Each month Regent RCM explores top news and headlines affecting the health care industry.
This month in the news:
Strategically Partnering with a Hospital
Ambulatory Surgery Centers (ASCs) need to make sure partnership terms with a hospital are beneficial, with a plan in place detailing expectations and goals in mind prior to initiating discussions, advises ASCs Inc. Founder and President Jonathan C. Vick in a February 5, 2016 article published in Becker’s.
Click here to discover Vick’s thoughts on how to cement these partnerships successfully.
A recent Regent RCM blog further addresses this partnership trend, examining probable billing and collections issues resulting from joint ventures between hospitals and ASCs. Can we insert a link to our blog article here please
Becker’s Hospital Review 7th Annual Meeting April 27 – 30, 2016
More than 1,500 hospital and health systems staff from across the country will attend this annual meeting, focused on strategy, health system alignment and growth, physician integration, improving profitability, and ACOs & key specialties. The meeting will feature more than 280 speakers, including 88 hospital CEOs, CFOs and CIOs.
Click here for more information on the conference or to register.
Pros and Cons of Payer Consolidation
The trend toward payer consolidation has been a mixed bag for ASCs thus far. A February 3, 2016 article examining the trend in Becker’s suggests that in some markets the consolidations have led to rate increases while in others less payers translates to lower facility rates.
ASCs that are not strategically partnered with a larger hospital or do not have access to the network with the majority of existing patient populations in the area may be cut off from revenue and also receive limited referrals from other partners and physicians.
Click here for more details on how payer consolidation may impact your ASC.