The average ASC racks up $1.5 million annually in operating expenses. Of that, $464,000 is spent on drugs and medical supplies. With ASCs under spending limits to maintain their Medicaid certification, not to mention their own pro [...]
Would you rather have a root canal or live with a new EMR implementation? Ask ASC teams and administrators, and they might opt for the root canal. In exchange for far-off promises of making everything “better,” they’d rather live [...]
A recent report from Relias Media paints a rosy picture for ASC growth: procedure volume is expected to climb 16 percent over the next 7 years, and revenues are expected to grow to $40 billion next year — up from $36 billion last [...]
It is estimated that ASCs spend up to $7 on materials to build a paper chart. Multiply that by an annual case count and it adds up - fast. By how much? Based on average annual case volume reported from Medicare-certified ASCs, the [...]
Claims management keeps the wheels turning in any ASC. Without prompt and “clean” claims, no one gets paid, and no one is happy. Yet ASC coding and billing is likely the most complex part of any surgery center’s business operation [...]