Amblitel’s ASC InSight tool can enable ambulatory surgical centers to make better decisions by turning data into actionable information and can help outpatient surgery centers be more profitable and successful for the long-term.
Work Areas of ASC InSight
Billing and Collections
All the data captured in the health information system associated with case volume, charges, collections and adjustments are accumulated into this work area and views developed to provide more in depth knowledge regarding an ASC billing and collection performance.
Accounts Receivable
Information regarding current and historical accounts receivable are accumulated into this work area and views developed to provide tools to help an ASC better manage accounts receivable and shorten the revenue cycle.
Clinical
Data regarding the clinical aspects of cases performed at an ASC are accumulated into this work area, i.e. ASA classification of patients, type of anesthesia provided, various times tracked for each patient as they receive care, etc. The views developed help an ASC to have better insight into the clinical aspects of the business to facilitate clinical and benchmarking studies.
Cost Analysis
Data from the health information system regarding costs incurred, supplies, salaries and wages, and use of equipment, are accumulated into this work area. Reports and views are developed to assist an ASC to better manage costs.
Contribution Margin
Data from the health information system and the accounting system are accumulated into this work area and the contribution margin for an ASC is determined. Contribution margin is defined as revenue, less variable expenses. Variable expenses are costs that are directly related to patient volume and go up and down directly with patient volume. This work area helps an ASC negotiate better pricing with insurance companies and payors, as well as gain an in-depth understanding of the profitability of the different services lines and contribution from physician customers.
How ASC Insight works