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Showing posts with the label "ASC Collections"

ASC Billing v/s Hospital Billing

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Despite the fact that the basic observation might be that using the services of an Ambulatory Surgical Center (ASC) will spare cash, as contrasted to using the services of hospitals for outpatient surgery. However, this may not generally be the situation. Actually, the outcomes can differ significantly from state to state. A restorative office handles the regulatory errands for a therapeutic practice, clinic, or another medicinal facility including welcoming patients, planning appointments, registration, and enlistment; also collecting cash and various different assignments including medical billing. While the vast majority of alternate undertakings performed by the medicinal office are the same overall healing centers, ambulatory hospital billing services are most certainly not. If you ask most medical billers, they will mention that there are noteworthy contrasts in the handling of medical cases over various claims, specialties, and facility services. There is a flat-out contrast in

Key Opportunities in out-of-network strategy for ASC

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The beginning of the   Patient Protection and Affordable Care Act  resulted in millions of Americans becoming insured on plans with out-of-network benefits. Also, this act has narrowed insurance networks which left many providers completely out-of-network. Therefore, the out-of-network strategy for   ASC   is only revenue enhancing strategy for some ASCs. There are some key opportunities available with out-of-network offerings and you will get the details of opportunities in the following briefs: The rise in overall reimbursement The changing and sometimes volatile world of insurance can be stressful for practitioners who desire a more predictable income stream. Fortunately, there are some ways that exist to improve your reimbursements and it starts with developing a good out-of-network strategy combined with the right expertise. You can avail the best pay-off by creating a hybrid strategy that includes an out-of-network and in-network strategy. Moreover, you can enhance revenues by ma

Improving Ambulatory Surgical Center (ASC) Collections

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With patients having more financial responsibility for their healthcare, outpatient settings like ambulatory surgery centers are becoming more attractive to patients. A research report from Bain & Co. estimates that the number of procedures taking place in outpatient surgery centers will rise from 23 million in 2018 to 27 million in 2021. As per the same report, out of all outpatient surgeries done in the year 2017, half were performed by ASCs. Now as things are settling down after the corona pandemic, these numbers are again looking realistic. Before getting prepared for this growth potential, you have to streamline your current ASC billing process. In this blog, we discussed Ambulatory Surgical Center (ASC) billing challenges and ways to counter them. We are confident that these tips will help in improving your Ambulatory Surgical Center (ASC) collections.  Tips for Ambulatory Surgical Center to Improve the Patient Collections Process Always Take Prior-Authorization Prior to the

What are Current Trends in Ambulatory Practices?

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The number of visits to ambulatory practices fell by nearly 60 percent in the early stages of the pandemic which leads to financial pressure on sustainability for practice owners and administrators. Moreover, frantic patients are the main contributor to the sudden rise of daily call volumes as fear of the virus added a new layer of stress and anxiety. In such situations, providers opted for various critical decisions as reduced staff struggled to meet the demands of patients under new safety guidelines. As a result of this turbulent time, many aspects of ambulatory practices have undergone a transformation. Current Trends in Ambulatory Practices: Position Yourself for Success and Sustainability In the current dynamic healthcare environment, the efficiency and effectiveness of both your practice and business processes will drive your success. Today RCM has become more complicated and critical due to changes to payment codes, managing the intricacies of payer billing, and documentation r

Improving Ambulatory Surgical Center (ASC) Collections

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With patients having more financial responsibility for their healthcare, outpatient settings like ambulatory surgery centers are becoming more attractive to patients. A research report from Bain & Co. estimates that the number of procedures taking place in outpatient surgery centers will rise from 23 million in 2018 to 27 million in 2021. As per the same report, out of all outpatient surgeries done in the year 2017, half were performed by ASCs. Now as things are settling down after the corona pandemic, these numbers are again looking realistic. Before getting prepared for this growth potential, you have to streamline your current ASC billing process. In this blog, we discussed Ambulatory Surgical Center (ASC) billing challenges and ways to counter them. We are confident that these tips will help in improving your Ambulatory Surgical Center (ASC) collections.  Tips for Ambulatory Surgical Center to Improve the Patient Collections Process Always Take Prior-Authorization Prior to the