ASC Coding, Billing & Collections

Medical billing company Change Healthcare laid off several workers April 24 due to the COVID-19 pandemic, according to The Post-Star.

Wyomissing, Pa.-based Berks Ambulatory Surgery Center received a $100,000 loan from the Pennsylvania Department of Community and Economic Development, according to the Reading Eagle.

Roughly one-third of Washington solo practice and multispecialty group physicians who responded to a recent survey will run out of cash on hand in a matter of weeks, DeseretNews reports.

The days of surprise medical billing may be numbered due to emerging legislation around the COVID-19 pandemic. 

Surgical practices are among the businesses at risk of insolvency because of the COVID-19 pandemic, which has major implications for the future of healthcare, Stateline reports.

Most physicians have seen a substantial decrease in revenue because of COVID-19 and stay-at-home orders, according to a recent MDLinx survey of 670 physicians.

ASCs closed or operating at limited capacity during the COVID-19 pandemic can use this time to strengthen revenue cycle and administrative functions, according to Serbin Medical Billing.

Medical group practices of all sizes and specialties have taken a financial hit from the COVID-19 pandemic, according to new survey results from the Medical Group Management Association.

Patients' out-of-pocket payment obligations are higher at the beginning of the year, creating challenges for ASC collections, according to BHG Patient Lending.

The federal government's $30 billion in COVID-19 relief grants to Medicare providers are subject to terms and conditions that raised questions for many ASCs, according to the Ambulatory Surgery Center Association.