Overall, ASCs expect to collect a median amount of $850,000 from customers annually, with the net accounts receivable being 8.5 percent of net operating revenue. The breakdown by region for net accounts receivable is:
- Atlantic: $742,000
- Northeast: $768,000
- Pacific: $896,000
- Mountain: $901,000
- South: $908,000
- Midwest: $930,000
The median days it takes for ASCs to collect on claims is 31.1 days. ASCs in the South reported the fewest days to process claims at 27.2 days, while ASCs in the Midwest reported claims spent the most time in accounts receivable, at 37.3 days.
ASCs aim to have the fewest days in accounts receivable to collect as quickly as possible.
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.
