ASD Management's Joseph Zasa, a managing partner, and Joan Culbertson, RN, have compiled a list of 12 processes whose functionality is essential to running an effective ASC. The processes include:
1. Scheduling — The process can help centers if done right and hurt centers if mishandled.
2. Insurance verification — This ensures procedures can be reimbursed and patient collections can go smoothly.
3. Coding — Proper coding is an essential step in collecting reimbursements.
4. Billing — Good billing is timely, done accurately and is on an electronic claims submission system.
5. Collections — Measured by accounts receivable days, collections provide the cash flow to fuel the business.
6. Accounts payable — Paying bills twice a month is desirable.
7. Cash Management
8. Inventory management and purchasing — Establishing how many of certain supplies must be on hand is key to better inventory management.
9. Staffing — Staffing appropriately is important, since it is one of the largest variable costs for ASCs.
10. Compliance — The plan should be continually evaluated.
11. Risk management — A patient safety program and employee education are important parts of ASC operation.
12. Medical records — Having a secure, yet easily accessible, system of records is necessary.
For an in-depth analysis of each tip, click here.
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1. Scheduling — The process can help centers if done right and hurt centers if mishandled.
2. Insurance verification — This ensures procedures can be reimbursed and patient collections can go smoothly.
3. Coding — Proper coding is an essential step in collecting reimbursements.
4. Billing — Good billing is timely, done accurately and is on an electronic claims submission system.
5. Collections — Measured by accounts receivable days, collections provide the cash flow to fuel the business.
6. Accounts payable — Paying bills twice a month is desirable.
7. Cash Management
8. Inventory management and purchasing — Establishing how many of certain supplies must be on hand is key to better inventory management.
9. Staffing — Staffing appropriately is important, since it is one of the largest variable costs for ASCs.
10. Compliance — The plan should be continually evaluated.
11. Risk management — A patient safety program and employee education are important parts of ASC operation.
12. Medical records — Having a secure, yet easily accessible, system of records is necessary.
For an in-depth analysis of each tip, click here.