Putting payment systems in place helps ASC collections and prevents revenue leaks, according to Fort Myers, Fla.-based Serbin Medical Billing.
Serbin Medical Billing shared the following ASC revenue cycle tips on their website:
1. Post monies to patient accounts the day they're received and generate reports with posting batches and daily deposits match.
2. Collect official bank deposit slips with the date deposited, and itemize monies received on a bank deposit form, including the form of payment.
3. An ASC's management can also make bank deposits to prevent revenue leaks.
4. Lockbox deposits can eliminate direct money handling, making payment posting more secure.