How ASC’s Can Use Technology for Better Patient Financial Experience

With an increasing number of patients with high deductible health plans, it is essential that ambulatory surgery centers leverage technology and automation to improve the patient financial experience. A recent report shows that the ASC market could grow to $120.8 billion industry by 2026 but there is a great need to begin using technology to make improvements to the patient financial experience.

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SBA Encourages CFPB to Mitigate Rule’s Impact on Small Business

The U.S Small Business Administration submitted comments to the CFPB’s proposed rule for the Fair Debt Collection Practices Act in line with ACA International’s suggestions on consumer communications and disclosure notices and noting the significant impact it could have on small business. Read more to find out the most noteworthy comments.

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Three Proactive Approaches for Improved Claims Denials Management

To maximize revenue claims denials management, healthcare providers need to follow the advice “an ounce of prevention is worth a pound of cure.” For surgery centers and surgical hospitals, being proactive means preventing revenue leakage and being profitable. Building a solid strategy and doing regular checkups to maintain a healthy bottom line sets your facility up for growth.

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Trump Executive Order Opens Door for Hospital Price Transparency

The Centers for Medicare & Medicaid Service recently proposed a rule that would require hospitals to make pricing information publicly available. It is CMS’s position that the rule would increase competition by enabling patients to shop for healthcare that meets their needs and budgets.

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Poll Shows a Majority of Americans Worry About Hackers

With constant news about data breaches compromising personal information, it is no wonder that Americans are increasingly squeamish about being hacked. A new poll found that a majority of American adults worry about hackers gaining access to their social security umber and credit card information.

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Trends Impacting the ASC Landscape: 5 Things To Know

According to McKinsey research, nonhospital-provider segments are primed for growth and could account for almost 55 percent of projected profit pools by 2021; including everything from diagnostics, pre-, non-, and post-acute services, surgery centers, physicians and other healthcare professionals. In a rapidly changing healthcare landscape, it is critical to understand these trends; otherwise, surgery centers may be missing opportunities to optimize payment and enhance their bottom line.

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The State of Medical Collections

Medical debt accounts for one of the largest markets in collections. While the Fair Debt Collection Practices Act regulates debt collection in general, the American Hospital Association (AHA) created a set of guidelines for member hospitals to follow regarding their billing and collection practices. Other state hospital associations have implemented their own guidelines as well. ACA members who collect medical debt should be aware of both state and federal guidelines for hospital billing and collections.

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Texas Enacts Healthcare Measures Impacting Credit Reporting and Surprise Medical Billing

The state of Texas recently enacted new healthcare measures related to medical billing and credit reporting of out-of-network care. There are some implications regarding the billing of consumers for out-of-network care as well as the reporting of debts related to out-of-network care. Read more about it after the jump.

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Consumerism in Healthcare: What ASC’s Need to Know

The ASC market is expected to grow at 4 percent between 2017 and 2027, with multispecialty ASC's expected to dominate over the next decade. How can the ASC world adapt to the growing trend of consumerism in healthcare and thrive?

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JAMA Study Finds 36% of Virginia Hospitals Garnishing Wages Over Unpaid Bills

Not every hospital sues over unpaid bills, but a few sue a lot according to an article published by NPR. While hospitals say lawsuits are rare, they concede that they cannot stay afloat without getting paid for services.

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News & Notes:
August 2019

A collection of news and notes from in and around the world of healthcare. This month: "Pelosi Expects Drug Pricing Bill in September", as well as "Senate Health Committee Continues to Work on Lower Healthcare Costs."

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