Regent RCM’s Michael Orseno to Speak at MASA 2016 Education Day

Regent Revenue Cycle Management (Regent RCM) is again proud to support this year’s Michigan Ambulatory Surgery Association (MASA) Education Day conference.

Michael Orseno, VP of Revenue Cycle at Regent RCM, will present, ASC Benchmarking – Business Office Staffing & Revenue Cycle, on Friday, Oct. 21 at 9:45 a.m.

“One of the toughest challenges for any surgery center is determining if your revenue cycle is performing well,” says Orseno. “Until now, there wasn’t a comprehensive list of ASC-specific benchmarks, and how they should work together. We solved that challenge for our industry and we’re looking forward to a great exchange with center leadership teams. Not only will we focus on the nine benchmarks themselves, we’ll go deeper and discuss  how outside forces impact the numbers, how the benchmarks work together, and when the numbers lie.”

The conference takes place Oct. 20 and 21 at the Soaring Eagle Resort in Mount Pleasant, Mich. Attendees can sit in on a variety of sessions, with four breakout tracks: Administrative, Clinical, Billing and Coding, and Materials Management. For more information on the conference and registration, click here.

To learn more about ASC-specific revenue cycle benchmarks, stop by Regent RCM’s booth during the show. Click here to access Regent RCM’s video and webinar series, including instructions on how to calculate and measure what Orseno refers to as “the great lie detector,” the net collection rate.

To download your copy of Regent RCM’s white paper, Using ASC-Specific Benchmarks to Assess Revenue Cycle Health, click here.

ASC Benchmarks Net Collection Rate

ASC Revenue Cycle Benchmark Video #5 – Net Collection Rate

Regent Revenue Cycle Management (RCM) Vice President Michael Orseno and his team developed ASC-specific benchmarks to help assess the health of a center’s revenue cycle. A recently developed video series examines all nine benchmarks and how best a center can utilize them.

The fifth video zeros in on the net collection rate; the percentage of eligible money a center actually collects. Net collections rate is one of the few metrics that can stand on its own. Dubbed the great lie detector, it’s a true indicator of a center’s revenue cycle health.

The Regent RCM gold standard is a minimum of 97% because centers need to make sure they are collecting every dollar they are entitled to.

Watch the video and learn more about this foundational metric and why it has to be measured individually, with each specific claim, to ensure that other metrics are accurate.

Get additional insight into Regent RCM’s ASC revenue cycle benchmarks and how to make them work for your center by watching the three-part webinar series that expands further on this topic or contact Regent RCM to speak with one of the dedicated revenue cycle specialists.