Medical Strategic Planning: Creating an Anesthesia Practice Strategic Plan
Every type of practice should complete medical strategic planning. Creating this plan helps you determine the future of your practice and allows everyone involved to understand the goals of the group. When it comes to creating an anesthesia practice strategic plan –...
Anesthesia Medicare Programs: QPP 2020 Updates
The Centers for Medicare & Medicaid Services (CMS) are at it again! They have revised their payment policies under the Physician Fee Schedule (PFS) and included proposed changes on how the government will pay anesthesiologists participating in the Quality Payment...
Steps to Securing Anesthesia Independence
The current anesthesia healthcare environment is changing at a rapid pace. In a world of constant consolidation, it can be difficult to hold onto your independence – but it is possible. Here are some steps you can take to secure your anesthesia independence. Want all...
What to Look for When Choosing Anesthesia Management Services
Many anesthesiologists today strive to hold onto their independence. They want to make their own decisions on important financial issues, and they prefer to leave the daily demands of running a lucrative practice to qualified practice management partners. This...
Understanding the Anesthesia Healthcare Environment
The media is inundated with articles on the consolidation of healthcare. According to these posts, all physicians, including anesthesiologists, are under pressure to sell their practices and join larger groups. While this is a trend we are seeing – it doesn’t have to...
The Future of Anesthesiology: What Anesthesia Providers Can Expect?
Where do you see yourself five years from now? We often hear this question during interviews, but it seems cliché to ask an independent anesthesia provider who most likely plans on continuing to run their practice or retire. However, as the healthcare market continues...
Anesthesia Billing: Fixed-Price Billing Model for Regional Hospitals
As financial uncertainty for regional hospitals increases, fixed-price options are increasingly important. Anesthesia billing is different from other types of medical billing. Additional conversion factors, time factors, modifiers, and more make it extremely...
Anesthesia Revenue Cycle Management: Improve Anesthesia RCM Processes
Finance and health are two complex fields on their own. And we know you’re busy. Your main focus should be on your practice and patients. However, having a basic understanding and knowing the tricks-of-the-trade when it comes to anesthesia revenue cycle management...
Independent Anesthesia Practice: How to Hold onto Your Independence
It’s no secret that physicians across the country are struggling to remain independent. More than ever before, doctors are leaving their independent practices to join larger groups and hospitals – and anesthesiologists are no exception. However, it doesn’t have to be...
Payor Mix: Why it Matters for Your Anesthesia Practice
Reimbursements for anesthesia services from insurance companies, Medicare, and private sources are on the decline. This means anesthesiologists across the country have to work smarter to ensure their receivables will cover the costs needed to keep their practices...
Billing Anesthesia: It’s Harder Than It Seems
Billing anesthesia services involves a lot more than just correctly coding and submitting clean claims and collecting payments. Billing anesthesia requires specialty-specific expertise and detail-oriented coding specialists, coupled with a relentless reconciliation...
Surprise Anesthesia Medical Billing: Understanding the New Surprise Billing Legislation
Surprise billing has been a long-time issue and continues to persist at insurance becomes increasingly complicated. Post-treatment patients are often shocked to learn that a doctor that they worked within their normal office or hospital setting isn’t covered by...
Anesthesia Documentation: Maximize Revenue with Proper Documentation
To maximize practice revenue and payment from payors, your billing company must submit clean claims. For general billing, this is a fairly simple practice but when it comes to anesthesia billing the complications increase tenfold. Here are some reminders about common...
Hospital Anesthesia Billing: Hospital Billing Process
Anesthesia departments need specialized hospital anesthesia billing services. Hospitals that use a single service for all of their billing, whether contracted or in-house rely on systems and expertise that has been optimized generally across departments and...
Hospital Anesthesia Billing: You Need Specialized Services
Hospital anesthesia departments require specialized hospital anesthesia billing services. Hospitals that utilize a single service for all of their billing are missing out on 5-15% of their potential revenue. Why? Because hospital systems and billers are typically...
Independent Anesthesia Group Practice
Doctors across the country are struggling to maintain their independence. According to RevCycle Intelligence, 31.4% of doctors identified themselves as owners or partners of independent practices in 2018. This is the lowest number since the survey was started in...
CRNA Billing: How to Maximize Revenue
Billing for CRNA services is complex. Besides the additional complications that arise with the anesthesia specialty, there’s also a dirty secret in the medical billing industry. It’s the reason that most CRNAs and anesthesiologists are losing 5-15% of their earned...
CRNA Billing: Submitting a Clean Claim and Reconciliation
CRNA billing is not simple. It’s a tedious process that requires the right people, the right systems, and the right expertise to do it right. At the core of the process is a correctly coded claim and without it, there’s no way you can maximize revenue. Here’s how it...
CRNA Billing: Here’s What You Need to Know About Billing for CRNA Services
Billing for CRNA services should be easy. In a perfect world, procedures would be completed and submitted to billing with little headache. CRNA billing should like something like this: Services are performed Notes are compiled (by hand or through an EHR) and sent to...
Anesthesia Quality Reporting: The Financial Reality
Want more information on anesthesia quality reporting? Download the compelte eBook There has been a lot of debate as to whether practices should implement anesthesia quality reporting. One of the primary financial drivers of this type of reporting is Medicare. You may...
Perioperative Surgical Home: What is the Perioperative Surgical Home Model?
The healthcare industry is constantly looking for ways to improve population health and provider better patient care while cutting costs. With US healthcare costs on the rise, this seems like a nearly impossible task. However, a new type of care model is providing a...
Insource or Outsource Anesthesia Billing: Anesthesia Billing Part 2
This is part two of a multi-part series on setting up an anesthesia practice and deciding if you should insource or outsource your anesthesia billing. In this post, we will help you understand the pros and cons of insourcing or outsourcing anesthesia billing so you...
Anesthesia Payor Contracts: What Hospitals Need to Know
As a hospital, it is important to understand certain elements of anesthesia payor contracts. The cost for hospitals to provide quality medical care continues to rise while many sources of revenue are decreasing. It’s critical to ensure that all appropriate...
Understanding Key Anesthesia Metrics | The Impact of Payor Mix
When managing an anesthesiology practice focusing on what matters most increases your chances of financial success. Through our work with practices of all sizes across multiple geographies, we’ve identified the anesthesia metrics with the greatest impact on...