Ambulatory surgery centers regularly face challenges in maintaining an efficient revenue cycle — from staffing shortages and variable caseload volumes to healthcare coverage changes and payment delays.
Anesthesia is a key element of patient care that impacts an ASC’s financial stability. Here are three important ways that professionalized anesthesia management can contribute to an efficient revenue cycle.
Anesthesia scheduling can be a point of weakness within ASCs. If your center is experiencing frequent anesthesia cancellations or rescheduled cases, your revenue cycle is suffering. The negative consequences of these cancellations include long backlogs, wasted staff time, and decreased patient satisfaction.
By working with an anesthesia management company that specializes in staffing, you reduce cancellations while allowing for dependable and flexible staffing coverage tailored to your individual needs. Anesthesia providers who can adjust to your surgery schedules, no matter how short the notice, positively impact your case volume and improve your cash flow.
Greater Patient Education
Lack of clarity during the billing process of a surgical procedure can lead to patient confusion and delayed payments that in turn, can stall your center’s revenue cycle. It is often particularly difficult for patients to understand their anesthesia bills. However, this issue is easy to resolve with a bit of additional expectation setting & guidance.
By integrating a patient education component into billing systems, ambulatory surgery centers can minimize miscommunications and improve transparency. When you preemptively provide information to address frequently asked questions before a procedure and make billing experts readily available, it creates exceptional clarity in the billing process. The result of this billing model is an accelerated revenue cycle that boosts profit margins and elevates center satisfaction scores.
Expert Anesthesia Management Impact
Developing a regular partnership with professional anesthesia management experts streamlines operational and financial efficiency. By eliminating the struggles centers commonly face with anesthesia management, centers can better utilize their existing resources. A minimized level of cancellations mixed with better patient support boosts staff productivity and financial gain. The eventual result is a win-win situation for all.