Ambulatory Surgical Centers (ASCs) play a vital role in providing same day surgical care; however, the changing landscape of the US healthcare industry has cropped up various challenges for this industry. These centers are not only struggling with fluctuating reimbursement rates but physicians’ shift towards hospital employment and pressure to provide cost-effective care has also increased their woes. The number of ASC facilities in the US has remained static for the last few years as many such centers are closing down or merging with hospitals due to revenue issues.
ASC Key Statistics
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According to RemitDATA, denials are causing financial pressure on ASCs with New York being the top state with highest denial rates (37%) for such surgery centers. Georgia comes second (27%) and Kentucky is on the third spot (22%)
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According to HealthCare Appraisers 2013 ASC Valuation Survey, during 2012-2013, around 54% ASC management companies witnessed an increase in acquisition activities
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According to a Provista Report of ASC Survey Findings, reimbursement is the biggest challenge faced by ambulatory surgical centers
Our medical billing services in Florida can help you to increase your revenue with the reduction in the number of denied and unpaid claims. Our billers present in all the major cities like Jacksonville, Miami, Tampa, St. Petersberg and Orlando can provide you with less paperwork and more accurate medical claims to improve the efficiency of your practice. Here are some of the services which our billers have shown their proficiency in:
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Claims are processed on the same day
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Analysis of accounts receivables
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Weekly as well as monthly reports on productivity
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Analysis of codes and procedures on a regular basis
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Review of fee schedules for updates
Comprehensive Medical Billing Services in Florida
As a Leading Medical Billing and Coding Service provider, we offer specialized medical billing services in Florida to optimize your revenue and reduce denied claims. We have a strong presence in major cities like Jacksonville, Miami, Tampa, St. Petersburg, and Orlando. Our billers and coders are experts in streamlining workflows and ensuring accurate claims submission.
They have over two decades of expertise in:
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Same-day claims processing to expedite payments.
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Detailed accounts receivables analysis to minimize A/R days
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Weekly and monthly productivity reports
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Regular code audits to maximize reimbursements
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Updating fee schedules for compliance and accuracy
Florida Medical Billing Experts Maximizing Your Practice Revenue
Our Florida-based professionals understand the state’s unique healthcare dynamics, including its extensive Medicaid Institutional Care Program (ICP) and high elderly population. By navigating state reimbursement statutes effectively, our coding specialists ensure compliance and better cash flow for your practice.
MBC’s medical billing experts in Florida offer tailored solutions:
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HIPAA-compliant processes to safeguard patient data
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Credentialing services to streamline payer enrolment
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Handling complex specialties like Cardiology, OB-GYN, Pediatrics, and more
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Expertise in EMRs and top billing software, including Medisoft, eClinicalWorks, and GE Centricity
Against Florida’s ongoing physician shortage, we help reduce administrative burdens while ensuring steady growth and profitability. By utilizing EMRs and advanced practice management systems, a Revenue Cycle Management Company optimizes operations and boosts collections significantly.
Our medical billers in Florida have been tracking the rate of reimbursements, which has been dipping in the state over the past decade. They have also analyzed the solution to this dip; the answer lies in the state of Florida’s reimbursement statutes themselves. These local Florida billers are the key to unlocking blocked cash flows and can provide you with updated methods to improve the efficiency of your practice.
Value Our Florida Billers Bring:
Our medical billing and coding services in Florida are not limited to major cities such as Jacksonville, Miami, Tampa, St. Petersburg, and Orlando. They also extend to almost all other towns and smaller cities in Florida. These medical coders and billers surpass HIPAA compliance and are trained in preferred languages such as Spanish. They have been recommended in their past engagements for their medical billing administrative skills, excellent Data Entry management, and good written and oral communication skills.
Our medical billers and coders in Florida perform specialized tasks such as reviewing encounter forms for accuracy in ICD-10 and CPT coding, maintain records of existing billing and coverage rules, posting charges and payments to accounts, make follow up calls to insurance companies to resolve any inconsistency in payments and to patients whose accounts were past due to set up a payment plan, report to physicians regularly, offer customer support by comprehending and elucidating insurance EOBs, co-pays, co-insurance and deductibles to patients and enter and revise patient demographics.
Our Specialties:
Our medical billing specialists in Florida can help increase your income and guarantee suitable reimbursement. They provide medical billing and coding services in specialties including Otolaryngology, Primary Care, Optometry, Family Practice, Hospitalist Billing, Cardiology, OB-Gyn, Physical Therapy, Paediatrics, Internal Medicine, and Dental.
Our Software Experience:
Physician shortage will always be a problem in Florida, affecting doctors and more prominent hospitals, hospices, nursing homes, nurses, and resident doctors. The shortage would mean long working hours and more accurate medical coding and billing practices. However, implementing EMRs is proving to be of immense help since most of the paperwork is diminished, and doctors have real-time information about patients and other related data. Our coders and billers are experts in software such as Medisoft, Misys Tiger, eClinicalWorks, Advance MD, GE Centricity, and Altapoint.
Difficulties & Challenges Florida Physicians Face:
One of the unique challenges that physicians and healthcare providers in Florida deal with is the Florida Medicaid Institutional Care Program (ICP). This is because Florida has a large elderly population (65 years and older), which is projected to grow to nearly 26% of the state’s total population, the highest among all states in the US.
These elderly patients are either disabled or fighting chronic illnesses, making them frequent visitors to physicians’ offices and various hospitals. This fact, coupled with the recent healthcare reform, would ensure that health care providers are required to ensure accuracy and compliance with legal guidelines to avoid a drop in revenue or negative legal repercussions. Our medical billing specialists ensure that problems such as inadequate reimbursement due to claim denial and other related factors do not take their toll on your practice.
Our Medical Billers and Coders can improve your practice's efficiency by employing the best methods of optimally using your EMR. Their exposure to various Practice Management Systems also provides greater collections for your practice.
It has become important for ACSs to meet the competition from hospitals that are equipped with the latest tools and systems for quality care provision. They are under pressure to meet patient and physician demands, while struggling with financial and administrative challenges on a day-to-day basis.
Our expert team of coders and billers have been assisting ASCs across all 50 states in the US survive challenges brought in by healthcare reforms. With our 15+ years of experience in the medical billing domain, we have helped such centers combat top five challenges:
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Getting maximum payment from insurance companies
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EMR Implementation
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Compliance with Healthcare Reforms
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Accounts Receivable Recovery
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Denial Management
Our billing professionals not only specialize in ASC coding and billing but also incorporate the knowledge throughout the process for offering end-to-end solutions. They are adept at handling the following services for ambulatory surgical centers:
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Tracking deductibles, co-payments and fee schedules
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Error-free coding and code audit checks
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Generation of patient statements
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Reducing denials through effective denial management solutions
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Offering custom reports to helps ASCs identify reasons
With our proven ASC medical billing services, many surgical centers across the country have overcome denials and underpayments. From error-free claims submission and rigorous follow-ups to denial management, appeals and compliance to HIPAA and other reforms, our billing professionals offer comprehensive solutions. Our coders are updated with the latest changes in ASC coding and make use of the latest software to deliver quality solutions.
Why is MBC the Best Choice for ASC Billing?
We take pride in our team of billing experts who are well-versed in revenue challenges concerning ASCs. Our expertise in ASC billing helps us deliver top quality services in the industry. We have ASC -specialized coders with certification from the AAPC (American Association of Professional Coders) who ensure error-free application of codes for maximum revenue. Our company has well-trained AR callers who work vigorously to procure maximum payments from insurance companies. Our 24/7 best-in-class customer services helps us ensure high standards of client satisfaction.
Helping ASCs Save More and Spend Less
ASCs avail our end-to-end billing and RCM solutions to ensure a steady flow of income, streamline revenue cycle and enhanced workflow. Our team of billing experts brings them maximum revenue for rendered services, enabling them to invest in latest equipment, tools and systems for procedures such as endoscopy. MBC’s comprehensive billing and coding solutions help such centers reduce the impact of ageing population on the demand for surgical procedures.
We understand the importance of ASCs in mitigating the impact of aging population on shortage of surgery workforce. By maximizing revenue and minimizing claim Denials, we help ASCs retain their autonomy and keep working they way they must.
