Best Practices that Bring Profits to ASCs -Avontix

For a healthcare practice’s success in maintaining a good financial health, one thing plays a crucial role and that is having the best coding and billing practices. This is no different for the Ambulatory Surgery Centers (ASCs). Practicing enhanced billing and coding processes help ASCs to improve patient loyalty and thus increase their profits. One of the best possible ways to get best coding and billing processes is outsourcing these processes to RCM services providers that can provide medical coding services as well. Given here are few best practices that an ASC has to adhere to in order to maintain good revenue cycle management.

Specialist coders are required to understand the complexities of ASC’s coding needs. If due care is not taken while coding keeping in view the specific requirements of that particular business, it can result in inaccurate coding leading to delayed payment or a denial. Outsourcing companies that provide medical coding services always take due caution required to avoid inaccurate coding and thereby reduce losses to the ASCs.
Best practices include providing multiple choices to patients to make payments. Though many patients have some sort of insurance, there may still be situations when patients need to pay some amount out of their pockets. ASCs need to address this issue before the surgical procedures so that there are no complications in collecting payments.
A collection policy that is simple to comprehend for patients has to be implemented in order to have an efficient revenue cycle management. Along with simple payment alternatives, patients should also be advised of their payment responsibilities and given a collections strategy that will not burden them and also help in timely collections for the ASC.
Outsourcing billing processes to RCM services providers will facilitate managing AR days which is critical for the profitability of an ASC. Accounts receivables should be regularly audited that help in identifying any errors or omissions at an early stage.

Hire Avontix, one of the best medical coding services and RCM services providers, for the best medical coding and revenue cycle management practices

That’s Hilarious! Funny Must-Read Medical Transcription Errors!

Doctors every now and then come across some very critical bloopers from medical transcriptionists. Some of these can be downright funny! It’s common for transcription errors to creep in for various reasons like the dictation might not be clear, too many medical terms stuffed in, or misunderstanding at the transcriptionist’s end. Medical transcriptionists vary in experience and skill and may not be well versed with some medical terms. Here is a compilation of some very funny transcription mistakes you could note to avoid being on the receiving end of the laughter!

·"Eyes and nose continue to be within normal limits" (I & O). ·"History of sick as hell disease" (sickle cell) ·"She was a bitch and grinned" (a bit chagrined). ·"The last day the patient took their meds was for beaver." (forever). ·“49 year old occasional male”(Caucasian male). ·“Borderline respectable pancreatic cancer”. (Resectable). ·“Patient is alert and orien…

Location isn’t a Matter for Coding and RCM -Avontix

The technological developments in the healthcare management industry have facilitated and increased the outsourcing of medical coding and RCM among many healthcare facilities. The healthcare facilities need not bother about from where the support for their RCM and medical coding jobs is coming from. What they need to think about is only if these service providers have the latest technology, training and subject expertise. These days most of the outsourcing companies are well equipped with high-speed internet connectivity, coding and RCM software with security features that make the importance of the location of the service provider negligible.
The lower reimbursement rates and diminishing margins are forcing the different healthcare facilities to think for ways to reduce costs. One of the best ways for hospitals and other facilities to minimize costs is outsourcing their medical coding jobs along with their revenue cycle management. The significant task for a hospital is to identify …

Healthcare Documentation – A Promising Career Option -Avontix

Picture courtesy: explorehealthcareers.org
With ever-changing legal and medical requirements, it is mandatory that all the procedures and processes performed by healthcare practitioners are recorded accurately not just for evidential purposes but for future references also. However, it is not possible for the physicians, nurses, and other healthcare professionals to keep documenting each and every process performed by them in a written format. Hence, physicians take advantage of the technological advancements and record the procedures performed by them in audio files using an electronic device. Although these can serve as records, it is not easy to comprehend a physician’s voice file when the information is required. So, these voice files are transcribed into electronic documents and this process of transcribing is called medical transcription or healthcare documentation.
The voice files given by the physicians for healthcare documentation include their office visits, emergency room …

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