In a recent article published in Becker’s ASC Review, Regent Revenue Cycle Management (RCM) details five valuable tips to help ambulatory surgery centers (ASCs) improve financial success for 2016.
Regent suggests ASCs focus on account follow-up to keep the accounts receivable percentage greater than 90 days to less than 15 percent, and details the best way to do so. We also advise trimming a bloated business office and offer a solution to optimize business office staffing.
Other tips include not procrastinating in areas such as billing, statements, denials, and follow-up, and earning more money by focusing on business office processes.
One way to alleviate the stress of RCM is to consider partnering up with an industry-leading RCM partner with proven results. With today’s technological advancements, an outsourced RCM employee working the center’s account 1,500 miles away is just as effective as one sitting in the cubicle next door.
Click here to read the full Becker’s ASC Review article.