In a previous article, “What is Revenue Cycle Management?”, we walked you through the steps of an ambulatory surgery center's (ASC's) successful revenue cycle management (RCM) process. While it is helpful to understand all that a comprehensive RCM...
There are many reasons your ASC may struggle with its revenue cycle. Maybe changing payor policies and regulations are causing denials and slow reimbursements? Maybe your patients are not properly educated about their financial responsibility? Maybe...
Revenue cycle management (RCM) is a term that is so ubiquitous in healthcare that, at times, the full breadth of what it entails and its importance can be lost. So, I thought I’d use this post to discuss a seemingly simple question: “What is Revenue...
Any seasoned ASC administrator or business office manager knows that the cornerstone of a financially stable ASC is a strong revenue cycle. However, ASCs face greater financial pressure, with challenges such as increasing patient out-of-pocket...
While operating rooms are critical for patient care, they are also important to a hospital’s profitability as the OR is known as a key revenue generator in any facility. Where is the potential to optimize the OR’s revenue? The answer lies in factors...
Think about the last time you had to take your car to the mechanic. You might not have agreed with the amount of work they said needed to be done or felt that they were charging you for some extra, not-really-necessary services, but they probably...
Revenue cycle management is only as good as the people working toward it. A highly trained, diverse team is necessary to fill the roles required to maintain a healthy cash flow for an ambulatory surgery center. This includes certified coders,...
AmkaiOffice Version 3.19 delivers enhanced claims management functionality to help ASCs more effectively manage high volumes and optimize productivity
Enhancements to the AmkaiOffice Electronic Remittance Posting (ERP) module enables ASCs to better...
If you’re an ambulatory surgery center (ASC) trying to navigate changes as healthcare transitions to a value-based system, you know that strong revenue cycle management is more important than ever. But any number of issues can affect a facility’s...
Rapidly changing industry dynamics, regulatory changes brought on by the Affordable Care Act (ACA) and other legislation, the transition to ICD-10, and increased patient responsibility pose significant challenges to the Ambulatory Surgery Center...
When it comes to personal health, people typically try to avoid getting sick. We get vaccines, we try to get regular exercise to control our weight and strengthen our hearts, and we wash our hands to avoid communicable disease. "Preventive care"...
Data. It's a small word for something that plays such a big part in monitoring the health of your revenue cycle. Today, we have the ability to capture and analyze an amazing amount of numbers and statistics at every step of the patient journey—from...
Using Technology to Drive Revenue Cycle Success
