1. Change processes. Revenue enhancements and identifying potential cost savings are key ways to overhaul an ASC’s processes to increase revenue.
2. Evaluate operations data. Analyze operations data to get a better idea of where improvements can be made.
3. Optimize reimbursement. Review co-payments, billing practices and vendor agreements to identify areas where more money can be collected.
More articles on turnarounds:
Sutter Health to settle alleged Stark Law violations for $46M & 4 other must-read articles
3 things to know when taking cases outpatient
Popular services for multispecialty ASCs — orthopedics, ophthalmology & more
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 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.
