BHG Patient Lending, a financial solutions provider, recommends offering financing options for all patients, accepting various payment methods and providing monthly payment options to accommodate different budgets.
Three more insights for ASCs from BHG Patient Lending President Keith Gruebele:
1. ASCs should prepare to manage internal payment plans and extend billing and collection services during “high-deductible season.”
2. ASCs’ accounts receivable “can grow exponentially” as a result of high deductibles.
3. The high cost of collections can translate to lost revenue.
More articles on surgery centers:
21 ASCs with coronavirus restrictions or closures
How gastroenterology practices are responding to COVID-19
How COVID-19 has affected Tenet, HCA Healthcare and Surgery Partners’ shares
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.