External and internal benchmarking plays a critical role in ASC revenue cycle success, according to Fort Myers, Fla.-based Serbin Medical Billing.
The key details to know:
1. Valuable data indicators to benchmark include average charge per case, reimbursement per case, net collection percentage, average days to bill and overhead percentage.
2. Accounting accords and ASC software systems can provide the necessary information to benchmark operations internally.
3. Internal benchmarking can be used as a tool to improve quality at ASCs.