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:
- 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
- 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
- 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
- Business Analytics
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
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 Surprises Act has made it […]
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 to this formula. When reviewing […]
The Impact of Write-Offs on Your Anesthesia Practice’s Financial Health and Why You Should be Auditing Them Regularly: Part 1 of our Anesthesia Billing Revenue Cycle Health Series In the anesthesia billing world, there are two types of write-offs: contractual write-offs and other adjustments. Whether you’re outsourcing to a third-party billing vendor or have an […]
I recently published a blog regarding The Importance of Branding for Anesthesia Providers and when it comes to anesthesia, there are many aspects of branding that apply to hospitals as well. Whether your anesthesia providers are employed by the hospital or in private practice, it is important to have accurate information regarding anesthesia services and […]
I (Jeanette Mini, Vice President of Business Development at Fusion Anesthesia Solutions) recently read an article published in the ASA Monitor that really got me thinking. In its simplest form, a brand is defined as an intangible marketing or business concept that helps identify a company, product or individual. Throughout my career I have encountered […]
We frequently talk to anesthesia providers and hospital anesthesiology departments that have an inkling something with their current anesthesia billing service is amiss. While they aren’t sure how to effectively evaluate their current anesthesia billing service, some issues may stick out more than others. Without the proper metrics to measure performance levels, it’s quite difficult […]
Anesthesiologist Salaries: You Asked, We Answered! See Our Top 3 Tips to Achieve Maximum Compensation One question we hear routinely from clients and in the field is: how does my salary compare to others? On average, Anesthesiologists earn ($261,730), almost five-times the average annual salary for all occupations ($53,490) according to Forbes. Anesthesiologist salaries vary […]
At Fusion Anesthesia Solutions, we frequently talk to anesthesia providers who are dissatisfied with their current billing situation but reluctant to make a switch. They feel as if they are contractually obligated to continue in a bad anesthesia billing situation. When we encounter these conversations, the complaints typically fall into one of […]
Summary Article Name Why Customer Service is the Most Important Metric in Anesthesia Billing Description in the past 47 years, one element has remained a constant in anesthesia billing: Customer Service is the most important metric in billing. When customer service is top notch, it becomes a win-win for the anesthesia providers and the billing […]
Perioperative Surgical Home – What it looks like for Anesthesiologists in 2021. What is the Perioperative Surgical Home? The American Society of Anesthesiologists explains the Perioperative Surgical Home model where the patient’s experience of care is coordinated by a physician-led, interdisciplinary team. The expected metrics includes improved operational efficiencies, decreased resource utilization, a reduction in […]