To avoid closing or merging with larger medical groups for financial reasons, ASCs must have effective revenue cycle management processes in place, according to 247 Medical Billing Services.
ASC Coding, Billing & Collections
Despite promising changes from CMS, reimbursement will be the biggest challenge for ASCs in 2019, according to 247 Medical Billing Services.
Healthcare costs and quality should be made more transparent and user-friendly across care settings, according to William Prentice, CEO of the Ambulatory Surgery Center Association.
In MedPAC's 2019 commission report to Congress, the commission made several recommendations related to ASCs.
Tara Vail, COO of HSTPathways, outlined five ways ASCs can save time and money during the preauthorization process in an article for Inside Digital Health.
During the February 2019 CPT panel meeting, the American Medical Association discussed changes that would significantly impact office and outpatient evaluation and management coding, ICD-10 Monitor reports.
Henry Miller, PhD, a managing director of consulting firm Berkeley Research Group, has over 45 years of experience in the healthcare industry, including provider payment system design, regulatory analysis and strategic planning.
ICD-10 codes are designed to capture a high level of specificity, accounting for nearly every injury imaginable as well as where it took place.
The preauthorization process eats up an estimated 20 hours of staff time per week, including physician time, nursing time and clerical hours, HSTpathways COO Tara Vail said in an article on Inside Digital Health.
Putting payment systems in place helps ASC collections and prevents revenue leaks, according to Fort Myers, Fla.-based Serbin Medical Billing.
