Avoiding mistakes, developing denial logs and gathering unpaid claims are just a few ways ASCs can improve their revenue cycle, according to ASC billing servicer Serbin Medical Billing.
ASC Coding, Billing & Collections
Negotiating and focusing on value-based care are two key aspects of developing a bundled payment program, according to ASC management company Regent Surgical Health.
ASC administrators should pay close attention to industry trends that could affect cash flow and revenue, according to ASCENT, formerly known as the Association of Otolaryngology Administrators.
UnitedHealthcare established a health plan with Southfield, Mich.-based Beaumont Health that allows plan members to save money by going to Beaumont facilities.
ASCs can help staff protect their centers from Medicare fraud by educating them on CMS guidelines and regulations, ASC medical billing company Serbin Medical BIlling advises.
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Surgery centers that adopted price transparency observed growth in revenue and patient volume, according to a 2018 study published in The American Surgeon.
With patients responsible for an increasing amount of their healthcare costs, ASC staff should keep in mind the patients' satisfaction and surgical experience when collecting, according to Jho Outlaw, senior vice president of revenue cycle services for Apharetta, Ga.-based Surgical…
Collecting from patients who pay out of pocket can cost ASCs three times as much as collecting from those with commercial insurance, according to Mnet News.
A bill to allow 23-hour stays in ASCs advanced to Gov. Ron DeSantis' desk and could go into effect July 1 if the governor signs it into law.
Tom Hui, CEO and founder of ASC management software company HSTpathways, shared his insight on the three trends affecting ASC revenue in a Forbes post.