Here are the key details to know:
1. Case costing. When ASCs determine the total cost of cases performed, they can subtract that number from the revenue to determine the profit or loss. Grouping cases can show the performance of certain segments within the ASC.
2. Financial analysis. Data analytics can provide a complete, consistent picture of the ASC’s finances. Once the financial analysis is complete, it can be tied to case cost data.
3. Clinical analysis. Case time data can show how efficient the operating room is, which can boost clinical efficiency and improve patient safety.
Read more here.
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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.