tci Outpatient Facility Coding Alert - 2017 Issue 3

Financial Strategies: Apply 8 Benchmarks to Assess Your Surgery Center's Financial Health

Start with 2 or 3 key measures—use those to evaluate your top concerns. If you’re concerned about your ambulatory surgery center’s profitability, it’s a good idea to review your benchmarks. And it’s good to study in detail how benchmarking works for particular specialties, so that you can model general principals and measures, as appropriate in your ASC. Here’s a look at guidance on how to benchmark retina services in an ophthalmic eye care center. Background: Reimbursements for retinal procedures took significant hits in 2016, and even though CMS scrapped 2016’s proposed Medicare...

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