Participants learn how to customize, deploy, and measure nine metrics to gauge their center’s financial health
Regent Revenue Cycle Management (Regent RCM), an independent division of Regent Surgical Health and a leading provider of innovative, cost-effective revenue cycle management services exclusively for ambulatory surgery centers (ASCs) in the United States, announced today that it will host a three-part webinar featuring industry veteran and Regent RCM Vice President Michael Orseno. The webinar series expands on recently launched ASC RCM video series and demonstrates how benchmarking will accurately and consistently measure the health of an ASC’s revenue cycle.
“One of the toughest challenges for any surgery center is determining if your revenue cycle is performing well,” stated Orseno. “We developed this webinar series so center administrators can understand how numbers can be improved, why they might fluctuate and how they can often be misleading. We have developed nine metrics that centers can customize, deploy, and measure to gauge their financial health.”
PART ONE: Optimal Business Office FTEs per 1,000 Cases
WHEN: April 5, 2016 at 12 p.m. CST
WHY: Smart staffing is an integral part in gaining more control and efficiency over the revenue cycle. This webinar explains Regent RCM’s exclusive benchmark on optimal staffing models. Regent RCM will explain how it developed this benchmark and used it to reduce staffing to by over .3 FTEs per 1,000 cases in four years.
PART TWO: ASC RCM Benchmarks
WHEN: April 19, 2016 at 12 p.m. CST
WHY: Learn Regent RCM’s gold standard for the following benchmarks and understand how outside forces impact the numbers, how the benchmarks work together, and when the numbers lie.
- Days Outstanding
- % A/R over 90 Days
- Denials and Clean Claims
- Charge and Claims Lag
- Statement Lag
PART THREE: Net Collections – the Great ASC RCM Lie Detector
WHEN: May 3, 2016 at 12 p.m. CST
WHY: Find out how to calculate your center’s net collections rate, how to set your gold standard based on your center’s payer and case mix, and why we call this benchmark “the great lie detector.”
To learn more or to register for the webinar series, click here.