The healthcare process involves different
stages, with multiple people working in each stage. From the initial
appointment to the payment collection stage, mistakes are bound to happen and
can result in financial losses for the practice. Out of the many processes
involved, medical coding tends to be prone to errors, specifically in
ambulatory surgery center (ASC) settings.
Experts believe that 80 percent of medical
bills have errors. Moreover, almost 50 percent of all Medicare claims contain
billing mistakes, resulting in the double-billing of more than 411,000 seniors.
Even the simplest ASC coding mistakes can cost
hospitals $68 billion every year. ASCs are particularly prone to having billing
errors that could get in the way of them getting paid correctly and promptly.
Why ASC coding is important
Through ASC billing
services, freestanding ASCs can improve their coding
capabilities, minimize errors, and stay compliant with federal and state regulations. Proper ASC billing and coding
practices ensure the viable and timely delivery of outpatient services and pain
management.
Common mistakes
Not all ASCs have sufficient labor and talent to handle ASC billing and
know the appropriate codes for every patient. In most cases, it’s best to
outsource revenue cycle management services to
qualified companies that can address the challenges compromising the revenue
performance of the facility, including denials and coding mistakes. Hiring the right ASC billing
services can also prevent ASCs from further making these
coding mistakes:
1. Not coding for multiple and bilateral
procedures
2. Failure to code to the highest level of
specificity
3. Coding from an operative note title
instead of reading the operative note body, so they miss out on billable
procedures conducted in surgery
4. Using non-specific or wrong diagnosis
codes
5. Up-coding or unbundling
6. No or improper billing for implants
7. Wrong anatomical part
8. Lack of sufficient modifiers
9. Failure to use updated or current code
sets
The consequences of these ASC coding mistakes
include overtime, lengthy and tedious processes, and revenue loss. They may
even encourage fraudulent practices, resulting in investigations and audits.
That’s why it’s better to use ASC billing services to avoid
problems down the line.
How Plutus Health can help
Leave ASC coding to Plutus
Health, an experienced and technology-driven firm where you can find the revenue
cycle management services your practice needs to increase
efficiency, productivity, and savings. We offer medical coding, denial
management, AR follow-up, and much more, with software and technologies to
transform your practice digitally.