Bundled payment adoption can help make ASC procedures more efficient without sacrificing quality, according to Joe Smith, MD, PhD, and CEO of Reflexion Health, a medtech company that sells its VERA physical therapy device to ASCs in bundles.
ASC Coding, Billing & Collections
Fort Myers, Fla.-based Serbin Medical Billing outlined three ways to avoid revenue loss due to holes in the accounts receivable process in a recent blog post.
Billing practices with respect to premium intraocular lenses (“IOLs”) implanted in surgery centers can create various risks for the surgery center.
Quest Diagnostics — a major medical testing provider — disclosed a breach that may have exposed nearly 12 million patients' medical and billing information, according to SecureWorld News.
Out-of-network strategies can affect ASC value, according to the 2019 ASC Valuation Survey by HealthCare Appraisers.
Advertisement
The shift to value-based care and the movement away from fee-for-service payments has spurred growth in the adoption of bundled payment models. CMS and private insurers are focusing on reducing costs while maintaining care quality, paving the way for bundled…
Performing ASC revenue cycle audits can help staff identify areas of improvement, according to ASC billing company Serbin Medical BIlling.
ASCs have a better shot at achieving reimbursement for high-cost supplies, implants or pharmaceuticals if they develop a strong business case tailored to each payer, according to ECG Management Consultants Principal Naya Kehayes.
Republican Texas Gov. Gregg Abbott is expected to sign legislation banning surprise medical bills, according to local news outlet CBS DFW.
Inefficient medical billing processes could cost ASCs thousands of dollars in lost revenue, according to Medisys Data Solutions, a billing services provider.