The U.S. Court of Appeals ruled July 17 that HHS was within its rights to reduce payments to hospital outpatient departments, reversing a district court's earlier decision.
ASC Coding, Billing & Collections
Most specialty providers who bill out of network do so less than 10 percent of the time, according to a recent analysis by the Health Care Cost Institute, an independent, nonprofit research institute.
Mnet Health, a company providing revenue cycle management services to the surgical industry, reported a 1.6 percent year-over-year increase in patient payments in June, despite the COVID-19 pandemic.
Elective surgery delays and the resulting losses for hospitals and surgery centers will drive up costs for employers, payers and patients, ConsumerMedical concluded based on a recent data analysis.
Traverse City, Mich.-based Copper Ridge Surgery Center hired a finance controller, according to the Traverse City Record-Eagle.
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Three surgery centers that filed for bankruptcy in the past year:
The CDC's ICD-10-CM code update for fiscal year 2021 includes 57 new musculoskeletal codes, according to Part B News.
As healthcare organizations develop strategies to secure financial well-being during the COVID-19 pandemic, they can glean critical insights from workflow, business intelligence and denial management technologies.
At the onset of the pandemic, increasing use of three codes — 31500 for emergency intubations, 99291 for intensive care unit treatment and 99233 for complex hospital visits — reflected rising numbers of COVID-19 patients, according to Tony Mira, president…
Ninety-seven percent of U.S. medical practices have taken a financial hit from the COVID-19 pandemic, according to a survey by the Medical Group Management Association.