Sunday, 21 July 2019 03:15 GMT
img

2019 Will Demand Effective Revenue Cycle Management For Ambulatory Surgery Centres




(MENAFN - ForPressRelease) According to Provista Report of ASC Survey Findings, reimbursement is the biggest challenge faced by ASCs across the country along with management of days in A/R.
2019 will demand effective revenue cycle management for ambulatory surgery centres. This is because even after changes made by CMS to support ASCs, there are some centres 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.
Following are few of the important changes introduced by CMS in its 2019 proposed payment rule for ASCs:
The reimbursement rate is increased by 2.1% on an 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-opiod 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 catherization procedures are proposed to be added to the current ASC covered list.
ASC Quality Reporting Program witnessed some big changes. ASC-8 will be removed from 2020, and beginning 2021, ASC-10 will also be removed.

Billing Guidelines for ASC in 2019
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 centre are reduced. For this, the centre will have to effectively handle procedure scheduling, insurance verification, patient financial counselling, patient collections, patient payment plans, and patient pre-registration and so on.
Error-free coding is the lifeline of every surgical centre. In 2018, AMA added 170 new codes, deleted 82 codes and revised 60 codes. So in order to sail through 2019, 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 in 2020 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 @ http://bit.ly/2WhdPwe

About 247 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.

Contact:
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
Contact Information

  • Name: 247 Medical Billing Services

    Company: 247 Medical Billing Services

    Telphone: 20537-- , -

    Address: 16192 Coastal Hwy
    Lewes,DE

    Email: info@247medicalbillingservices.com

    MENAFN1903201900703206ID1098277083


    2019 Will Demand Effective Revenue Cycle Management For Ambulatory Surgery Centres

      Most popular stories  

    Day | Week | Month