Ken Bulow: We typically use one of the following methods:
- Medicare times X percent where X can be 10-15 times Medicare.
- Some percentage of the Ingenix rate for that area.
- We will also use our proprietary MEDIBIS database to determine current prevailing market rates in the area.
Learn more about GENASCIS.
Read more from GENASCIS:
– 4 Best Practices to Control Labor and Supplies for Surgery Center Cases
– 4 Steps to Improve Collections Through Contractual Write-Offs
– 6 Steps to Improve Collection of Time of Service Patient Co-Pays
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.