Uploaded on Aug 23, 2021
24/7 Medical Billing Services comprehensive billing and coding solutions help ASCs reduce the impact of an aging population on the demand for surgical procedures.
A Case Study on Ambulatory Surgical Center - What stopped the ASC's revenue growth
A Case Study on Ambulatory Surgical Center - What
stopped the ASC's revenue growth
https://www.247medicalbillingservices.com | +1 888-502-0537
A Case Study on Ambulatory Surgical Center - What
stopped the ASC's revenue growth
One of our Ambulatory Surgery Center clients has been open for
approximately 10 years. The accounts receivables (A/R) had increased
notably over the 2 years of the period — from almost $1.2 million to
nearly $2.4 million, an increase of more than 100%. A/R days had
increased from 35 to 85 days.
There were more than 2,400 accounts outstanding. This is almost
double of accounts any center could expect with the case volume. Some
of the increase in outstanding accounts was due to issues with payers
that switched to the modern EAPG i.e. Enhanced Ambulatory Patient
Grouping (EAPG) System.
When the first time this client approached us, we started by identifying
the challenges faced by this center.
https://www.247medicalbillingservices.com | +1 888-502-0537
A Case Study on Ambulatory Surgical Center - What
stopped the ASC's revenue growth
Understanding ASC Billing Challenges
An insight into the ASC billing challenges helped us maintain a smooth
workflow, which ultimately helps in avoiding the occurrence of issues
pertaining to receiving complete reimbursement.
24/7 Medical Billing Services Involvement
The study of the business office functions gave us insights on:
Lower than the normal fee schedule
Few managed care contracts
Currently managed care contracts with poor terms
Inexperienced revenue cycle team
Insufficient insurance verification
Inaccurate coding
Insufficient financial policies
https://www.247medicalbillingservices.com | +1 888-502-0537
A Case Study on Ambulatory Surgical Center -
What stopped the ASC's revenue growth
Conclusion:
ASCs prefer our end-to-end medical billing services and RCM
solutions to make sure they enjoy a steady flow of income, simplify
revenue cycle, and enhanced workflow. Our billing experts bring our
clients maximum revenue for rendered services, letting them invest
in the latest equipment, tools, and systems for procedures.
24/7 Medical Billing Services comprehensive billing and coding
solutions help ASCs reduce the impact of an aging population on the
demand for surgical procedures.
https://www.247medicalbillingservices.com | +1 888-502-0537
A Case Study on Ambulatory Surgical Center - What
stopped the ASC's revenue growth
About 24/7 Medical Billing Services:
24/7 Medical Billing Services is the nation’s leading medical billing
service provider catering services to more than 43 specialties across
the entire 50 states. You can rely on us for end-to-end revenue cycle
management. We guarantee up to 10-20% increase in the revenue
with cost reduction of your practice for up to 50%.
Media Contact:
Hari Sudan,
24/7 Medical Billing Services,
16192 Coastal Hwy, Lewes, DE – 19958
Tel: + 1 -888-502-0537
Email - [email protected]
https://www.247medicalbillingservices.com | +1 888-502-0537
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