Your Ambulatory Surgical Center (ASC) will succeed with both patient satisfaction and a reliable & proper medical billing process. When your ASC is facing losses money because of mismanagement of the revenue cycle, your practice may face an unnecessary risk for more losses in revenue than what is earned, which may further cause extremely stressful conditions.
Errors in medical billing are one of the concerns that may harm a private Ambulatory Surgery Center. Medical coding is changing all the time and without notice. Regulatory changes are constantly being updated and can change the way you handle the ASC medical billing process. Not being in line with these changes may cost you more.
As per a Black Book survey, around 80% of hospital leaders are now thinking of outsourcing their revenue cycle management services. Some ASCs will still choose to manage their financial service in house, but there are so many advantages to outsourcing your medical billing and coding.
Ambulatory surgical centers deal with some of the specialties & are not limited to these specialties only
- Pain management
- Bariatric surgery
- Obstetrics and Gynaecology
24/7 Medical Billing Services offers software as a service to our clients interested in using our medical billing services and coding systems. Our medical billing team helps ASC in the software, handles commence billing the claims.
Outsourcing Ambulatory Surgical Center ASC Billing Services for Accurate Results
Outsourcing medical billing for your Ambulatory Surgery Center gives you support from an experienced medical billing company with other value added services for your practice. ASC medical billing outsourcing will help you clear invoices in time, make sure all reimbursements are handled on time, and follow all the important coordination and follow-up when there is a delay.
Outsourcing your Ambulatory Surgical Centers billing and coding to 24/7 Medical Billing Services gives you benefits like complying with ICD-9, CPT, and HCPCS coding systems. We work with your ASC to measure problem areas like incorrect use of modifiers, identify underpayments and manage all the elements of your ASC’s billing and coding to maximize your revenue.
How does outsourcing medical billing and coding work for your Ambulatory Surgical Center?
With an outsourced medical billing company, you get diverse types of ASC billing & coding services like:
- Complicated ambulatory surgical center billing codes and rules
- Surgery center terminology
- Clinical notes and operative notes
- Coding for surgical procedures
- Related & relevant multiple procedure rules
- Ambulatory surgical center receivables management
- ASC coding experience
- Accurate billing and collection services
- Aggressive insurance payor collections
- Detailed and customizable reporting
- Medicare registration
- Managed-care contracts
With this expertise, you can also ask for:
- Fee Schedule review and analysis
- Medical eligibility verification
- Charge posting
- Claim submission
- Payment posting
- Account receivables management
- Incoming patient calls
- Payer collection
- Patient statement preparation and mailing
- Denial review and management
- Management reports
Outsourcing Your Medical Billing and Coding to 24/7 Medical Billing Services for your Ambulatory Surgical Centers
Increase in revenue
Insurance companies usually work to offer the lowest reimbursement amounts for Out Of Network (OON) services in numerous ways, sometimes unknowingly to the provider. This can happen due to the patient’s policy has limited benefits, dramatically lower rate agreements, or a particular bill reduction problem due to a previous clause.
A medical billing service company can work with you directly on a strategy to enhance your facility’s revenue from OON. So many things can be done to start the process, for instance, finding which insurance companies are potentially underpaying for services and sending out appeals to recoup OON reimbursements. Almost every ASC facility will have its set methods for creating the best practices to expand OON revenue over time.
Get 100% reimbursement of the billed charges
Getting ease at the process will enhance the reimbursement revenue on the billed charges by your facility. When an ASC can enhance the overall billing efficiency and productivity, not only will this help with patient care cost transparency & medical billing, but it directly creates an impact on billing reimbursements from the providers.
Medical billing companies like 24/7 Medical Billing Services where we use AI technology to automate the billing process, have found this to help in the reduction of particular coding errors that may cause delays in charges billed by surgery centers.
Technology is useful in reducing administrative stress, improving data security, and streamlining the workflow. The costs of such healthcare technology prevent many ASCs from using it. With outsourcing, you can eliminate this burden.
Realized uncollected revenue
Timely billing collection follow-up should be backed up with a strategy for your ASC’s billing section to remain on top of realized uncollected revenue. Outsourcing eliminates these time gaps for making necessary changes and responding to appeals of medical claims that are necessary to recoup reimbursements.
Poor claims management can negatively impact uncollected revenue. A good financial flow strategy using AI technology can surely cultivate the accounts receivable process and help a struggling ASC.
Complete government compliance
A professional medical billing company will help you with how to avoid billing for in-network patients under OON billing. Mistakes are expected for various reasons, from miscommunication to administrative errors.
Medical billing companies understand that such constant changes can happen without notice.
Well, this is a fair plan of outsourcing your medical billing and coding to an expert company.
Are you planning to outsource your Ambulatory Surgery Center’s medical billing and coding? Share your thoughts and issues you are facing with outsourcing in the comments below.