Outpatient Surgery Magazine

Queasy Feeling - April 2017 - Subscribe to Outpatient Surgery Magazine

Outpatient Surgery Magazine, providing current information on Surgical Services, Surgical Facility Administration, Outpatient Surgery News and Trends, OR Excellence and more.

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A P R I L 2 0 1 7 • O U T PA T I E N TS U R G E R Y. N E T • 3 5 3 Places to Look for Hidden Revenue You're likely to find income stashed away in these unexpected places. C hances are you're missing out on at least a few opportunities to increase cash flow — all because you're not looking in these 3 unlikely places. Ancillary pro- cedures. These are the additional sources of revenue for serv- ices provided outside of standard OR charges or procedure revenue: imag- ing, lab and neuro-monitoring. Good documenta- tion is the first step to capturing this revenue. This depends on a clear communication loop among the OR, materials management and the business office (see "Growing Revenue Is a Team Sport"). For some revenue sources, specifically those for contracted services such as neuro-monitoring, study your agreement with the service provider to determine whether your facility or the service provider will bill for the service. In addition, know whether you're billing for the technical component (TC modifier) or the professional and techni- cal component (no modifier). Clearly outline documentation of the services in the patient chart, and establish a system for communicat- ing this to billing. Physician documentation of a C-arm, ultrasound or other imaging used during a case is critical. These services are typically billed for technical component only (TC modifier). Understanding payer guide- 1 Coding & Billing Rebecca Geise

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