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About ASC's

ABOUT ASC's is a blog setup to provide ambulatory healthcare professionals the opportunity to share ideas, post questions and reach out to peers for information on: improving patient care and safety, meeting regulatory compliance, risk management, licensing, policies and procedures,information systems, and daily operational questions. This blog is provided and supported by Ambulatory Strategies, Inc. as a service to our clients and friends.

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ABOUT ASC's

Key Components of a Operational Audit

by DRauber 12. March 2012 09:17

An operational audit should include these components

  • Compliance with CMS regulations
  • Opportunities for enhanced revenue stream
  • Updates on trends with contracts on a national level
  • Out of  network billing trends/opportunities
  • Coding and charging audit
  • Information system review and recommendations
  • A/R enhancement and collection opportunities
  • Opportunities for further cost containment in all expense areas and inventory control
  • Clinical and staffing ratios/ performance: FTE calculations
  • Both clinical and financial benchmarking compared to best practices.

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Financial Planning | Regulatory Compliance

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Improve ASC Profits

by DRauber 10. March 2012 05:33
Evaluate and compare the highest revenue, most frequent procedures, highest supply costs and highest staff cost procedures.  Break down top 10 CPT codes by doctor and convert to cost per procedures.  Compare your costs per procedure to "best practices" benchmarks.  Determine the best way to influence efficiency, maintain high quality, and reduce costs.

Tags:

Financial Planning

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