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California Medicare-focused insurance company's financial woes lead to provider contract terminations
Southern California-based Vitality Health Plan is in dire financial need, which has caused several area hospitals and surgery centers to terminate their contracts with the insurer, The Mercury News reports. -
5 ways ASCs can capitalize on anticipated revenue growth
Revenue in the ASC market is estimated to hit $43 billion in 2021, an increase of 54 percent from 2015, according to a report from Bain & Co. In contrast, the number of procedures performed in ASCs is estimated to hit 27 million in 2021, an increase of 35 percent from 2015. This highlights the movement of high-acuity, high-reimbursing specialties into outpatient settings as revenue growth is outpacing procedure growth. -
How AI can improve documentation practices to boost revenue: 5 insights
Artificial intelligence technologies can help ASCs alleviate revenue and resource challenges spurred by the COVID-19 pandemic by optimizing workflow and improving revenue capture. -
The 3 things facilities should do now to prepare for the 2021 CMS Physician Fee Schedule
The 2021 CMS Physician Fee Schedule increased work relative value units, but decreased the conversion factor for reimbursement, which could result in healthcare facilities overcompensating physicians if they don't make changes to their reimbursement structure now, according to a VMG Health report. -
5 Simple Steps that Help You Avoid Costly Billing Mistakes, Improve Your Bottom Line, and Reduce Patient Anxiety
When providing healthcare services, we are entrusted with the care of vulnerable patients. Patients are medically vulnerable, often with significant and potentially life-threatening conditions. -
6 must-know coding updates in 2020
Becker's ASC Review compiled a timeline of significant medical coding updates that have been proposed or implemented so far this year: -
Blue Cross North Carolina, Wake Forest collaborate on new insurance network
Blue Cross and Blue Shield of North Carolina and Winston-Salem, N.C.-based Wake Forest Baptist Health are collaborating to offer a new Blue High Performance Network, according to an Oct. 1 statement from the insurance provider. -
2 endoscopy centers, surgery center could lose Anthem coverage
Winchester, Va.-based Valley Health could lose its contract with Anthem of Virginia because of a stalled contract negotiation, Rappahannock News reports. -
6 ASC reimbursement updates in the past 100 days
Since July 1, Becker's ASC Review has reported six significant changes and proposed changes to reimbursement for ASCs: -
Michigan legislature passes surprise medical billing legislation
The Michigan Senate passed surprise medical billing legislation that would remove patients from surprise billing disputes and would pay out-of-network providers from a patient's insurer, Crain's Detroit Business reports. -
Increase revenue by improving these 3 front-end processes
In today’s competitive environment, creating the ultimate “patient experience” will truly differentiate your surgery center and is paramount to building a successful and growing ASC. To create this experience, a patient should be treated with care, respect and competence in each and every interaction with your staff, your processes, your technology and your surgeons. This article is going to focus specifically on the front end aspects of the patient experience. -
Trump's executive order on surprise billing: 3 things to know
President Donald Trump issued two executive orders related to healthcare, including one on surprise medical billing, according to a report from The Hill. -
ASC payer markets and trends: 5 leaders share key thoughts for 2021 and beyond
Five ASC owners and operators outline their payer mix and what they anticipate for future reimbursement trends. -
Medicare to save $73.4B with surgery in ASCs through 2028: 5 things to know
A new report from the Ambulatory Surgery Center Association shows performing surgery on Medicare patients in ASCs instead of hospital outpatient departments saved $4.2 billion in 2018, and the savings are expected to climb significantly in the next decade. -
5 Percent of Your Self-Pay Patients Likely Have Medicare Coverage
Ensuring correct patient demographic and insurance coverage information during emergency outpatient encounters is essential to the health of a hospital’s reimbursement and bottom-line finances. -
AtlantiCare surgery centers back in network with Humana
Humana and Atlantic City, N.J.-based AtlantiCare reached an agreement to provide in-network care for Medicare Advantage members. -
What's limiting physician income in 2020? 'Personal choice' ranks in top 3
The COVID-19 pandemic was the leading reason for physicians' income limitations in 2020, followed by "personal choice" and "patient volume/load," according to The Medicus Firm's "2020 Practice Preference & Relocation Survey." -
7 financial management tips to help ASCs capitalize on a rebounding ASC market
In mid-March, hospitals across the country halted elective surgeries due to the SARS-CoV-2 pandemic. While many ASCs did experience initial shock—volume across the nation dropped 80% between February and April—most ASCs have now rebounded to pre-pandemic activity. -
Texas physicians ask for more prospective payments amid pandemic
In August, the Texas Academy of Family Physicians released a five-point plan to improve primary care access and transition away from fee for service to a prospective payment system. -
Dignity Health surgery centers back in network with Cigna after 9-month feud
San Francisco-based Dignity Health and Cigna reached a multiyear agreement after a nine-month renegotiation process, the San Francisco Business Times reports.
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