Health systems and physician groups teaming up to develop joint-venture ASCs must have a steady revenue stream to succeed, according to Serbin Medical Billing.
Five mistakes that can hinder a joint venture's financial performance:
1. Relying on hospital software to manage ASC billing
2. Not establishing systems for scheduling and insurance verification
3. Putting hospital staff in charge of ASC billing office tasks
4. Using practice management software to perform ASC billing
5. Thinking an RCM partner eliminates the need for business office staff
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