A cataract surgery at an ASC costs about $341, compared to $549 at hospitals. Similarly, other surgeries like inguinal hernia and rotator cuff repair are at least 35-40% less expensive at surgery centers.
However, despite ensuring quality care and lower costs for patients, ambulatory surgical center billing operations struggle with low reimbursements regularly. To overcome these challenges, many providers are considering outsourcing their admin burden to experts. By doing this, they are able to save time that can be used for clinical functions.
But do ambulatory surgical center billing companies and their services have any benefit for ASCs?
How Ambulatory Surgical Center Billing Services Add Value
Reimbursement for ambulatory surgical centers is roughly 55% of hospitals. And to make matters even worse, billing errors and reimbursement delays eat into whatever little payment can be recovered.
But with expert support, the scenario is completely different for most providers. Here are some benefits that ASC operators can enjoy by partnering with ambulatory surgical center billing services:
1) Higher billing accuracy:
ASC billing services offer certified billing and coding professionals. And so, with support from these experts, providers can quickly reduce billing errors and improve their first pass rate.
2) Shorter reimbursement cycles:
Another benefit of ASC billing services is that they are able to process bills quickly. This helps eliminate billing lags and ensures swift submission of claims to payers.
3) Customizable solutions:
Ambulatory surgical centers have to verify insurance, and assign codes to performed services before claims can be submitted. In short, there are many stages in billing operations. And the best part is that providers can get experts to work either on their entire billing process or just one specific part of it, depending on their requirements.
Expert Billing Support for Ambulatory Surgical Centers
Administrative workload just for one claim can be enormous. But by managing these admin tasks in-house, providers not only end up increasing their payroll costs but also reimbursement issues. The best options in cases are experts like ambulatory surgical center billing services.
These experts take on all billing requirements and admin tasks for providers. And as a result, providers do not need to dedicate efforts to hire certified billers or train new staff. They can focus solely on patient care.
To learn more about how our ambulatory surgical center billing services have helped providers in California, reduce operational expenses by up to 80%, please contact Sunknowledge Services Inc., a HIPAA-compliant healthcare revenue cycle management organization serving US providers & payers since 2007.
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