Is your facility prepared for the new world of APCs?
In 2008, Medicare will start to phase in the ambulatory payment classification (APCs) payment methodology for ambulatory surgery centers (ASCs). The new system has the potential to dramatically affect the profitability of your organization, and you must prepare for it.
A clear, concise, easy-to understand explanation of APCs
Using layman’s terms, APCs for ASCs: Strategies for Success Under the New Payment System provides you with strategic guidance to help you make a smooth transition from the Outpatient Prospective Payment System. You’ll learn all about the APCs payment methodology and how to assess the effect of reimbursement changes on your organization’s profitability.
APCs are being phased in over the next four years, and your facility will need to budget and plan for the “new world” in the coming years. Author John J. Goehle, MBA, CASA, CPA will help you:
- Comprehend the background of Medicare reimbursement in ASC’s in order to provide a historical perspective of the new system
- Recognize the important points with a summary of the new rule
- Recognize how rates are computed under APC
- Minimize the reductions and potential losses in profitability the new system may cause, and take advantage of any new opportunities it may afford you
- Budget for Medicare revenue with helpful tools and discussion
- Remain up to date on Medicare reimbursement and identify how to find and use future rate updates
- Understand additional billable services available under the new system
Ensure you’re prepared and profitable once the changes take hold
A strategy for planning and budgeting is imperative for your organization to navigate the introduction of APCs. With APCs for ASCs, you will know what to expect over the next four years, you will be able to develop an approach for competent financial management, and you will learn how to operationalize the new APC payment methodology.
About the author
John J. Goehle, MBA, CASA, CPA is the Vice President of Finance for Surgery Consultants of America (SCA) based in Fort Myers, Florida. He is responsible for the financial management and reporting of all SCA-managed facilities. Prior to joining SCA, John developed and managed two ASCs in Rochester, N.Y.
John is the author of Finance Management Made Easy – Strategies for Ambulatory Surgery Centers, published by HCPro in 2005. He also co-authored both the first and second editions of ASCA’s (formerly FASA) book Finance and Accounting for ASCs.
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