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
