DOING BUSINESS: Improve Your Revenue Cycle Performance

DOING BUSINESS


Improve Your Revenue Cycle Performance

Graduate from ‘good enough’ to ‘great’

To get paid, ASCs must perform a series of functions, including insurance verification, authorization, chart prep, dictation and transcription, coding, claim submission and payment posting. When centers complete these in a reasonably efficient manner, the revenue cycle should generate enough income to cover expenses, give employees occasional raises, make periodic new investments and deliver consistent distributions. All in all, these sound like acceptable results.

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