ASCs can run the following reports to ensure revenue leaks are addressed:
1. Aging accounts receivable report. Make sure the total dollar amount isn’t increasing and that days in A/R are decreasing.
2. Summary aging report by physician. Use this report to address trends in case mix.
3. Physician utilization report. Monitor decreases in case volume by physician.
“Running these reports will highlight areas that need immediate attention. Share the results with the appropriate revenue cycle staff member(s) while offering suggestions as to how to address any problems,” Serbin Medical Billing said in a blog post. Click here to read more.
More articles on coding, billing and collections:
Surgical Notes covers 15 revenue cycle KPIs in new e-book
Why the ‘old school’ approach to collections is no longer viable for ASCs
3 ASCs seeking coding, billing talent
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
