What is an ASC revenue cycle assessment: 10 things to know
Denials and poor follow-up processes. Charge entry errors. Accounts receivable (A/R) days well above industry standards. High self-pay balances. Failure to negotiate or load payor contracts. Incomplete operative notes.
What do these issues have in common? They all contribute to ASCs leaving money — and potentially a lot of it — on the table. And they're all problems which can be identified and put on a path to improvement and correction through a revenue cycle assessment.
Here are 10 things ASCs should know about revenue cycle assessments and their importance to ensuring a healthy bottom line.