Anesthesia Billing and Practice Management
for Private Practices
Fusion Anesthesia Solutions has been serving the anesthesia community for close to 50 years. We believe there is no substitute for human expertise, persistence and dedication and we have made this philosophy the heart of our business. We provide full-spectrum business services, from billing to complete practice management including tax preparation. We handle your business so you can focus on your patients and quality of life.
Focused on Net Collection Percentage
Net collection percentage is our primary focus and the foundation that we’ve built our business around. By using the net collection percentage as our key metric, it becomes the primary driver of our ability to deliver revenue to clients ensuring we are collecting every penny they are due. It’s easy to collect the initial 80% of billed charges but the remaining 20%, those are the labor intensive, hard to collect dollars that require rigorous follow-up. That 20% can have a huge impact on your practice’s bottom line.
Concierge Client Service
At Fusion, everything we do is with the client in mind. Our processes, reporting and technology were designed to ensure every customer has an outstanding experience with us. We pride ourselves on the ability to deliver customized reporting and dashboards, typically within 5 days from concept to delivery. Our highly trained and long-tenured staff are available round the clock to answer questions. We have never lost a client for performance reasons in our almost 50-year history.
Meticulous Reconciliation Processes
Throughout our history, Fusion Anesthesia Solutions has developed and perfected processes to ensure every single anesthesia case performed is captured and billed, including those often missed non-OR cases. Once payment is received, we use both automation and manual processes to verify every payment received is paid according to your payer contract. We have a zero tolerance policy for any payment that does not meet the expected. We see the process through until full payment is received and the claim is fully adjudicated.
Reporting and Analytics With Actionable Data
CogitoAnalytics, a proprietary tool developed by Fusion Anesthesia Solutions, provides clients with 24/7access to anesthesia reporting and data including patient and claim level detail. Clients are easily able to view anesthesia revenue by location, inpatient vs outpatient, by payer, by surgeon and much more.
We also provide comprehensive anesthesia practice management and consulting services, including:
Test
Test
Financial Services
- Payroll Processing
- Accounting and Financial Management
- Financial Reporting
- Provider Compensation Plans
- Profit and Loss/Financial Statements
- Account Reconciliations
- Accounts Payable
- Benefit Plan Administration
- Financial and strategic Planning
- W-2/W-3/1099 Preparation and Filing for both Federal and State
Business Consulting
- Start-Up Planning; buy in / out agreements; group governance ; practice valuation
- Scheduling and Efficiency Analysis
- Facility Credentialing Support
- Stipend Analysis and Negotiation
- Hospital Contract Negotiation
Tax Services
- Corporate Income Tax Preparation and Filing
- Personal Income Tax Preparation and Filing
- Planning and Guidance
- Quarterly/Annual Payroll Tax Reporting
- Sales/Use Tax Reporting
- Shareholder / Buy-in and buy-out Agreement Support Stockholder/partner agreement assistance
- Audit preparation
Technology
- Business Analytics
- Applications
Experience the Fusion Difference
What makes us different:
- Anesthesia Billing and Practice Management is all we do
- Highest Net Collection Percentage in the industry, it is our job to collect every dollar your practice is due.
- Complete transparency via our proprietary analytic platform, CogitoAnalytics,
- Value-added services, including a full spectrum of practice management and consulting services.
- We’ve never lost a client due to performance issues
Fusion Anesthesia Solutions’ Blog for Private Practices
Utilization: It’s Time to Get the Conversation Started
OR Utilization has been discussed for years by both hospital c-suite and private anesthesia groups but the two rarely come together to collaborate on improvements, due in part to the lack of data to support the conversation. Most hospitals have an overall target utilization number they hope to achieve, typically…
Why Your Business Partners’ Goals and Values Are as Important as Your Own
During our last company wide meeting, the Fusion Anesthesia Solutions\' leadership team discussed our organization’s goals and that lead into a very insightful company wide Q & A. Some of the questions and observations were surrounding our clients, who from time to time join our team calls; celebrity guests if…
OR Utilization: It’s Time to Get the Conversation Started
OR Utilization has been discussed for years by both hospital c-suite and private anesthesia groups but the two rarely come together to collaborate on improvements. Most hospitals have an overall target utilization number they hope to achieve, typically between 75%-85%, which includes turnaround time. However, most hospitals rarely drill down…
Evaluating Your Current Anesthesia Billing Service
While external audits are an extremely effective way to evaluate how your anesthesia billing service is performing, an audit can be costly and time consuming. While the results may provide the best insight to your vendor’s performance, we’ve put together a list of questions to help anesthesia groups determine if…
2023 Taxes – What Anesthesia Professionals Need to Know
Gain valuable insight on how new laws will impact your personal taxes as a high-earning individual and how those changes impact business taxes.
Cyber Security: What Your Anesthesia Group Needs To Know
Below are a few key takeaways from our conversation and recommendations regarding cyber security for your anesthesia organization:
Anesthesia Billing’s Most Important Metric: Customer Service
While there are changes and updates regularly in anesthesia billing, one thing that remains constant is our unyielding commitment to provide outstanding customer service to our clients. There are many attributes that set Fusion Anesthesia Solutions apart from our competition, however, I would argue that customer service is the most important one.…
Transparent Performance in Anesthesia Billing
Transparent Performance: ANESTHESIA BILLING WITH 100% TRANSPARENCY Not partnering with the correct anesthesia billing company will significantly impact the revenue of your anesthesia practice. At Fusion Anesthesia Solutions we believe 100% transparency in anesthesia billing is the first step in building a trusted partnership. We accomplish this through: Our refined…
Revenue Cycle Health, Part 3: The Importance of Your Anesthesia Practice’s Payer Contract Negotiations
The Importance of Your Anesthesia Practice’s Payer Contract Negotiations Part 3 of our Anesthesia Billing Revenue Cycle Health Series In the final part of our series focused on Revenue Cycle Health, we’ll explore the importance of annual payer contract negotiations in your anesthesia practice. It’s no surprise that the No…
Revenue Cycle Health, Part 2: The Importance of Your Anesthesia Practice’s Net Collection Ratio
The Importance of Your Anesthesia Practice’s Net Collection Ratio: Part 2 of our Anesthesia Billing Revenue Cycle Health Series The formula for determining your anesthesia practice’s net collection ratio (NCR) or percentage is quite simple: Dollars that were collected against your payer contracted amount (expected) There should be no variations…