Is Your ASC in Compliance with the No Surprises Act?

Patient consumers are here to stay.

Would you ever get on a plane without knowing exactly how much your airfare was? Or would you ever order a dining room set online before seeing and approving a breakdown of what the table, chairs, delivery, and setup fees were going to cost? The answer is no.

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.

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Price transparency is the new status quo.

Patients, along with federal and state governments, are demanding change.

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.

Ready to learn more?

 

HST Price Transparency, our industry leading estimation and authorization tool, guarantees 100% compliance with NSA requirements.

ASCs can easily comply.

It may feel overwhelming learning about the No Surprises Act and it’s certainly difficult to find real, tangible next steps to take. Luckily, there are solutions out there such as HST Price Transparency, that can give you peace of mind and get your ASC in compliance. Our industry experts have been preparing for January 1, 2022 for a long time, and we’re here to partner with you to help you succeed. We already have 200+ ASCs in compliance right now.

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.

Let’s get your ASC in compliance

Looking for the specific legislation requirements around the No Surprises Act? Our experts have you covered.



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