Find out how revenue cycle management solutions from McKesson have helped other anesthesiology practices improve operations and financial strength
To speak with a McKesson revenue cycle management representative, feel free to call us at 800-300-2599 or e-mail us. A representative will be in touch with you to provide client references.
Anesthesia Medical Group of Riverside
With 19 physicians covering two hospitals and four surgery centers, the anesthesia group was struggling with staffing issues. Physicians were abandoning the Southern California practice, fed up with working harder than ever and getting paid less. Several solutions were discussed. Would McKesson be willing to renegotiate contracts with all of the practice’s payors? Could income be distributed more equitably among the physicians? Would these changes make a significant difference?
After McKesson agreed to help, the practice experienced 9 contract increases, ranging from 11% to 43%, resulting in additional revenues of $580,000 for the physicians in the first year.
Download the PDF to read the whole story (84.4 KB).
Bellingham Anesthesia Associates
More than 20 physicians at the only anesthesia group in Bellingham, Washington, were less than pleased with critical aspects of their practice: Revenues were not meeting targets and the number of days in accounts receivable had jumped. Lack of reliable and timely data had limited the anesthesiology practice's ability to make sound revenue cycle management decisions.
Within 12 months of using McKesson's anesthesia billing and collection services, net collections increased by 17%; days in A/R were reduced by 7 days, increasing cash flow; accounts receivable significantly improved; and physicians now have access to detailed management reports that have helped the group plan strategically for the future.
Download the PDF to read the whole story (84.3 KB).
Spectrum Medical Group
A 50-physician anesthesiology group in Portland, ME, exemplifies how anesthesiologists can efficiently measure quality and demonstrate outcomes with McKesson Anesthesia Practice Focus. Serving four hospitals, six surgery centers and two pain clinics, Spectrum has efficiently incorporated quality tracking and reporting for the practice and patients.
With McKesson Anesthesia Quality Focus™, Spectrum now has a robust clinical intelligence tool to collect, track and report data on multiple clinical practice indicators and outcomes. The tool has helped the practice gain a stronger position with the hospital and payors, while enhancing care for patients.
Download the PDF to read the full story (198 KB).
Anesthesia Consultants of Indiana
Ineffective billing data collection, manual processes and lack of coding were some of the key issues placing Anesthesia Consultants of Indiana (ACI) in financial stress. ACI, a 7 physician group with 9 CRNAs, located in Crown Point, Indiana, made the critical decisions to outsource its billing operations to McKesson.
After going live with McKesson, ACI’s collections increased by approximately 33% per month and they won nearly a 6% increase in reimbursements from one of the group’s largest private payors.
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Top 5 Reasons Anesthesiology Practices Lose Money:
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