Error-free Medical Coding is the lifeline of every Ambulance Surgical Centre – 24/7 Medical Billing Services
SummaryTo avoid Medicare payment reductions under the ASC Quality Reporting Program, providers will have to invest time and effort into making sure that the measures are being reported correctly
Effective revenue cycle management for ambulatory surgery centers is because even after changes made by CMS to support ASCs, there are some centers 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. According to the Provista Report of ASC Survey Findings, reimbursement is the biggest challenge faced by ASCs across the country along with the management of days in A/R.
Following are a few of the important changes introduced by CMS in its proposed payment rule for ASCs:
- The reimbursement rate is increased by 2.1% on average on all covered procedures for ASCs. However, not every procedure will experience this change, as it is code-specific.
- The bottom line has been lowered from 40% to 30% for device-intensive procedures.
- Non-opioid pain management drugs will receive separate payments.
- The definition of 'surgery' is being revised and is proposed to include other surgery-like procedures. Also, 12 cardiac catheterization procedures are proposed to be added to the current ASC covered list.
- ASC Quality Reporting Program witnessed some big changes. ASC-8 was removed and beginning 2021, ASC-10 will also be removed.
Billing Guidelines for ASC:
- 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 center are reduced. For this, the center will have to effectively handle procedure scheduling, insurance verification, patient financial counseling, patient collections, patient payment plans, and patient pre-registration, and so on.
- Error-free coding is the lifeline of every surgical center. AMA added 170 new codes, deleted 82 codes, and revised 60 codes. So in order to sail through, ASCs will need expert coders who are aware of the current CPT and ICD-10 codes and revisions.
- 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 under the ASC Quality Reporting Program, providers will have to invest time and effort into making sure that the measures are being reported correctly.
To Know More About Us @ https://bit.ly/32ClOIG
About 24/7 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.
24/7 Medical Billing Services
Tel: +1 888-502-0537