Ambulatory Surgical Centers (ASCs) play a vital role in providing same day surgical care; however, the changing landscape of the US healthcare industry has cropped up various challenges for this industry. These centers are not only struggling with fluctuating reimbursement rates but physicians’ shift towards hospital employment and pressure to provide cost-effective care has also increased their woes. The number of ASC facilities in the US has remained static for the last few years as many such centers are closing down or merging with hospitals due to revenue issues.
ASC Key Statistics
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According to RemitDATA, denials are causing financial pressure on ASCs with New York being the top state with highest denial rates (37%) for such surgery centers. Georgia comes second (27%) and Kentucky is on the third spot (22%)
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According to HealthCare Appraisers 2013 ASC Valuation Survey, during 2012-2013, around 54% ASC management companies witnessed an increase in acquisition activities
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According to a Provista Report of ASC Survey Findings, reimbursement is the biggest challenge faced by ambulatory surgical centers
Physicians in New York are increasingly preferring to have professional Medical billers and coders manage their billing process. Numerous physicians have observed that the cost of maintaining these professionals can be very high too thus an increasing trend in looking out for expert billers locally who may or may not be associated with the practice full time.
With an average of 10 years of medical billing and coding experience, our certified billers are available to service your practice in any city of New York including the New York City, Buffalo, Rochester, Yonkers and Syracuse.
They help practices protect patient information, minimize interruptions in cash flow by due to staff turnover and absences, elimination of backlogs and providing continuity of revenue collections. You can count on them for medical billing and coding services where they can help you to:
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Increase revenue steadily
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Faster claims processing as they are dedicated to billing not multi-tasking
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Follow up on rejected or partially paid claims
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Consulting in coding to increase revenue through better code utilization
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Adopting best Medical Billing practices and recovering collections quickly
Specialized Medical Billing Services in New York
Across New York State, our specialized medical billing services in New York bring a decade of expertise to healthcare providers in New York City, Buffalo, Rochester, Yonkers, and Syracuse. With rising costs and staffing challenges, MBC's certified team offers a cost-effective solution to practice revenue management.
Our dedicated professionals ensure uninterrupted cash flow, eliminate billing backlogs, and maintain strict patient data security. Through focused claims processing and strategic code utilization, we help practices adapt to the growing demand for qualified billing expertise in the Tri-State region, particularly amid projected industry staffing shortages.
Growing Healthcare Revenue in New York
Our New York medical billing specialists address the unique challenges of this high-cost market, delivering targeted solutions that typically improve collections by 20%. By handling dedicated billing tasks without the distractions of multi-role responsibilities, our team ensures faster claims processing and more effective follow-up on partial payments or rejections.
MBC combines advanced coding expertise with state-specific regulatory knowledge to optimize revenue cycles and expedite collections. While New York faces increasing demand for qualified billing professionals, our established presence across the state enables practices to access expert billing services that support sustainable growth and improved profitability, all while meeting federal healthcare cost management initiatives.
It has become important for ACSs to meet the competition from hospitals that are equipped with the latest tools and systems for quality care provision. They are under pressure to meet patient and physician demands, while struggling with financial and administrative challenges on a day-to-day basis.
Our expert team of coders and billers have been assisting ASCs across all 50 states in the US survive challenges brought in by healthcare reforms. With our 15+ years of experience in the medical billing domain, we have helped such centers combat top five challenges:
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Getting maximum payment from insurance companies
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EMR Implementation
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Compliance with Healthcare Reforms
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Accounts Receivable Recovery
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Denial Management
Our billing professionals not only specialize in ASC coding and billing but also incorporate the knowledge throughout the process for offering end-to-end solutions. They are adept at handling the following services for ambulatory surgical centers:
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Tracking deductibles, co-payments and fee schedules
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Error-free coding and code audit checks
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Generation of patient statements
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Reducing denials through effective denial management solutions
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Offering custom reports to helps ASCs identify reasons
With our proven ASC medical billing services, many surgical centers across the country have overcome denials and underpayments. From error-free claims submission and rigorous follow-ups to denial management, appeals and compliance to HIPAA and other reforms, our billing professionals offer comprehensive solutions. Our coders are updated with the latest changes in ASC coding and make use of the latest software to deliver quality solutions.
Why is MBC the Best Choice for ASC Billing?
We take pride in our team of billing experts who are well-versed in revenue challenges concerning ASCs. Our expertise in ASC billing helps us deliver top quality services in the industry. We have ASC -specialized coders with certification from the AAPC (American Association of Professional Coders) who ensure error-free application of codes for maximum revenue. Our company has well-trained AR callers who work vigorously to procure maximum payments from insurance companies. Our 24/7 best-in-class customer services helps us ensure high standards of client satisfaction.
Helping ASCs Save More and Spend Less
ASCs avail our end-to-end billing and RCM solutions to ensure a steady flow of income, streamline revenue cycle and enhanced workflow. Our team of billing experts brings them maximum revenue for rendered services, enabling them to invest in latest equipment, tools and systems for procedures such as endoscopy. MBC’s comprehensive billing and coding solutions help such centers reduce the impact of ageing population on the demand for surgical procedures.
We understand the importance of ASCs in mitigating the impact of aging population on shortage of surgery workforce. By maximizing revenue and minimizing claim Denials, we help ASCs retain their autonomy and keep working they way they must.