We’ve realized that ambulatory surgical centers (ASCs) get paid more than physician offices for some of the procedures we do. Our billers say we can just start billing as an ASC. I’m not so sure.
Question: We’ve realized that ambulatory surgical centers (ASCs) get paid more than physician offices for some of the procedures we do. Our billers say we can just start billing as an ASC. I’m not so sure.
Answer: Well, the definition of the ambulatory surgical center place-of-service code for CMS is “a freestanding facility, other than a physician’s office, where surgical and diagnostic services are provided on an ambulatory basis.” So it seems a little fishy to me.
Now, I’ve not had this issue come up before, so the billing team may truly have found some legitimate work-around, but I think it’s sure worth asking for proof.
My suggestion: Ask staff to justify their position. “Gosh, you know I really want to understand how this works. I see the definition is this. Please explain to me how we aren’t impacted by that. I’m really trying to expand my knowledge.”
See what you get and check it out.
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.