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Enhancing Financial Health in ASCs: Strategies for Effective Cash Collections

This guide focuses on improving the financial health of Ambulatory Surgery Centers (ASCs) by maximizing cash collections. Discover strategies such as creating effective tools, implementing internal controls, empowering staff, and considering outsourcing when necessary. A team-oriented approach facilitates better cash collections through scheduling, verification, registration, clinical participation, coding, billing, and follow-up. By prioritizing financial health alongside patient care, facilities can ensure robust operations and foster staff engagement in achieving collection goals.

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Enhancing Financial Health in ASCs: Strategies for Effective Cash Collections

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  1. Improvingthe Financial Health of Your ASC BRINGING IN THE CASH

  2. Lets Talk About How To: • Maximize Cash Collections • Create Tools • Implement & Understand Internal Controls • Empower your staff • Outsource sooner than later

  3. Maximize The Amount of Cash Collections

  4. Team Effort = Success • Scheduling • Verification • Registration • Clinical Participation • Coding • Billing • Collections

  5. Create Tools to Motivate Employees to Participate in Cash Collections

  6. Implement Internal Controls for Tracking and Follow Up

  7. Empower Your Staff with Payer Knowledge

  8. Outsource Sooner Than Later

  9. NEW COLLECTION TECHNIQUE Payment Please…….

  10. Just like the attention we give to the health of our patients, we must give attention to the financial health of our facility.

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