What’s on the horizon for ASC reimbursement, cost reporting: 3 quick notes

ASCs will likely be required to report cost data in the near future because of increasing demand for price transparency in healthcare, according to Health Capital Consultants.

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Three quick notes:

1. While cost reporting could add to ASCs’ administrative burden, it could also help them improve care quality.

2. Site-neutral payments for ambulatory services are likely here to stay and will give ASCs a competitive advantage.

3. ASCs could see a significant increase in volumes, and therefore increased revenues, because of Medicare’s push for the outmigration of care.

More articles on coding, billing and collections:
FocalPoint Holdings enters into patient financing partnership
How a Boston-based ASC made patient payments more effective
Total costs for 4 eye procedures at ASCs vs. HOPDs

 

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