Because ASC leaders often focus on patient care and management, small details of an ASC's finances can be overlooked, according to MedHQ.
MedHQ shared three accounting strategies ASCs can follow to improve business performance:
1. Due diligence. Financial experts can help ASCs identify errors and larger issues affecting a center's finances.
2. Changing routine practices. Small accounting details can add up quickly for an ASC. Tightening processes and changing routines to avoid duplicate invoices and double payments can result in savings for an ASC.
3. Automation technology. Specialized, automated accounting tools can help ASCs save money and improve finances.