FEATURE: Develop a Win–Win Cash-Pay Program

Develop a Win–Win Cash-Pay Program

Know your procedure costs, set fees that ensure a reasonable margin and keep your costs low

Develop a Win–Win Cash-Pay Program

A cash-pay program’s success hinges upon knowing your procedure costs.

Develop a Win–Win Cash-Pay Program

Know your procedure costs, set fees that ensure a reasonable margin and keep your costs low

Looking to grow your case volume while accommodating the needs and wishes of patients from within— and even potentially outside—your community? Consider offering a cashpay program, say ASC managers who are already offering this option.

“There is an increasing number of people looking to pay cash for their surgical procedures,” says Kelli McMahan, RN, CASC, vice president of operations for Pinnacle III, a Lakewood, Colorado-based ASC development, operational management and revenue cycle management company. “If your facility does not offer a cashpay option, surgical patients may opt to obtain care from a facility that does.”

 


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