Uploaded on Apr 23, 2021
To avoid Medicare payment reductions under the ASC Quality Reporting Program, providers will have to invest time and effort into making sure that the measures are being reported correctly.
Error-free Medical Coding is the lifeline of every Ambulance Surgical Centre
ERROR-FREE MEDICAL CODING IS THE LIFELINE OF EVERY AMBULANCE SURGICAL CENTRE – 24/7 MEDICAL BILLING SERVICES HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/ ERROR-FREE MEDICAL CODING IS THE LIFELINE OF EVERY AMBULANCE SURGICAL CENTRE – 24/7 MEDICAL BILLING SERVICES Effective revenue cycle management for ambulatory surgery centres is because even after changes made by CMS to support ASCs, there are some centres that continue to face difficulties in managing their revenue cycles. Ambulatory surgical centres in the USA have not shown any significant growth in the past few years. Many of them either closed down or merged with bigger medical groups due to revenue issues. According to Provista Report of ASC Survey Findings, reimbursement is the biggest challenge faced by ASCs across the country along with management of days in A/R. HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/ ERROR-FREE MEDICAL CODING IS THE LIFELINE OF EVERY AMBULANCE SURGICAL CENTRE – 24/7 MEDICAL BILLING SERVICES Following are few of the important changes introduced by CMS in its proposed payment rule for ASCs: The reimbursement rate is increased by 2.1% on an average on all covered procedures for ASCs. However, not every procedure will experience this change, as it is code-specific. The bottom line has been lowered from 40% to 30% for device intensive procedures. Non-opioid pain management drugs will receive separate payments. The definition of 'surgery' is being revised and is proposed to include other surgery like procedures. Also, 12 cardiac catherization procedures are proposed to be added to the current ASC covered list. ASC Quality Reporting Program witnessed some big changes. ASC- HTTP://WWW.247MEDICALBILLINGSERVICES.COM 8 was removed and beginning 2021, ASC-10 will also be removed. ERROR-FREE MEDICAL CODING IS THE LIFELINE OF EVERY AMBULANCE SURGICAL CENTRE – 24/7 MEDICAL BILLING SERVICES Billing Guidelines for ASC: Understanding the currently effective billing and payment guidelines is the most important step that the ASC billing team will have to achieve in order to diminish RCM concerns. Billers will have to ensure that the days in A/R for the surgical centre is reduced. Error-free coding is the lifeline of every surgical centre. AMA added 170 new codes, deleted 82 codes and revised 60 codes ASCs will also have to manage and keep up with the payer contracts because they are also subject to frequent changes. To avoid Medicare payment reductions under the ASC quality Reporting Program, providers will have to invest time and effort into making sure that the measures are being reported correctly. HTTP://WWW.247MEDICALBILLINGSERVICES.COM ERROR-FREE MEDICAL CODING IS THE LIFELINE OF EVERY AMBULANCE SURGICAL CENTRE – 24/7 MEDICAL BILLING SERVICES 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, Media Relations, 24/7 Medical Billing Services, 16192 Coastal Hwy, Lewes, DE – 19958 Tel: + 1 -888-502-0537 Email - [email protected] HTTP://WWW.247MEDICALBILLINGSERVICES.COM
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