26 statistics on ASC revenue cycle management services

Here are 26 statistics on revenue cycle management services based on the HealthCare Appraisers 2017 ASC Valuation Survey. Twenty-four ASC companies representing 700 surgery centers submitted responses for the survey.

Advertisement

 

Coding services

1. Always: 25 percent
2. Often: 10 percent
3. Sometimes: 10 percent
4. Rarely: 5 percent
5. Never: 50 percent

Accounting

6. Always: 70 percent
7. Often: 15 percent
8. Sometimes: 5 percent
9. Rarely: 0 percent
10. Never: 10 percent

Corporate revenue cycle executive or staff

11. Always: 60 percent
12. Often: 20 percent
13. 10 percent
14. Rarely: 0 percent
15. Never: 10 percent

Managed care contracting

16. Always: 80 percent
17. Often: 15 percent
18. Sometimes: 5 percent
19. Rarely: 0 percent
20. Never: 0 percent

Typical fees for third party billing and collections

21. 2.0 to 2.9 percent of net revenue: 10 percent
22. 3.0 to 3.9 percent of net revenue: 10 percent
23. 4.0 to 4.9 percent of net revenue: 38 percent
24. 5.0 to 5.9 percent of net revenue: 19 percent
25. 6.0 to 6.9 percent of net revenue: 14 percent
26. More than 7 percent of net revenue: 10 percent

More articles on surgery centers:

6 questions ASC administrators should consider before adding a new procedure

The ASC industry today and new trends taking hold: 3 industry leaders share insights

5 findings about lumbar spine surgery in ASCs: Does a new pedicle screw measure up?

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.

Register to Attend Webinar

160 ambulatory leaders just ranked the EHR as the single system most overdue for AI reinvention

Tuesday, August 11
12:00 PM - 1:00 PM CDT

Presenter: Gautam Shah, MBA, FACHDM, NextGen Healthcare

Advertisement

Next Up in ASC News

Advertisement

Comments are closed.