Ambulatory Surgical Centers or ASCs as it is commonly called were first established in Phoenix, Arizona in 1970 by two physicians who wanted to provide comfortable care to the people in their community so that they could avoid more impersonal venues like hospitals. Slowly over the years with Medicare approving payments to ASCs they have […]
In the challenging landscape of healthcare finance, mitigating Denials in ASC Billing is paramount to maintaining a steady revenue stream. If the ASC is losing out on their revenue due to coding, collection, and billing blips some serious measures need to be taken to arrest them. As for any practice, efficient billing and collections are […]
Ambulatory Surgery Centers seem to be gaining headway to hospitals. The main reason for this is if the procedure can be carried out at an outpatient facility the health care cost of the patient is lesser. The procedures carried out in ASC’s usually are less complicated and do not require overnight stay hence, the cost […]
Discover what ICD-10 and ASC mean for your provider and how to transition from ICD-9-CM to ICD-10-CM. Navigating the complexities of ICD-10-PCS is essential for accurate billing. Well, the day has dawned and ICD-10 is here! And even though the thought of whether ICD-10 is going to affect me or not is still lingering, […]
Ambulatory Surgical Centers (ASCs’) are very busy places with a constant influx of patients; hence additional administrative tasks can be time-consuming. With ASCs’, there may be challenging times when deadlines are short and compliance regulations are stringent, so managing billing can be a costly affair in ways more than one. Therefore, outsourcing may seem to […]
Care delivered by Ambulatory Surgical Centers (ASC) is more cost-effective compared to Hospital Outpatient Departments (HOPD) as it saves $2.6 billion a year for Medicare. However, the reimbursement rates for ASCs have been shrinking over the last decade, posing survival challenges for providers. On average, they are reimbursed 58% less compared to a hospital for […]
The 1970s marked the beginning of Ambulatory Surgical Justifys (ASC) in the US when physicians saw the opportunity of establishing a cost-effective and high-quality choice inpatient hospital care for surgical services. The ASC industry has grown rapidly over the past five years. The employer mandate is set to begin in 2015 and will prove to […]
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