Billing mistakes can affect a surgery center's bottom line, according to Regent Revenue Cycle Management:
Here are four billing mistakes ASCs should avoid, according to a post on Regent's blog:
1. ASCs not reconciling billing is a major mistake which ASCs can avoid by tracking performed cases and billing them out in a certain timeframe.
2. Not appealing claims is another mistake ASCs make, according to Regent. ASCs can fix this mistake by addressing flawed payments right away.
3. Monitoring key billing performance metrics is something ASCs often fail to do. Using measuring and reporting software can help ASCs track revenue cycle benchmarks.
4. Mistakes in payment posting can cause financial losses for an ASC which can be avoided by cross-checking that billing, payment and collection information lines up.