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2019 Will Demand Effective Revenue Cycle Management For Ambulatory Surgery Centres

Ambulatory surgical centres in the USA have not shown any significant growth in the past few years. Many of them either closed down or merged with bigger medical groups due to revenue issues.

jennyvergeese
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2019 Will Demand Effective Revenue Cycle Management For Ambulatory Surgery Centres

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  1. According to Provista Report of ASC Survey Findings, reimbursement is the biggest challenge faced by ASCs across the country along with management of days in A/R.  2019 will demand effective revenue cycle management for ambulatory surgery centres. This is because even after changes made by CMS to support ASCs, there are some centres that continue to face difficulties in managing their revenue cycles. Ambulatory surgical centres in the USA have not shown any significant growth in the past few years. Many of them either closed down or merged with bigger medical groups due to revenue issues. 2019 Will Demand Effective Revenue Cycle Management For Ambulatory Surgery Centres http://www.247medicalbillingservices.com

  2. Following are few of the important changes introduced by CMS in its 2019 proposed payment rule for ASCs: The reimbursement rate is increased by 2.1% on an average on all covered procedures for ASCs. The bottom line has been lowered from 40% to 30% for device intensive procedures. Non-opiodpain management drugs will receive separate payments. The definition of 'surgery' is being revised and is proposed to include other surgery like procedures. ASC Quality Reporting Program witnessed some big changes. ASC-8 will be removed from 2020, and beginning 2021, ASC-10 will also be removed. 2019 Will Demand Effective Revenue Cycle Management For Ambulatory Surgery Centres http://www.247medicalbillingservices.com

  3. Billing Guidelines for ASC in 2019: Understanding the currently effective billing and payment guidelines is the most important step that the ASC billing team will have to achieve in order to diminish RCM concerns. Billers will have to ensure that the days in A/R for the surgical centre are reduced. For this, the centre will have to effectively handle procedure scheduling, insurance verification, patient financial counselling, patient collections, patient payment plans, and patient pre-registration and so on. Error-free coding is the lifeline of every surgical centre. In 2018, AMA added 170 new codes, deleted 82 codes and revised 60 codes. ASCs will also have to manage and keep up with the payer contracts because they are also subject to frequent changes.  To avoid Medicare payment reductions in 2020 under the ASC quality reporting Program, providers will have to invest time and effort into making sure that the measures are being reported correctly.  2019 Will Demand Effective Revenue Cycle Management For Ambulatory Surgery Centres http://www.247medicalbillingservices.com

  4. About 247 Medical Billing Services:We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses. Contact: 247 Medical Billing ServicesTel: +1 888-502-0537Email: info@247medicalbillingservices.com 2019 Will Demand Effective Revenue Cycle Management For Ambulatory Surgery Centres http://www.247medicalbillingservices.com

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