to receive separate payment for Omeros' cataract surgery drug, Omidria, under CMS' 2021 Hospital Outpatient Prospective Payment System and ASC Payment System Final Rule.

ASC administrators had to change plans during the pandemic after some temporarily closed or lowered procedure volume to conserve resources and stem the spread of COVID-19.

To help their industry continue to grow, ASCs must meticulously account for direct and indirect procedure expenses, also known as case costing, according to Regent Surgical Health. 

In an effort to maintain or increase patient volume and reduce collections costs, physician groups increasingly are offering substantial discounts to patients who pay cash up front for their medical care.

With the COVID-19 pandemic continuing to affect patient and practice finances, Becker's ASC Review asked surgery center leaders about the state of revenue cycle processes.

UnitedHealthcare Group is the country's largest insurance company by both total revenue and lives covered, according to ValuePenguin, a resource for consumers looking to make more informed financial decisions.

Last year, the Centers for Medicare and Medicaid Services (CMS) physician fee schedule (PFS) included a reimbursement increase for emergency department evaluation and management (E/M) codes.

ValuePenguin, a resource for consumers looking to make more informed financial decisions, identified the largest medical insurance providers in each state and Washington, D.C.