Hospitals & health systems embracing the outpatient industry are unlocking new revenue opportunities.
Avoid falling behind – take advantage of the changing tides by implementing software at your health system’s surgery centers that has been built specifically for ASCs.
The outpatient surgery sector is experiencing significant growth.
Impressive Cost Savings
Outpatient surgeries are generally less expensive than inpatient surgeries. Lower overhead costs, higher efficiencies, greater patient outcomes, and better reimbursement rates all contribute.
Shifting Payer Requirements
Changes in healthcare policies and insurance reimbursement models are continuing to favor outpatient surgeries. These policies encourage (or in some cases require) healthcare providers to shift suitable procedures to outpatient settings.
Patient Preference and Convenience
Many patients prefer outpatient surgery due to the convenience of recovering at home, which can be more comfortable and reduce the risk of hospital-acquired infections. The shorter time spent in medical facilities also means less disruption to patients’ daily lives.
Advancements in Medical Technology
Technological improvements in surgical techniques and anesthesia have made it possible for more complex procedures to be safely performed in an outpatient setting. Minimally invasive surgeries lead to quicker recovery times and lower risk of complications.
An Increased Interest in Joint Ventures
Due to all the revenue potential, there has been an uptick in hospital-owned ASCs and hospital-physician joint ventures. Joint ventures allow both entities to benefit from each other’s strengths while mitigating individual weaknesses, providing improved healthcare services in a more efficient and cost-effective manner.
The specialized needs of surgery centers require tailored solutions.
It’s crucial to recognize that the one-size-fits-all approach of hospital-centric software like Epic or Cerner will not align with the unique needs of your ASCs. Attempting to force a square peg into a round hole will only lead to wasted time, inefficient workflows, and staff frustration. Opting for software built specifically for surgery centers is a game-changer.
Tailored Functionality for Enhanced Performance
Unlike hospital software, our specialized software addresses the unique needs of surgery centers where every minute matters. Charts are simple, reducing clicks and saving time. Billing is streamlined, resulting in fewer claim denials and financial hiccups. Scheduling has never been easier, thanks to enhanced block time functionality and online OR requests. This represents only a small fraction of the entire scope of our software’s capabilities.
Improved Financial Management
The financial landscape of surgery centers is distinct. Specialized ASC software offers targeted billing and coding functionalities that are fine-tuned for these scenarios, including simplified lists of CPT Codes and automated denial management tools. This ensures more accurate reimbursement and reduces the likelihood of billing errors.
Compliance and Reporting Made Simple
Our software is developed with regulatory requirements in mind, providing features that simplify compliance. Additionally, our software’s reporting tools are specifically designed to meet the reporting needs of surgery centers, making it easier to maintain compliance and track performance metrics.
Reduce or Eliminate Unprofitable Cases
With HST Profit Forecast, surgery centers can automate and simplify case profitability estimations. By looking at their entire case schedule at a glance, ASCs can easily see their profit margin analysis for each case and are empowered to take next steps to improve or avoid unprofitable cases altogether.
Access ASC-Specific Benchmarking & Data
HST regularly publishes new data, and our annual State of the Industry Report leverages extensive ASC data to provide actionable insights for our clients. Additionally, we offer HST Data Stream, our premier data solution. This product enables quick access to raw data, facilitates seamless integration with BI tools, and allows you to easily analyze key metrics.
Enhanced User Experience
Software built for hospitals often comes with complexities and functionalities that are unnecessary for surgery centers, such as irrelevant chart requirements and counterintuitive page designs that don’t match actual workflows. This can lead to a steeper learning curve and decreased user efficiency. In contrast, surgery center software is intuitively designed for ease of use, ensuring that staff can focus on high case throughput rather than navigating cumbersome software.
Scalability and Flexibility
As your surgery center grows and evolves, you need cloud-based software that can adapt to changing needs. HST’s specialized software offers custom configuration options, web-based architecture, and dozens of integration options.
Focused Support and Updates
Finally, choosing software that is specifically for surgery centers means access to support teams who understand the unique challenges and operations of ASCs. Regular updates and enhancements are also more aligned with the evolving needs of surgery centers, ensuring that the software remains relevant and effective.
Bridge the gap between your hospital’s software and your ASC’s software.
HST’s interfaces are designed to connect your hospital’s systems with your surgery center’s systems, ensuring seamless data flow and cohesive operations. Our solutions not only enhance operational efficiency but also maintain the integrity and security of your data.
Your peers are seeing real results.
- Track & analyze critical metrics
- Improve their RCM workflows, resulting in lower denial rates, reduced days to pay, and higher patient collections
- AR targets by maintaining a 120-day AR below 15% (consistently registering at 9-10%)
- 50% reduction in claims processing time
Transition your ASC from reactive to proactive with our suite of software.
Joan Dentler – The Latest ASC Market Trends from Hospital LeadersHere's what to expect on this week's episode. 🎙️ The relationship between ASCs and hospitals is continuously evolving and expanding....
This Week in Surgery Centers: Joan Dentler – What to Know If You’re Considering a Hospital/Physician ASC Joint Venture
Joan Dentler - What to Know If You're Considering a Hospital/Physician ASC Joint Venture | This Week in Surgery CentersHere's what to expect on this week's episode. 🎙️ Joint ventures or...