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A Case Study on Ambulatory Surgical Center - What stopped the ASC's revenue growth

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A Case Study on Ambulatory Surgical Center - What stopped the ASC's revenue growth

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  1. A Case Study on Ambulatory Surgical Center - What stopped the ASC's revenue growth https://www.247medicalbillingservices.com | +1 888-502-0537

  2. A Case Study on Ambulatory Surgical Center - What stopped the ASC's revenue growth One of our Ambulatory Surgery Center clients has been open for approximately 10 years. The accounts receivables (A/R) had increased notably over the 2 years of the period — from almost $1.2 million to nearly $2.4 million, an increase of more than 100%. A/R days had increased from 35 to 85 days. There were more than 2,400 accounts outstanding. This is almost double of accounts any center could expect with the case volume. Some of the increase in outstanding accounts was due to issues with payers that switched to the modern EAPG i.e. Enhanced Ambulatory Patient Grouping (EAPG) System. When the first time this client approached us, we started by identifying the challenges faced by this center. https://www.247medicalbillingservices.com | +1 888-502-0537

  3. A Case Study on Ambulatory Surgical Center - What stopped the ASC's revenue growth Understanding ASC Billing Challenges An insight into the ASC billing challenges helped us maintain a smooth workflow, which ultimately helps in avoiding the occurrence of issues pertaining to receiving complete reimbursement. 24/7 Medical Billing Services Involvement  The study of the business office functions gave us insights on:  Lower than the normal fee schedule  Few managed care contracts  Currently managed care contracts with poor terms  Inexperienced revenue cycle team  Insufficient insurance verification  Inaccurate coding  Insufficient financial policies https://www.247medicalbillingservices.com | +1 888-502-0537

  4. A Case Study on Ambulatory Surgical Center - What stopped the ASC's revenue growth Conclusion: ASCs prefer our end-to-end medical billing services and RCM solutions to make sure they enjoy a steady flow of income, simplify revenue cycle, and enhanced workflow. Our billing experts bring our clients maximum revenue for rendered services, letting them invest in the latest equipment, tools, and systems for procedures. 24/7 Medical Billing Services comprehensive billing and coding solutions help ASCs reduce the impact of an aging population on the demand for surgical procedures. https://www.247medicalbillingservices.com | +1 888-502-0537

  5. A Case Study on Ambulatory Surgical Center - What stopped the ASC's revenue growth About 24/7 Medical Billing Services: 24/7 Medical Billing Services is the nation’s leading medical billing service provider catering services to more than 43 specialties across the entire 50 states. You can rely on us for end-to-end revenue cycle management. We guarantee up to 10-20% increase in the revenue with cost reduction of your practice for up to 50%. Media Contact: Hari Sudan, 24/7 Medical Billing Services, 16192 Coastal Hwy, Lewes, DE – 19958 Tel: + 1 -888-502-0537 Email - info@247medicalbillingservices.com https://www.247medicalbillingservices.com | +1 888-502-0537

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