Making sure you are optimizing your financial performance and running clinical services in an efficient manner are critical to the health and success of any group or hospital anesthesia practice. ASC has the experience and expertise to provide a full range of anesthesia consulting services. We can identify the opportunities available to your group or department, develop and help you implement usable solutions.
Revenue and Billing Analysis
Anesthesia billing is a complex process. There is always the risk of problems developing, and errors occurring throughout the revenue-cycle. Starting with up-front documentation, through back-end collections, reoccurring problems can quickly add up to substantial losses. Let ASC perform a full review of your billing processes and assist you in collecting the maximum reimbursement for the anesthesia services you provide.
Clinical Provider Billing Training
If the documentation is not on the record, it doesn’t matter how good the billing personnel perform their job, revenue is lost. Moreover, there is no natural “trigger” for identifying this problem. These are not complex problems, just a lack of understanding of exactly what is “billable” and how revenue is captured from the anesthesia record. Fortunately this is a very simple thing to fix. Let ASC educate your managers or staff on the basic anesthesia billing principals and documentation requirements. The return on this service is immediate and often dramatic. A few short education sessions can dramatically improve revenue capture at your facility.
Anesthesia Stipend/Guarantee Negotiations
Over the years, with the growth in anesthesia salaries and the reductions in reimbursement (real and as compared to inflation), it has become ever more difficult for anesthesia providers to rely on fee-for-service revenue alone. ASC has creative solutions that can bring the facility administration and anesthesia providers together. We have successfully negotiated many anesthesia contracts involving financial assistance. Let ASC work on behalf of your group or facility to provide a fair and equitable solution.
Maintaining staffing ratios and operating efficiency is one key to controlling anesthesia department costs. We very often find that departments have staffing practices that fall under the category of “because that’s the way we have always done it”. Let ASC do a practical, data driven review of your departments staffing model and determine if there are opportunities to provide the necessary coverage at a reduced cost.