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Revenue cycle management for joint-venture ASCs — 5 common mistakes

Health systems and physician groups teaming up to develop joint-venture ASCs must have a steady revenue stream to succeed, according to Serbin Medical Billing.

Five mistakes that can hinder a joint venture's financial performance:

1. Relying on hospital software to manage ASC billing
2. Not establishing systems for scheduling and insurance verification
3. Putting hospital staff in charge of ASC billing office tasks
4. Using practice management software to perform ASC billing
5. Thinking an RCM partner eliminates the need for business office staff

More articles on coding, billing and collections:
Most health systems plan to assume more risk — 3 insights
Discounts and waiving co-payments and deductibles: The compliance risk for ASCs
The 2019 guide to ASC billing, collections & contract negotiations

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