Here are eight articles with strategies for achieving financial health at an ASC:
1. Measuring accounts receivable can help ASCs collect money more efficiently, according to Serbin Medical Billing. Click here for nine things to know.
2. While the precise rate of industry-wide billing errors is unknown, claims management software company Mitchell International discovered some type of billing mistake in 35 percent of the workers' compensation bills it audited. Read the top six medical billing mistakes.
3. An ASC's fee schedule reflects the center's service quality and establishes the profit margin necessary for financial stability, according to Serbin Medical Billing. Click here to find out how.
4. Healthcare providers and collections firms are investing in digital payment solutions to overcome issues associated with current practices. Find out two ways outdated billing processes hurts provided revenue.
5. ASCs have an inherent value proposition when negotiating new contracts or renegotiating existing contracts, according to Healthcents CEO Steve Selbst. Read three strategies for increasing revenues on payer contracts.
6. EHR deployment can deliver a significant return on investment for ASCs if they develop a strategic implementation process, HSTpathways CFO Tom Scott wrote in an article on Health Data Management. Click here for three insights.
7. Billing mistakes can interfere with an ASC's immediate cash flow as well as long-term financial health, according to Regent RCM. Read about four common billing mistakes.
8. Providers can ensure their vital medical billing and coding processes run smoothly by addressing three key challenges, according to RevCycle Intelligence. Learn what challenges to overcome.
More articles on coding, billing and collections:
Blue Cross Blue Shield's new partnership aims to help independent physicians — 4 notes
3 essential payer contract wording considerations ASCs should know
Nobilis Health enters in-network contract at Plano Surgical Hospital — 3 details