Category: ASC Coding, Billing and Collections

As physician and administrative shortages remain high, many health facilities are pivoting to contract labor to bolster their care teams. 

In July, CMS announced its suggested 3.34 percent conversion factor decrease in its proposed Medicare physician fee schedule for 2024. This proposal, coupled with inflation and low reimbursement rates, could put an additional strain on physicians’ comp…

About 43 percent of physicians receive more claim denials with Medicaid patients than other patients, according to Medscape’s 2023 “Doctors Working with Medicaid” report published Aug. 9, which includes survey results from 251 practicing U.S. physician…

Here are five physician reimbursement statistics and trends that ASCs should know: 

Cataract removal was the most common ASC procedure by the total number of charges in 2022, according to July 26 data from Definitive Healthcare. 

In 2022, 39 percent of physicians spent one to nine hours on prior authorizations weekly, according to Medical Economics’ “94th Physician Report” released Aug. 4.

The administrative costs of healthcare, including prior authorizations, are estimated to make up 20 to 34 percent of healthcare expenditures, according to an Aug. 4 report from the American Enterprise Institute, a public policy think tank.

2023 has been a tumultuous year when it comes to prior authorizations, as some payers have repealed major barriers to procedures, while others have added new rules. 

Successful negotiations and favorable contracts with payers is the first step before surgical centers can sustainably function and grow, and navigating this process can be difficult and time-consuming.

Here are seven things physicians should know about noncompetes in 2023 so far: