Case Study: New South Carolina Joint-Venture ASC Outsources Revenue Cycle Management
A group of physicians and the local hospital decided to develop a multi-specialty, joint-venture ASC in an under-served area of South Carolina.
Thanks to Serbin’s extensive experience in the South Carolina market, the company was engaged to supply assistance and provide ongoing revenue cycle services.
Under Serbin supervision, this ASC was established as a high-quality medical provider in the community, as well as a respected employer. Within three years, the center was performing an average of 5,000 cases annually. Other benchmarks achieved include the following:
Debt free after 18 months
Year-to-date net revenue of 221% over budget
Average case cost (direct expenses) of $221/case
Patient satisfaction at 99.7%