ASC Software have a better future now that their medical billing services have been outsourced, but many still face issues. Here are a few examples:
- Cancelling Appointments
Because of the cost, rescheduling elective operations is not always possible. Patients may get second thoughts and cancel their appointments. ASCs must determine what is causing cancellations and take the necessary steps to rectify the situation.
- Keeping Track Of Payer Contracts
ASCs must keep a close eye on payer conditions, healthcare security, bundled fees, advanced medical treatment, and the Local Coverage Determination (LCDs). The American Association of Orthopedic Executives (AAOE) has some recommendations:
- Keep track of any modifications to your contracts as well as their expiration dates.
- Consider a mix of direct and complementary commercial payer contracts.
- Explain why payers would benefit from joining your network — stress the Ambulatory Surgery Center Practice Management Software unique perks, clinical/treatment benefits, and out-of-network benefits
- Understand how payment terms work.
- Pay special attention to any issues about contract language.
- Keeping Track Of Coding Changes
Current Procedural Terminology (CPT) and ICD-10 codes must be tracked by ASCs. The American Medical Association (AMA) announced 170 new codes in January 2018, updated 60 codes, and removed 82 codes. Annual adjustments should be recognised and implemented by ASCs. They should include these new codes into their software system. Every October, the ICD-1 codes are also revised. Medical coding businesses can certainly help with keeping track of code changes. They can also guarantee that codes will be implemented to eliminate errors in submissions.
- Accounts Receivable (A/R) Total Accumulation Days
Days in Accounts Receivable (A/R) refers to the average time it takes for your ASC to receive refunds. Days in A/R should ideally be between 30 and 40 days, but no more. As a result, the lower the sum, the faster you'll get paid. The following are some of the most common jobs that effect A/R days:
- Organizing procedures,
- Patient pre-registration system,
- Insurance verification,
- Financial counselling for patients,
- Patient payment plans
- Patients' invoices
- Personal Protective Equipment (Ppe) Budget Set Aside (Ppe)
As the pandemic progresses, the cost of medical supplies continues to rise. As a result,
will continue to pay more in order to retain a stock on hand and get new safety gear.
- Facemasks (N95 masks)
- Alcohol
- Gloves
- Eye protection glasses
- Lab gowns are the most common medical items in short supply.
ASCs will need to alter their budgets to incorporate these goods without seeing a hike in reimbursement rates.
- Ascs Don't Seem To Be Growing.
Surgery centres are finding it increasingly difficult to reach daily output goals as a result of preventive measures such as social separation, PPE, or a lack of supplies. Furthermore, due to job loss, some patients lack insurance or the financial means to undertake elective surgery. Additional services, partnerships with employers, or accepting other payment methods may be required as ASCs expand.
Providing The Best For You
At EMR-EHRS, we recognise that our clients require and demand a greater degree of performance from their ASC Software. That's why we only offer the best and most customised medical billing system and EHR, complete with features that will help your clinic to reach its full potential and treble its revenue.