A Case Study on Ambulatory Surgical Center - What stopped the ASC's revenue growth
One of our Ambulatory Surgery Center clients has been open for approximately 10 years. The accounts receivables (A/R) had increased notably over the 2 years of the period — from almost $1.2 million to nearly $2.4 million, an increase of more than 100%. A/R days had increased from 35 to 85 days. There were more than 2,400 accounts outstanding. This is almost double of accounts any center could expect with the case volume. Some of the increase in outstanding accounts was due to issues with payers that switched to the modern EAPG i.e. Enhanced Ambulatory Patient Grouping (EAPG) System. When the first time this client approached us, we started by identifying the challenges faced by this center. Understanding ASC Billing Challenges With medical facilities around the world are advancing, the United States now has almost the same number of Ambulatory Surgical Centers as there are Hospitals. Although the number of outpatient surgeries is getting popular, physicians, coders, and i...