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AGENDA - Day One

Session

Speakers

Session One - Introduction to Accounting

  • Introduce the Accounting Equation
  • Review the Primary Accounting Principles
  • Discuss Accounting in the ASC Setting
  • Review the Accounting Process 

John Goehle

Session Two - The Balance Sheet

  • Introduce the Purpose of the Balance Sheet
  • Discuss the Balance Sheet and its Relation to the Accounting Equation
  • Review Assets
  • Review Liabilities
  • Review Equity

John Goehle

Session Three - The Income Statement

  • Introduce the Purpose of the Income Statement
  • Discuss the Income Statements Relationship to the Balance Sheet
  • Discuss Elements of Revenue in an ASC
  • Discuss Components of Expenses in an ASC
  • Review Direct versus Indirect Costs
  • Discuss Contribution Margin

John Goehle

Session Four - Business Office Department Oversight

  • Discuss Revenue Cycle Monitoring of Workflow Processes for Efficiency and Effectiveness
  • Identify Ideal Qualifications for Business Office Staff     
  • Review the Internal Controls for various departments of the ASC business office

Cristina Bentin

Session Five - Introduction to ASC Coding: Resources, Payer Disparity

  • Review the Purpose of Coding and how it is different in an ASC setting
  • Discuss resources required for accurate coding & reimbursement
  • Identify common Issues in payer disparity as it pertains to ASC coding

Cristina Bentin

Session Six - Managing Cash and Inventory

  • Discuss the Concept of Current Assets
  • Review Cash and Cash Equivalents and their accounting treatment
  • Discuss Management of Cash
  • Define Inventory
  • Review Methods for Maintaining Inventory and Appropriate Inventory Levels

John Goehle

Session Seven - Billing Fraud and Abuse

  • Discuss common laws governing fraud and abuse
  • Identify questionable coding & billing practices
  • Discuss the importance of oversight and resources

Cristina Bentin

 

AGENDA - Day Two

Session

Speakers

Session One - Documentation: Operative Reports, Templates, Medical Necessity

  • Review organizational/association directives
  • Discuss issues with EHR, Forms/Templates, Op Notes
  • Understand importance of medical necessity
  • Learn to communicate deficiencies in writing by utilizing physician query

Cristina Bentin

Session Two - Expense Management

  • Discuss Methods for Controlling Costs
  • Introduce Purchase Orders and discuss their use in an ASC Setting
  • Review importance of matching purchase orders, receiving documents and Invoices
  • Discuss Internal Controls Over Expenses.
  • Discuss the Role of the Governing Body in Internal Controls over Expense Management.

John Goehle

Session Three - Case Costing

  • Define Case Costing and discuss its relevance in an ASC Setting
  • Discuss the Elements of Case costing including direct and indirect costs
  • Review the possible uses of case costing in an ASC
  • Review an Example of Case Costing

Ann Geier

Session Four - Considerations for Outsourcing Coding

  • Understand internal versus external resources and expertise
  • Review the advantages and disadvantages of outsourcing coding
  • Learn important questions to ask if outsourcing is your decision.

Cristina Bentin

Session Five - Bringing New Procedures into the ASC

  • Discuss new procedure or product evaluation
  • Review factors to consider: Costs, Profitability, Contracts
  • Determine new procedure/product – specialty selection
  • Discuss the necessity for clinical and business staff education

Cristina Bentin

John Goehle

Session Six - Coding Compliance Audits

  • Introduce the importance of a compliance plan as a tool to understanding the financial health of your ASC
  • Review key parameters of a coding audit
  • Discuss the importance of the rebuttal process and ongoing education

Cristina Bentin

Session Seven - Financial Management

  • Define Financial Management in the ASC Setting
  • Discuss who "Manages" the finances of an ASC
  • Review Tools for Financial Management
  • Discuss the appropriate reporting of financial management analyses. 
  • Review Internal and External Benchmarking and its relevance in an ASC.

John Goehle

News of note ...

2-Day Virtual Seminar

Join ASC experts John Goehle, Ann Geier, and Cristina Bentin for this intensive 2-day, virtual seminar with finance, accounting, and revenue cycle aspects explained!

ASC Administrators, Nurse Managers, and Business Office Managers face unique challenges in managing the financial aspects of an ASC and understanding the crucial role coding experts play. This seminar will discuss all aspects of finance, accounting, and reimbursement in the ASC setting. It is ideal for anyone interested in understanding basic finance principles as well as those that know finance but want to learn more how it differs in the ASC setting.

This virtual seminar will also provide an understanding of reimbursement and coding in the ASC setting and its impact on your organization’s financial health.

AEUs and AAPC CEUs are respectively pending for CASC Certified Administrators, Physician Practice Managers, Auditors, Compliance officers, Coding and Billing professionals.