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Fall 2011 The Benefits of Outsourcing Your ASC’s Billing IT Talk: Cloud Computing – A Nebulous Concept Made Simple Meaningful Use and its Impact on Ambulatory Surgery Centers Improving ASC Performance Through Data Analysis Brought to you by Inside Source What ASC Professionals Know Follow us on:

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What ASC Professionals Know. Cloud Computing, Meaningful Use, and more....

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Page 1: Inside Source Fall 2011 Magazine

Fall 2011

The Benefits of Outsourcing Your ASC’s Billing

IT Talk: Cloud Computing – A Nebulous Concept Made Simple

Meaningful Use and its Impact on Ambulatory Surgery Centers

Improving ASC Performance Through Data Analysis

Brought to you by

Inside SourceWhat ASC Professionals Know

Follow us on:

Page 2: Inside Source Fall 2011 Magazine

An ASC PerspectivePatrick Doyle, VP of Sales SourceMedical Surgery Division

In many instances, compromising is not only necessary but proper. In the summer of 2011, the President and Congressional leaders compromised on matters

regarding national fiscal policy to achieve a more stable economic environment. Additionally, National Football League owners and players came to a compromise in their labor dispute to ensure that football would be played on Sundays beginning in September. In both instances, a compromise was at once predictable and necessary to achieve the long-term objectives of all parties involved. Question: When is compromising neither necessary nor appropriate? Answer: When setting a standard of excellence. This ideal should be applied to most, if not all, professional endeavors, and we ask surgery centers considering an IT system to consider this as they conduct system evaluations.

With roughly 6,000 surgery centers nationwide, more than half of these centers implement clinical and business information systems not designed to handle the unique aspects of a surgery center. Medical billing systems not designed with an ASC’s unique requirements in mind cannot handle electronic preference cards or provide case costing information and compromise a facility’s ability to maximize revenue and reduce costs. Similarly, clinical applications not designed for a surgical environment or applications which cannot handle multiple specialties compromise the most significant and important aspect of any surgery center: patient care.

As the leading provider of clinical and business systems to surgical facilities, SourceMedical offers affordable IT solutions to surgery centers not willing to compromise. By fulfilling our commitment to leverage evolving technology and web platforms, our more than 2,200 surgical facilities experience higher system satisfaction and faster return on investment than can be experienced with any other vendor’s solutions. We have flexible purchase options that avoid large upfront investments and allow facilities to immediately realize the benefits of ASC software. I invite you to contact me and join your many colleagues that are experiencing these benefits firsthand.

Patrick DoyleVP of Sales

WELCOME

Inside SourceWhat ASC Professionals Know

in this issue:

WELCOMEAn ASC Perspective ....................................1

IT TALK Cloud Computing – A Nebulous Concept Made Simple ...............................................2

BUSINESSThe Benefits of Outsourcing Your ASC’s Billing ..........................................................3

Meaningful Use and its Impact on Ambulatory Surgery Centers ......................8

TECHNOLOGY Improving ASC Performance Through Data Analysis .......................................................9

SourceMedical is the largest provider of outpatient information solutions and services for outpatient ambulatory surgery centers, specialty hospitals, and rehabilitation clinics nationwide. With 30 years of real-world experience, more than 5,000 satisfied customers, and the confidence of more than 250 consultants and management companies, SourceMedical offers the broadest range of solutions and enhancements available to the industry. The company’s unique end-to-end systems improve operational efficiency and cash flow while enabling healthcare facilities to capture, exchange, and analyze data to deliver a higher standard of patient care. For more information, please visit www.sourcemed.net.

2011 UPCoMINg EvENTS SCHEDULE10/3 PASA Annual Meeting

Radisson Hotel Harrisburg-Hershey, Camp Hill, PA

10/3 NYSAASCDesmond Hotel & Conference Center, Albany, NY

10/5 OR ExcellenceManchester Hyatt, San Diego, CA

10/13 WASCA Annual Education ConferenceTulalip Resort & Spa, Tulalip, WA

10/15 IAASC Annual Conference Marriott, West Des Moines, IA

10/27 18th Annual ASC ConferenceWestin Michigan Avenue, Chicago, IL

11/2 KAASC Annual Education ConferenceCapitol Plaza Hotel, Topeka, KS

11/10 TASCS Annual ConferenceWestin Riverwalk, San Antonio, TX

11/10 MASA Education DayGrand Traverse Resort, Traverse City, MI

11/14 AASA Annual Ambulatory Surgery ConferenceGilbreath Conference Center – Baptist Medical Center, Little Rock, AR

2012 UPCoMINg EvENTS SCHEDULE2/24 McDermott’s ASC Symposium

NJAASC Quarterly Meeting, Miami, FL4/25 CASCA Annual Spring Conference5/9 ASCs 2012

Gaylord Texan, Dallas, TX6/14 Annual Orthopedic, Spine and Pain

Management-Driven ASC ConferenceWestin Michigan Avenue, Chicago, IL

Page 3: Inside Source Fall 2011 Magazine

Fall 2011

Cloud Computing – A Nebulous Concept Made SimpleScott Palmer, President and COO, Surgery Division

Let’s assume you are an administrator of an ambulatory surgery center. You focus on

providing outstanding patient care and meeting the needs of your surgeons and staff. Part of your staff commitment is providing the right hardware and software for your staff to manage the daily operational needs of the facility while providing you with the right information to make informed decisions and provide accurate and timely information to your Board.

You understand basic computing concepts and have become adept at using office productivity software, but by no means do you consider yourself an IT expert. You worry about maintaining the hardware and software that exists on your staff ’s desktops, performing backups, installing upgrades, security and HIPAA, periodically replacing hardware, repairs, and more. However, you cannot afford to pay a full-time IT resource so you use a third party to help with these activities. And while there are many great companies to choose from, this can become an expensive proposition.

What’s the Solution?There has been tremendous advancement in communication capabilities over the Internet and rapid growth in the number of companies serving up applications that are remotely housed and managed. Cloud computing and its counterpart “software as a service” describes the ability to replace the classic client-server model with the ability to access software without having any locally installed applications.

Companies like SourceMedical have partnered with leading hosting companies to make their services available. ASCs can securely access Vision and Vision EHR for a reasonable monthly fee that covers all equipment and software costs. Your software vendor is responsible for performing upgrades, monitoring the applications and servers, performing daily backups, and providing 100% of the server side support. Just as importantly in a clinical environment, the applications are available at all times (99.9% uptime) through redundant hardware and software that is transparent to the end-user in the event of a failure.

To connect to the Cloud, facilities are responsible for accessing the Internet, providing PC workstations, tablet devices, printers, and scanners. Thin client workstations which have no moving parts and can be purchased for as little as $250 are replacing the traditional PC workstation. Users may also use software to connect devices such as the iPad to the Cloud as well.

If you access Google applications or email via AOL or Yahoo via a browser, then you are already Cloud computing. We have learned through experience to trust these applications so companies are shifting more intensive applications to the same model. We see a shift to off-premises computing as a trend that will benefit ASCs in the years ahead. For more information on Cloud Computing using Vision, please contact us at 866-675-3546 or email us at [email protected].

IT TALK

2

Page 4: Inside Source Fall 2011 Magazine

3

Fall

2011

The Benefits of outsourcing Your ASC’s BillingScott Stone, COO & President, Revenue Cycle Solutions Division

BUSINESS

This ASC is a freestanding, joint-ventured multi-specialty center that handles 350 cases a month. The Medicare-certified center is owned by seven physicians and the local hospital which owns 51%. It is self-managed by the governing body.

During its first 14 months in operation, the surgery center experienced a negative cash flow. SourceMedical’s Revenue Cycle Solutions (RCS) team was brought onboard to evaluate and aid in resolving business office inefficiencies related to the billing process and to determine if the surgery center met billing compliance guidelines. A full financial and business office evaluation was performed. Initial findings were obtained during the on-site evaluation while the improvements were achieved after 12 months of reimbursement management. Revenue-affecting issues were resolved as a result of the following observations.

Observations:Inconsistent Fee Schedule – A fee schedule evaluation revealed most fees were lower than Medicare/BCBS allowances for the ASC’s geographic locality. The fee schedule was based on physician DRGs rather than Medicare allowances or cost per case. There was no consistency in fees.

Low Managed Care Rates – The surgery center’s managed care contracts had low rates and unfavorable terms for an area with little managed care penetration. Market standard in the area revealed rates based on percentage of billed charges; however, most of the center’s managed care reimbursement was based on Medicare groupers.

Non-compliant Coding – Coding was being performed by an inexperienced coder; multiple coding errors resulted in both over- and under-charging of claims.

From a financial standpoint, outsourcing your billing, coding, and collections can have a dramatic effect on your bottom line. Utilizing the services of highly experienced back office staff, your facility can expect to:

w Receive the maximum reimbursement for all procedures

w Ensure claims are being submitted error-free, reducing denials and delays in reimbursement

w Improve A/R days which will provide faster access to your cash

w Receive assistance with managed care contracting negotiations

w Decrease internal costs associated with salaries, benefits, and training

Beyond the financial benefits, there are many other reasons outsourcing your billing makes sense. Finding and retaining qualified coders, billers, and collectors isn’t easy. By outsourcing your billing, disruption caused by staff turnover and training is avoided. Utilizing a billing service provider also helps ensure your operations are compliant with all current regulatory requirements including OIC, HIPAA, and state and federal requirements.

When looking for a provider, a proven track record in the ASC market and certified coders should be a top priority. Make sure the provider has the ability to seamlessly integrate their billing services with your existing clinical and management software system. Seamless integration provides complete visibility into your accounts and allows progress to be monitored real-time. Additionally, the provider should offer a toll-free number for your patients. Having a service that answers all billing questions will free your staff to spend more time on what matters most: patient care. To fully understand the many benefits associated with outsourcing your billing, coding, and collections, please see the case study below.

CASE STUDYHow One ASC Improved Compliance, Cash Collection, and RevenueCASE STUDY

HOW ONE ASC IMPROVED COMPLIANCE, CASH COLLECTIONS AND REVENUE (ABBREVIATED VERSION)

Surgery Center is a freestanding, joint-ventured multi-specialty center that handles 350 cases a month. The specialties served include ENT, GI, Ophthalmology, Orthopedics, Podiatry and Pain Management. The Medicare-certified center is owned by seven physicians and the local hospital, which owns 51%. It is self-managed by the governing body.

During its first 14 months in operation, the center had experienced a negative cash flow. SourceMedical’s Revenue Cycle Solutions (RCS) team was brought onboard to evaluate and aid in resolving business office inefficiencies related to the billing process and to determine if the center met billing compliance guidelines. A full financial and business office evaluation was performed by the RCS team to assess the revenue cycle and determine any billing compliance issues. Initial findings were obtained during the on-site evaluation, while the improvements were achieved after 12 months of reimbursement management. At the time of the evaluation the center was facing numerous challenges. Each problem affecting revenue was addressed separately, with the following recommendations for correction.

Observation: Fee schedule was inconsistentFee schedule evaluation revealed that most fees were lower than Medicare/BCBS allowances for the ASC’s geographic locality. Fee schedule was based on physician DRGs rather than Medicare allowances or cost per case. There was no consistency in fees.

The RCS team recommended a complete review of the fees, provided the center with a copy of Medicare allowances, showed them how to do a mark-up based on these fees, and provided information about case costing.

Observation: Low Managed Care RatesThe ASC’s managed care contracts had low rates and unfavorable terms for an area with little managed care penetration. Market standard in the area revealed rates based on percentage of billed charges. However, most of the ASC’s managed care reimbursement was based on Medicare groupers. Some contracts were invalid as the governing body had not approved them.

RCS recommended the surgery center join a local Physician-Hospital Organization and have them assist in re-contracting. The ASC also cancelled five major contracts whose reimbursement was based on Medicare rates.

Continued Inside...

Page 5: Inside Source Fall 2011 Magazine

Fall 2011

Past Due Billing – The coder also handled billing and often fell behind. All claims were submitted on paper – no electronic filing and no cross-checking was done to ensure all claims were filed.

No claim follow-up – There was not a single collector or follow-up on submitted claims. The payment poster did not have a copy of the insurance contracts, and payments were accepted as correct.

There was a large amount of unbilled revenue due to coding errors, and multiple procedures were often unbilled. Claims receiving no payment or incorrect payment were not revisited. Thirty-seven percent of total accounts receivable were greater than 150 days old.

Insufficient Insurance Information – The scheduler was not using a list of Medicare ASC-allowed procedures nor did they have insurance information on the center’s contracts.

Patient Responsibility Communicated – Patients were not notified in advance about deductibles and co-pays. Medicare requires that patients are apprised of their financial responsibilities prior to the day of surgery and need to acknowledge that they have been informed with a written signature.

Following the Evaluation:The RCS team provided the governing body with a detailed list of recommendations; the surgery center made the necessary changes including outsourcing their coding and billing to the RCS team.

Changes in Revenue – Within the first 90 days of RCS involvement, the surgery center was operating in the black for the first time. Gross charges tripled, average gross charges per case doubled, collections increased more than 250%, and profits increased more than 400%.

Eighteen Months Later Under the direction of the RCS team with assistance from surgery center staff, the following achievements resulted:

w Increase in gross revenue – Within 18 months, the annual gross revenue increased from $4,680,781 to $ 13,224,387 indicating a 182% increase in annual gross revenue.

w Increase in net revenue – During this same time period, the annual net revenue increased from $2,067,246 to $4,597,145 which indicates a 122% increase in annual net revenue.

w Increase in cash collections – During this same time period, the increase in annual cash collections increased from $1,549,008 to $4,768,328 - a 208% increase in annual cash collections.

w Elimination of billing backlog – All billing was audited for errors, and refunds were issued for overpayments along with submission of a corrected claim. Claims were resubmitted for underpayments. If timely filing was an issue, appeals were filed to collect the claim citing new center problems. All claims were followed up on by collectors and resubmitted when the payer did not have a record of receipt. Accounts receivable was brought up to date. Going forward, all claims were submitted and followed up on in a timely basis.

w Compliance in billing – The RCS team’s certified coders and experienced billing staff reviewed all questionable claims and payments; the necessary corrections were made; and payers and patients were notified.

4

About SourceMedical

SourceMedical is the premier provider of outpatient information

solutions and revenue cycle management services for ambulatory

surgery centers, speciality hospitals, and rehabilitation clinics

nationwide. With a 30-year track record and more than 5,000

satisfied customer, SourceMedical is the trusted source for unique,

end-to-end systems improve operational efficiency and cash flow

while enabling healthcare facilities to deliver a higher quality of

patient care.

05/11

Following are charts which reflect the improvements made in the Center’s results after

partnering with Source Medical Revenue Cycle Solutions and utilizing Revenue Cycle

Management :

$4,680,781

$9,413,284

$13,224,387

$2,067,246

$3,905,406$4,597,145

$0.00

$2,000,000.00

$4,000,000.00

$6,000,000.00

$8,000,000.00

$10,000,000.00

$12,000,000.00

$14,000,000.00

Gross Charges

Net Charges

Year 1 - No Year 2 - Part Yr Year 3 - Full YrRCS Involvement RCS Involvement RCS Involvement

COMPARISON GROSS AND NET CHARGES BEFORE /DURING/AFTER RCS BILLING

Figure 1.

$1,549,008

$3,115,526

$4,768,328

$-

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

COMPARISON CASH COLLECTIONS BEFORE AND DURING RCS BILLING

Year 1 - No Year 2 - Part Yr Year 3 - Full YrRCS Involvement RCS Involvement RCS Involvement

Figure 2.

4

About SourceMedical

SourceMedical is the premier provider of outpatient information

solutions and revenue cycle management services for ambulatory

surgery centers, speciality hospitals, and rehabilitation clinics

nationwide. With a 30-year track record and more than 5,000

satisfied customer, SourceMedical is the trusted source for unique,

end-to-end systems improve operational efficiency and cash flow

while enabling healthcare facilities to deliver a higher quality of

patient care.

05/11

Following are charts which reflect the improvements made in the Center’s results after

partnering with Source Medical Revenue Cycle Solutions and utilizing Revenue Cycle

Management :

$4,680,781

$9,413,284

$13,224,387

$2,067,246

$3,905,406$4,597,145

$0.00

$2,000,000.00

$4,000,000.00

$6,000,000.00

$8,000,000.00

$10,000,000.00

$12,000,000.00

$14,000,000.00

Gross Charges

Net Charges

Year 1 - No Year 2 - Part Yr Year 3 - Full YrRCS Involvement RCS Involvement RCS Involvement

COMPARISON GROSS AND NET CHARGES BEFORE /DURING/AFTER RCS BILLING

Figure 1.

$1,549,008

$3,115,526

$4,768,328

$-

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

COMPARISON CASH COLLECTIONS BEFORE AND DURING RCS BILLING

Year 1 - No Year 2 - Part Yr Year 3 - Full YrRCS Involvement RCS Involvement RCS Involvement

Figure 2.

4

Page 6: Inside Source Fall 2011 Magazine

5

Fall

2011

Making the decision to outsource your Revenue Cycle Management is one which can have a profound impact upon your ASC’s results. As such, it should be trusted only to someone with a proven track record who truly understands your business. Achieving results as shown above requires deep domain expertise, highly trained and dedicated professionals, well-defined and proven processes, and a real focus on results. SourceMedical’s RCS team embodies just that - “ASC Billing Done Right”.

To learn more about RCS and how we can impact your center’s financial performance, call us at 866-889-7722, email us at [email protected], or visit http://sourcemed.net/revenue-cycle/.

(continued from page 4)

The Benefits of outsourcing Your ASC’s Billing

Gross charges tripled, average gross charges per case doubled, collections increased more than 250%, and profits increased more than 400%.“ ”

is now

Improve your Financial Results and Eliminate your Billing Concerns

“Business is all about trusted relationships, and we have forged such a relationship with SourceMedical. They are reliable, professional, courteous, and have helped us navigate some very complex waters over the years. Without hesitation, I would recommend their ASC Billing Services to anyone – particularly if you are seeking to improve your top and bottom line.”

- Mark E. Smith, Chief Administrative Officer Orthopedic Associates of Wisconsin

ASC Billing Done Right Deep ASC billing domain expertise means that your surgery center receives maximum reimbursement for all procedures. Whether “in network” or “out of network”, we are focused on quality processes and positive outcomes for every client. Complete Revenue Cycle Management by a Proven Leader Insurance verification, coding, collections, appeals and denials management, and customized reporting – all from the industry leader in ASC Software and ASC Billing Services. We provide each client a dedicated team of functional experts, ensuring continuity and eliminating disruptions in your revenue stream.

To Learn More:w 866-889-7722 w [email protected] www.sourcemed.net/revenue-cycle

Page 7: Inside Source Fall 2011 Magazine

Fall 2011

The Sounding BoardA Source for Voicing Your ASC Insights

The Sounding Board’s mission is to gather feedback, insights and opinions from you, the ASC experts, on the latest news, trends and outlook facing our industry today, and to publish the best of your insights to help benefit our peers.

We’d like to hear from you. Selected feedback/insights will be recognized in SourceMedical’s newsletter, magazine or website, as well as submitted for publication. To show our appreciation, authors will be awarded a $500 gift card. Deadline for submissions is April 30, 2012.

fEEdBACK

What are your thoughts on the healthcare reform?

What impact do you believe it will have on the ASC Industry?

What top 3 operational concerns do you have for the future of ASCs?

1.

2.

3.

Your Name: ______________________________________________________________________________

Your Title: _______________________________________________________________________________

Your Phone: ______________________________________________________________________________

Best Date/Time to Reach You? _______________________________________________________________

Facility Name: ____________________________________________________________________________

Facility Address: __________________________________________________________________________

City: ______________________________________State: ________________ Zip: _____________________

Please fold your completed feedback form on the dotted line, tape the bottom and mail. No need for postage. You may also fax back to 205-278-1416 or go to our website

at http://sourcemed.net/surgery/sounding-board-feedback.php to complete the form on-line. 6

Page 8: Inside Source Fall 2011 Magazine

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Page 9: Inside Source Fall 2011 Magazine

Fall 2011

Meaningful Use and its Impact on Ambulatory Surgery CentersGary Clark, Regional Vice President of Sales, Surgery Division

BUSINESS

Every day I speak with ambulatory surgery center (ASC) clients and prospects regarding

the American Recovery and Reinvestment Act of 2009. These conversations typically focus on the almost $26 billion available for health information technology (HIT) and how it impacts their facilities and physicians.

I find that most of the surgeons, medical directors, and administrators I speak with understand that the Medicare and Medicaid EHR incentive programs provide incentive payments to eligible professionals (EPs), hospitals, and critical access hospitals (CAHs) that demonstrate meaningful use (MU) of certified EHR technology. They are also painfully aware that ambulatory surgery centers themselves are not eligible for these incentive payments. The one thing I disclose, which most people are not aware of, is that patient encounters in an ambulatory surgery center can be included when calculating an EP’s meaningful use attestation.

According to the CMS website, “EPs who practice in multiple locations must have 50 percent or more of their patient encounters during the reporting period at a practice/location equipped with certified EHR technology. Every patient encounter in all Places of Service (POS), except a hospital inpatient department (POS 21) or a hospital emergency department (POS 23), should be included in the denominator of the calculation, which would include patient encounters in an ambulatory surgical center (POS 24).”

So what does this mean for your ambulatory surgery center? If you have a certified EHR, you can help your EPs achieve their meaningful use attestation which, in turn, will allow them to be eligible for incentive payments. There are a total of 25 MU objectives for EPs. A certified EHR must meet all 25 measures, and EPs must attest to a minimum of 20 of these measures to qualify for an incentive payment. For a complete list of all MU core measures, please visit www.cms.gov/EHRIncentivePrograms.

As you review this complete list, you will see that a certified EHR can easily accommodate these 25 measures in your ambulatory surgery center. Some examples include:

w A computerized provider order entry (CPOE) module allowing EPs to meet meaningful use when ordering medications; maintaining a list of active medications and medication allergies;

w An embedded drug-drug/drug-allergy interactions module;

w And the ability for EPs to maintain an up-to-date problem list.

In conclusion, though it is true that ambulatory surgery centers are not directly eligible to receive incentive payments through the Medicare and Medicaid EHR incentive programs, they can still positively contribute to their EPs’ attainment of MU by having a certified EHR deployed at their facility.

For more information about HITECH-EHR, please visit our website at http://sourcemed.net/hitech-surgery/. If you would like to learn more about SourceMedical’s certified EHR solution, please visit http://sourcemed.net/vision/.

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Page 10: Inside Source Fall 2011 Magazine

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Fall

2011

Improving ASC Performance Through Data AnalysisTyler Strain, Senior Account Executive, Surgery Division

Over the course of eight years I have worked with over 600 ASCs, both independently-

owned and corporate-managed, in establishing, executing, and maintaining data analytic strategies with the single goal of improving performance.

The term ‘data analysis’ can be defined as the process of gathering, inspecting, cleansing, transforming, and modeling data with the goal of highlighting useful information to support effective decision making. Paramount to this process is ensuring both proper data collection standards are in place and an ability to extract the data in a way which allows a center to measure the critical areas within its ASC.

The key to proper data analysis is ensuring the data is relevant and actionable. Well-run centers need to clearly establish performance goals in all areas of operations and implement data collection strategies which measure a facility’s outcomes. Fundamental to this process is empowering your staff with the proper tools to both collect and extract these performance metrics. There are powerful business analytic, reporting, and benchmarking products that work in conjunction with your ASC management software to enhance the data collection and extracting process. Examples of these products are

SourcePlus Business Intelligence and SourcePlus EdgeSurvey available through SourceMedical.

So the question becomes what specific data points are relevant to my ASC’s operations? Based on our experience in working with the leading independent facilities, consultants, and over 200 management companies, here are some suggested key data points to analyze to help with improving performance:

w Scheduling: Identify any gaps in the schedule and ensure block times are being used appropriately. The center may be able to consolidate cases or release staff early. Emphasis should also be placed on cases that are profitable (based on procedure and payer).

w Supply Management: Management software in your ASC should be able to track supply costs and confirm pricing against your supply contracts. Additionally, point-of-care documentation should include the status of each supply item scheduled to be used on the pick list. The ability to track supplies that have been used, returned, or wasted is paramount to controlling your inventory overhead.

TECHNOLOGY

Page 11: Inside Source Fall 2011 Magazine

Fall 2011

w Cost per Case: Point-of-care supply tracking will enable your facility to track the total costs of a case. With declining reimbursements, well-run centers are looking at costing analytics as a way to combat shrinking revenues.

w A/R Days: Ensure a baseline goal for days in A/R has been established and monitor for any outliers or identification of any negative trends.

w Clinical Times: Time is money; accurately record clinical times and analyze the efficiency of the clinical staff/physicians by OR.

w Net Revenue: Analyze and trend variances in revenue by specialty and physician. Variances may be occurring with the same specialty when performing the same procedures. Once the causes

of the variances are identified, best practices can be identified and implemented.

w Case Volume: Analyze case volume by physician to identify any trends in caseloads. This allows the center to identify key physicians that are driving the business and those that are not performing up to expectations.

These are just a few examples of the relevant data points that need to be analyzed on a regular basis. There is a wealth of information residing in your ASC management software that your staff collects on a daily basis. Take action now and leverage this information through the available data analytic tools to drive better performance in your center.

To learn more about SourceMedical’s business analytics and reporting tools, please visit our website at http://sourcemed.net/vision/sourceplus/sourceplus-business-intelligence-bi/ and http://sourcemed.net/sourceplus/sourceplus-edgesurvey/.

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At Cardinal Health, we focus on making healthcare more cost-effective so our customers can focus on delivering exceptional care to their patients.

Renownedforourexceptionalquality,valueandservice,we’reproudtohaveapresenceinoneofeveryfoursurgerycentersacrossthecountry.Weoweourtrackrecordtoasimplephilosophy—deliveringonourcustomers’immediateneedsandbeingsupportiveoftheirlong-termsuccess.

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Page 12: Inside Source Fall 2011 Magazine

TM

866 North Main St. ExtensionWallingford, CT 06492

www.sourcemed.net

SC6400

Don’t compromise when making your EHR decision.Partner with the company ASCs choose more often than all others combined.

w Vision EHR is certified as a Full Inpatient EHR system and validates our commitment to meeting the highest industry standards for an EHR application

w Is fully integrated into the workflow, security, and reporting of your management system w Has specialty-driven chart templates and is customizable w Promotes best practices for workflow and achieves high user acceptancew Ensures consistent and thorough clinical documentationw Eliminates costly document storagew Helps facilities achieve and maintain compliance with regulatory requirements w Has flexible payment options and can fully pay for itself in as little as 15 monthsw Supports inventory management and cost analysisw Is backed by our Meaningful Use Compliance Guarantee for ASCs

For an assessment on how Vision EHR can help your facility lower costs and improve care, please call Patrick Doyle at 866-675-3546, or visit us at sourcemed.net/sourceplus/vision-ehr/.

SourceMedical is the premier provider of clinical and management software solutions.Our innovative solutions currently assist over 2,200 ASCs and specialty hospitals improve

operational efficiency and cash flow while facilitating improved service and care.

TM

“Vision EHR’s on-demand access to patient charts has simultaneously proven very beneficial to [our] staff and eliminates chart hunting. Anesthesiologists, PACU nurses, and billing staff have instant access to patient charts as needed which improves information workflows and creates more efficient processes. Additionally, enabling insight into multiple areas allows for faster identification and resolution of problems.”

- Ed O’Byrne, Administrator, Stratham Surgery Center

Top Ten Reasons Why Now May Be the Right Time to Implement Vision EHR™