Becker's Healthcare June 16, 2020
Ambulatory surgery centers have long faced challenges in collecting reimbursement, and that became increasingly difficult as patients shouldered more financial responsibility for their care. However, those challenges have intensified during the COVID-19 pandemic and have resulted in an increased need for centers to accelerate revenue collection due to temporary income loss from suspended procedures.
During a webinar hosted by Becker’s Hospital Review and sponsored by BHG Patient Lending, presenters provided tips on re-inventing the revenue cycle during unprecedented times.
The presenters were:
- Keith Gruebele, President of Business Development, BHG Patient Lending
- Jacob Corlyon, CEO and Co-Founder, Capital Collection Management
Here are the key strategies presented:
1. Provide price estimates before procedures. To maximize revenue, surgery centers should provide...