Transparent Performance in Anesthesia Billing
Transparent Performance:Â 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…
The Importance of Leadership to an Anesthesia Practice
During ASA Advance: The Anesthesiology Business Event, leadership was a topic of discussion in both the exhibit hall and of the many sessions. For a private anesthesia practice, leadership comes in several different areas, a few of which we’ve highlighted below. To…
Reimbursement Issues in Anesthesiology – Revenue Cycle Health for Hospitals Part 2
Reimbursement Issues in Anesthesiology: Part 2 of our Revenue Cycle Health for Hospitals Series In Part 2 of our series on Revenue Cycle Health for Hospital Anesthesiology Departments we’ll explore issues with revenue leakage on anesthesia services. As discussed in…
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…
Anesthesiology 2022 Recap
It was a Mardi Gras of a time in New Orleans at the American Society of Anesthesiologists’ annual conference, Anesthesiology 2022. It was so nice to see all the smiling faces and hear more about the challenges anesthesiologists are faced with today. We’ve highlighted…
Stay in the Know: November 2022
Updates from November 2022 affecting the anesthesia industry that you don’t want to miss: These news articles from November 2022 relating to the anesthesia industry and practice leadership. From open first-year residency spots to average incentive bonuses, here are…
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…
Stay in the Know: October 2022
Updates from October 2022 affecting the anesthesia industry that you don’t want to miss: Merritt Hawkins and AMN Healthcare laid out the most requested physician searches by specialty for 2022 in its “Review of Physician and Advanced Practitioner Recruiting…
Revenue Cycle Health for Hospitals Part 1: The Benefits of Outsourcing Your Anesthesia Revenue Cycle
The Benefits of Outsourcing Your Hospital’s Anesthesia Revenue Cycle: Part 1 of our Revenue Cycle Health for Hospitals Series Part 1 of our series on Revenue Cycle Health for Hospital Anesthesiology Departments will focus on the complexities involved in anesthesia…
Revenue Cycle Health, Part 1: The Impact of Write-Offs on Your Anesthesia Practice’s Financial Health
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…
Stay in the Know: September 2022
Updates from September 2022 affecting the anesthesia industry that you don’t want to miss:Eyecare pharmaceutical company Harrow and anesthesia company Sintetica have developed an FDA-approved ocular surface anesthesia, Iheezo.Without an extra incentive, provider…
How Will Anesthesia Providers be Affected by the CMS Proposed Rule for Calendar Year 2023?
Last week we posted an update regarding the release of the CMS Proposed Rule for Calendar Year 2023. If history has taught us anything, it means any proposed cuts to reimbursement are more likely a warning to brace for impact. The American Society of Anesthesiologists…
The Importance of Anesthesia Branding on Your Hospital Website
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…
The Importance of Branding for Anesthesia Providers
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…
Anesthesia Billing Transparency Through Technology and Reporting
Throughout Fusion Anesthesia Solutions’ almost 50-year history, we’ve had hundreds of conversations with anesthesia providers and hospital revenue cycle leaders regarding anesthesia billing transparency through reporting capabilities and access to data. While each of…
How to Evaluate Your Current Anesthesia Billing Service
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…
What Does Billing Transparency Really Mean to Your Anesthesia Group or Department?
Virtually every anesthesia billing company now offers some type of portal to their clients, often claiming that the portal will provide transparency and unlimited access to your data. The reality is most of these dashboards use pictures and dials to present the same…
Did You Miss the Advance 2022 Anesthesiology Business Event? Here’s What We Learned!
First and foremost, it was amazing to see everyone in person again at the Advance 2022 Anesthesiology Business Event! The Exhibit Hall was buzzing with attendees, and it was clear what was top of mind to group practice leaders: How will my anesthesia practice be…
Think You Have More Control Because You Have an In-House Anesthesia Billing Operation?
Does In-House Anesthesia Billing Give You More Control? By: Jeanette Mini In our experience, many anesthesia practices we’ve encountered with in-house anesthesia billing operations were born because of poor performance from an outsourced billing company. Does an…
Update: How will Your Anesthesia Practice be Affected by the No Surprise Act Final Rule?
In follow up to our October 11, 2021 Blog, How Will Your Anesthesia Practice be Affected by the No Surprise Act Final Rule, we wanted to share an update regarding Good Faith Estimates (GFE). For uninsured (or self-pay patients), the surgeon would be responsible for…
Practice Independence: How to Remain Independent During Market Uncertainty
An excerpt from our free ebook, Practice Independence: How to Remain Independent During Market Uncertainty. Download the free ebook below! The Current Environment of Anesthesia Practices: Prior to the Covid-19 pandemic, anesthesia practices across the country were…
A Final Thought for 2021
I don’t know about you but when the year comes to a close I go through the painstaking process of reviewing my household services contracts and thinking about my financial goals for the coming year. This exercise isn’t only about price shopping, it’s about making sure…
2021 Tax Updates – What Anesthesiologists Need to Know
Introduction to our “2021 Tax Updates – What Anesthesiologists Need to Know” eBook: Congress passed a massive tax reform bill in December 2017. Ever since the bill was passed, Fusion Anesthesia been getting calls and emails from anxious clients wondering how the bill…
How Hospitals Benefit From Outsourcing Anesthesia Revenue Cycle Management
By: Jeanette Mini, Vice President of Business Development The financial turmoil continues for hospitals and health systems as they struggle to find stability amid the ongoing Covid-19 pandemic. In 2020, 47 hospitals closed or filed bankruptcy; some were already facing…