Healthcare facilities have numerous employees across various industries working together under one roof. One aspect is medical billing. Unfortunately, this department takes up room in the facility and costs the company additional funds. Fortunately, billing may be conducted outside of the facility, and the company will benefit from an outsourcing for numerous reasons.
It is helpful for ambulatory surgery centers (ASCs) to know where they stand in terms of revenue cycle management compared to their competitors in the field. A good revenue cycle management strategy can help make a center all the more profitable and productive, and a bad one can have serious negative effects on cash flow.
The Medical Group Management Association Legislative and Executive Advocacy Response Network released its ACA (Affordable Care Act) Insurance Exchange Implementation Report recently. The association found 14.4 percent of physicians explicitly do not plan to participate in the new insurance exchanges, and an additional 56.4 percent aren't sure whether they will.