In mid-March, hospitals across the country halted elective surgeries due to the SARS-CoV-2 pandemic. While many ASCs did experience initial shock—volume across the nation dropped 80% between February and April—most ASCs have now rebounded to pre-pandemic activity.
ASC Coding, Billing & Collections
In August, the Texas Academy of Family Physicians released a five-point plan to improve primary care access and transition away from fee for service to a prospective payment system.
San Francisco-based Dignity Health and Cigna reached a multiyear agreement after a nine-month renegotiation process, the San Francisco Business Times reports.
As the U.S. healthcare system faces relentless financial strain, healthcare revenue cycle leaders are seeking strategies to increase patient volume and mitigate revenue loss during COVID-19.
Consumers save as much as $5 billion a year in out-of-pocket costs by having procedures performed in ASCs instead of hospital outpatient departments, according to Anthem.
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The former leader of multiple New York medical clinics was sentenced to prison and ordered to pay millions for his involvement in a money laundering and healthcare kickback scheme, according to a report from the Department of Justice.
The American Medical Association released the 2021 Current Procedural Terminology code set Sept. 1.
Colonoscopies and upper gastrointestinal procedures cost an average of 1.7 times more in a hospital outpatient department than they cost in an ASC, according to a July report from Anthem's Public Policy Institute.
State health plan administrators BlueCross BlueShield of Tennessee and Cigna allegedly overpaid providers at least $17.58 million, according to a claims data analysis by private firm ClaimInformatics, the Times Free Press reports.
Rush SurgiCenter Chicago saw its financial performance increase after using the SNBilling revenue cycle management service, according to a study released by Surgical Notes.