Anesthesia Management Companies Can Improve Your Financial Position

Academic institutions, health care systems, large group practices, small practices and individual providers all use anesthesia management companies. Specialized teams of coders and billing experts, who focus on a variety of tasks, ensure the whole anesthesia process is done efficiently and quickly making billing run efficiently for your practice.

Choosing the right company can help maximize the financial position of your practice.

Compliance with all rules and speed are what anesthesia management companies can achieve through the following services:

Medical record management.
This is very important part of the process makes sure everything runs smoothly. A good record management system may even mean the difference between life and death in some cases, plus with good records you’ll have a better cash flow in your companies.

Data capture.
Quality, safe clinical care requires the collecting of information around near-miss and adverse outcomes. Proper anesthesia management systems put in place can make all the difference.

Charge reconciliation.
Don’t waste time hunting forms and information when knowledgeable professionals can do it for your in your companies.

Credentialing.
Many anesthesia practices use a credentialing specialist or electronic service to simplify the
process of establishing the qualifications of licensed professionals, organizational members or organizations, and assessing their background and legitimacy.

Diagnosis and procedure coding and compliance.
Choosing the right diagnosis and procedure codes is the key to reducing denials.

OR/billing system data reconciliation.
Billing and reconciliation is a challenge for any company. That’s why hiring knowledgeable people can be such a smart decision.

Inbound and outbound electronic data interchange services.
You’ll want to achieve a constant accurate flow of your inbound and outbound EDI data. Anesthesia management companies can do this for your practice.

Payment posting and underpayment analysis.
To ensure your companies reaches maximum potential, you need to be in complete control of the revenue flow. Accurate analysis can improve every part of the anesthesia process.

Accounts receivable follow-up.
Prompt and timely collection of accounts receivable helps you better control your cash flow. Our management team can handle doing follow-ups that can help identify trends and ways you can improve.

Denial management.
Receiving fewer denials from insurers is a good goal to have and denial management is a component of an effective revenue process for companies.

Payer contract compliance and enforcement.
Due to complex contract and reimbursement rules and methodologies, many practices lose money when payers make errors.

Billing preparation, submission, correspondence, and collections.
The knowledge needed to fulfill all these tasks properly requires time and skill, something billing professionals know how to manage and anesthesia management companies can take care of for you.

Professionals that work at anesthesia management companies are experts who have spent large amounts of time and effort to make sure their clients are satisfied with the solutions they provide. They have worked inside this specific industry long enough to know the most efficient processes to make running your own business a breeze.

Anesthesia Resources is a anesthesia management company with extensive experience to provide the total solution for anesthesiologiest that want to do work and get paid, not manage paperwork all day. Contact us today and let us help you asses your needs.