Maximize Your Collections For Ambulatory Surgery Centre’s

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Maximize Your Collections For Ambulatory Surgery
Centres (ASC) 

• Collecting from patients has become a growing
  challenge for ASCs in recent years. A
  growth replicated the continued rise in patient
  financial responsibility, even after insurance.
  As patients financial responsibility for
  healthcare costs has shifted, ambulatory surgery
  centres must commit more attention and resources
  to collect these higher amounts. In fact, they
  are making every effort to do so while keeping in
  mind the stress and struggle that some patients
  face in covering personal expenses. Regardless of
  the growing challenges that ambulatory surgery
  centres collections and their patients face, ASCs
  must make sure that they have practices in place
  to assist them in collecting what patients owe
  for their treatment.

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Strategies to maximize the collections for your
Ambulatory Surgery Centre's (ASCs)

• Devise a defined collections policy
• Its critical for ambulatory surgery centres to
  have a clear collections policy that patients
  understand even prior to their arrival. The ASC
  is more likely to collect if patients understand
  their accountabilities and when bills are due.
  From the moment patients walk through the door,
  the ASC must have a written policy in place
  outlining how they will handle collections.
• Revise billing statements
• Many ambulatory surgery centres fail to invoice
  patients correctly or use ambiguous language in
  their billing statements. The breakdown of the
  aging budget is one of the most significant flaws
  in billing statements. Thereby, the patients see
  this and assume the payment isnt due until the
  last payment date. In this case, the best
  solution is to change the statements to remove
  the aging and include a specific date for the
  next payment.

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• Go after late payments early
• Late payments must always be pursued
  aggressively. You should have a clearly defined
  collections policy outlining a specific set of
  actions to collect late payments, and you must
  take these steps right away. According to the
  research, the more you contact a person on the
  front end for payment, the better your chances of
  getting paid. In fact, sending a statement every
  30 days is unacceptable. You require a system
  that allows for more contact early in the
  process.
• Furthermore, in-house ASCs billing operations
  must be more successful in collecting payments.
  In such a scenario, there is a need to look for
  budget-friendly systems to digitalize the entire
  collection process.

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Outsource ASC Billing and Coding to Maximize your
Collections

• The success of your Ambulatory Surgical Centre
  (ASC) depends not only on patient satisfaction
  but also on an accurate medical billing services.
  When your ASC loses money due to revenue cycle
  mismanagement, your facility is put at
  unnecessary risk of losing more revenue than it
  earns, resulting in highly stressful conditions.
• One of the many issues that plague a private
  Ambulatory Surgery Centre is the lack of adequate
  collections from the patients for the services
  offered. In addition to such issues are the
  constant changes in medical coding. In fact,
  regulatory changes are constantly being updated,
  and they can affect how you handle your ASC
  billing process. It is costly to be unable to
  keep up with these changes.

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About 24/7 Medical Billing Services
24/7 Medical Billing Services is the nations
leading medical billing service provider catering
services to more than 43 specialties across the
entire 50 states. You can rely on us for
end-to-end revenue cycle management. We guarantee
up to 10-20 increase in the revenue with cost
reduction of your practice for up to 50.
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Call us Today
Media Contact 24/7 Medical Billing
Services, 28405 Osborn Road, Cleveland, OH,
44140 Tel [phone] Email
info_at_247medicalbillingservices.com Website
https//www.247medicalbillingservices.com/
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