Reduce Costs and Improve Margins with Medical Billing and Coding Services for Anesthesia Practices
With declining reimbursements, stringent compliance demands and the emergence of ambulatory and specialty surgical centers, anesthesia practices are facing a challenging business environment. In addition to these challenges, practices also are facing new payment models due to the shift to value-based care. To survive under healthcare reform, you must focus on growing revenue, streamlining operations and receiving appropriate payment for anesthesia services.
At McKesson Business Performance Services, we’ve developed comprehensive revenue cycle management solutions dedicated to helping anesthesia practices compete in this changing healthcare environment. Our solutions are designed to help you better manage revenue cycle in the areas of billing, coding, compliance and collections, and ease your transition to value-based care.
Understand Your Revenue Cycle Like You Never Have Before
Our suite of anesthesia medical billing services enable you to select the level of support your practice requires, whether you need help on an ongoing, periodic or one-time basis. Over the years, we have developed and refined financial and productivity reports. From days in AR to productivity by location, physician or procedure, you can gain multiple perspectives on your practice and quickly identify trends, problems and opportunities.
Since the financial health of your practice is linked to the efficiency of your hospital’s operating room, McKesson tracks and reports utilization and throughput. This insight gives you the opportunity to suggest improvements to the facilities you cover. We can also help you negotiate preferred financial arrangements with the hospital that take into account your cost of providing complete operating room coverage.
We’ve assembled one of the industry’s largest teams of certified anesthesia coders. They receive ongoing training and testing to ensure their skills stay current with the latest regulatory changes. Staying informed and keeping you informed are hallmarks of our service where every McKesson client is assigned a dedicated account manager experienced in anesthesia practice management. Your account manager will meet with you regularly to assess your financial performance and discuss regulatory and reimbursement changes that affect your practice.
Helping Anesthesia Practices Improve Operations and Transition to Value-Based Care
Whether improving operations, growing your practice or evaluating opportunities driven by value-based care, McKesson provides anesthesia practices with the strategies and support they need to determine the next step to take.
Additional reporting and analytics tools can provide you with essential and timely detailed medical billing and accounts receivable data, so you can monitor business patterns, optimize operations and make informed decisions more effectively.
McKesson Practice Management Services can help your group manage daily revenue cycle, financial, accounting and operational functions more effectively. In addition, we offer a range of services that encompass critical practice functions such as strategic planning, growth management, medical practice management, operations, clinical care coordination, physician onboarding and integration, provider network management and more.
McKesson Practice Consulting helps practices evaluate and negotiate managed care agreements, provides advice on financial, strategic and administrative aspects of payer agreements, and helps practices evaluate periodic organization and expansion opportunities.