Doing Business

DOING BUSINESS

Attain Compliant Revenue Cycle Management

Obtaining the full reimbursement you deserve while remaining compliant with federal, state and managed care regulations is imperative to keeping your doors open and achieving year-over-year growth. Several areas in your revenue cycle that affect compensation also are potential areas for noncompliance.


Read More >

 


Performing Hand and Upper Extremity Procedures in an ASC

Through the years, the surgical arena has changed dramatically. Surgical procedures—particularly hand and upper extremity procedures—that had been performed in hospitals only have now come to call ASCs their home. These procedures have paved the way for more complicated cases to switch venues as well.


Read More >

 


Surgery Center Coding and Your Bottom Line

The quality of an ASC’s coding can make the difference between a struggling center and a successful center. Incorrect coding and billing practices might mean a facility is not being paid for all of the procedures it performs.


Read More >

 


Ban the Breaches

Health care organizations worldwide are up against an evolving problem: information technology (IT) security risk. With a wealth of digitized personal information, these organizations are enticing targets for malicious hackers. With so many endpoints in use, it is easy to see the scope of the danger.


Read More >

 


The Growth of Clinical Data Registries

Data has been gaining traction as one of the most integral aspects of the modern world. Businesses use it to make tough financial decisions, web sites analyze it to present relevant content and political parties utilize it to target specific demographics. Currently, one of the best ways to collect health care data is with a clinical data registry. Quality initiatives and government provisions have spurred their growth, proliferating the number of registries in the US. The information contained in them can benefit the health care field hugely, and the points below are what ASCs should know about registries.


Read More >

 


Grow Your ASC

It is no secret that growing an ASC can be a challenge. Every ASC administrator is faced with the same goals: optimizing capacity and continuously growing the center’s volume. The multispecialty center—four operating rooms and two procedure rooms—that I manage was no exception. In 2010, the center was barely performing 100 cases each month, and we were competing in a very tight market. Within a five-mile radius of our center, there were no fewer than 17 single-specialty surgery centers.


Read More >

 


Communication Mistakes Could Prove Costly

Poor communication between the revenue cycle team and key ASC stakeholders, such as physicians, can result in coding errors, delayed dictation and inaccurate documentation. This, in turn, negatively impacts revenue in an ASC. With improved communication, many of these mistakes can be remedied.


Read More >

 


Improving Outcomes

The potential for improved outcomes greatly increases as patients become more involved in their own care. As health care providers look for new ways to engage patients, patient engagement technology is becoming increasingly popular. While many people are excited about this technology, it is interesting to note that these systems are still in their infancy and have yet to be truly defined. In fact, even the term “patient engagement” can mean very different things to different people.


Read More >

 


Lowering the Cost of Spine and Orthopedic Implants

Implant costs make for one of the largest expenses—if not the largest expense— in an ASC with a spine and/or orthopedic focus. Because of their complexity and the quantities required, managing spine and orthopedic implants presents a unique challenge for ASCs. For those same reasons, they also offer ASCs a great opportunity for cost savings.


Read More >

 


Increasing Productivity in a Complex, High-Volume Environment

Many recent studies demonstrate that ASCs provide cost savings for Medicare, insurers and patients alike. A few of the most noteworthy include one released by the US Department of Health and Human Services (HHS) Office of the Inspector General (OIG) in April 2014, one by researchers at the University of California-Berkeley released in late 2013 and another by two health economists published in Health Affairs in May 2014.


Read More >

 


What’s My Center Worth?

ASC transactions continue to be a hot trend in the health care mergersand- acquisition arena for several strategic reasons. While an organization’s motivation for buying or selling interests in an ASC will vary, common catalysts remain the same: i) a hospital’s desire to purchase an ownership interest in a local ASC, ii) a large, for-profit organization’s desire to purchase a majority interest in an ASC as part of its strategic plan, iii) a large, for-profit organization’s desire to purchase a minority interest in an ASC as part of its strategic plan, and iv) a physician’s desire to sell a minority interest due to retirement or relocation.


Read More >