3 Tips to Boost Ambulatory Surgical Center Billing Efficiency

Ambulatory surgical centre billing operations must efficiently manage complicated pre & post-billing requirements. They provide quality medical care like hospitals but get only 55% of hospitals’ reimbursement rates.

These regulatory and reimbursement hurdles directly impact ASCs’ billing efficiency. And as a result, most ASCs lose out on a big portion of their revenues every year. Industry reports suggest that about 30% of reimbursement claims have errors.

However, with a streamlined approach it is possible to improve ambulatory surgical center billing efficiency. And so, in this blog, we will discuss 3 simple tips to boost billing efficiency at ASCs.

How to Improve Billing Efficiency at Ambulatory Surgical Centers

Billing efficiency is crucial for ASCs and other related healthcare organizations. Due to time-related constraints, it is important to ensure billing operations don’t lag behind.

The biggest challenges for ambulatory surgical centre billing operations include:

1) Billing inside Timely Filling Limit:

ASC billing operations need to be swift and accurate. A sudden increase in patient volumes can increase the billing burden on staff. And in such cases, providers tend to miss claim submission deadlines.

2) Ensuring 100% charge capture accuracy:

Missed charges add up to millions of dollars in lost revenue every year. Sometimes due to fear of audits, billing professionals end up under-coding medical services.

3) Minimizing billing and coding errors:

Billing operations at ASCs are different from standard billing practices. These providers have to use a mix of physician and clinical billing codes.

There are various other challenges that impact the finances of ambulatory surgical centers. But by managing these three issues over half of all issues can be avoided.

Here are some proven tips to improve billing efficiency at ambulatory surgical centers:

1) Sound understanding of CMS requirements:

The CMS decides which medical services performed at ASCs will get reimbursed. And so, providers must be aware of the covered procedures list. This will help minimize revenue loss due to non-coverage.

2) Knowledge of health coding guidelines for ASCs:

ASCs have different billing & coding requirements. By ensuring good knowledge of these requirements providers can maximize reimbursements. Additionally, they should also have a streamlined documentation process to accurately capture every charge.

3) Seek support from ambulatory surgical center billing companies:

It is difficult for most operators to efficiently manage clinical & non-clinical functions. This is the case for all providers, not just ASCs. And so, with an expert ambulatory surgical center billing company, providers can offload their non-clinical admin burdens and improve operational efficiency

Get the Best Ambulatory Surgical Center Billing Service for Your Practice

Ambulatory surgical center billing services have proven to be beneficial for a lot of providers. They offer expert billing support to providers. This allows providers to free up more time for clinical functions and themselves.

The biggest contributors to the success of these ASC billing companies and vendors are their expertise and cost-effectiveness. And as a result, providers are able to avoid revenue cycle challenges like staff shortages, and rising operational expenses.

To learn more about how our ambulatory surgical center billing services have enabled ASCs in Texas and California to reduce billing lags and optimize payroll expenses by up to 80%, please contact Sunknowledge Services Inc., a HIPAA-compliant healthcare revenue cycle management organization serving US healthcare providers & payers since 2007.