Is Your ASC in Compliance with the No Surprises Act?
Patient consumers are here to stay.
As consumers, we are accustomed to knowing exactly what something is going to cost prior to committing to it. Seems like common sense, right? This is normal and expected in all aspects of our lives except for when it comes to healthcare – but not any longer. The patient mindset has changed and so has their expectations.
With options and research at their fingertips, patients are no longer willing to roll the dice when it comes to their bills. Patient responsibility is approaching 30%, so educated patients are seeking cost information prior to scheduling procedures.
Plus, by providing patient estimates prior to the date of service, you’re more likely to get paid quickly and in advance of surgery.
Price transparency is the new status quo.
Outside of the No Surprises Act, there are 30 states that have fair billing laws in place (have you seen what’s going on Indiana?) and there’s only more to come. There are not too many pieces of legislation that make it to Congress and receive large bipartisan support, but this act was one of them. You can be sure price transparency initiatives are here to stay.
HST Price Transparency, our industry leading estimation and authorization tool, guarantees 100% compliance with NSA requirements.
ASCs can easily comply.
While it may seem like the No Surprises Act is only in support of patients, these new regulations will have undeniable benefits for providers and facilities who embrace them. By meeting patient expectations and complying with the law, your ASC will benefit from increased revenue, happier patients and staff, and improved business office efficiency. Plus, with the right tools, you’ll also experience significant time savings, reduced payor denials, and increase case volume.