Whether you’ve made the decision to change anesthesia billing vendors or have decided to move from an in-house billing operation to outsourcing, a common question we heard from every client that chose us is: What Makes Fusion Different? Below are just a few of the reasons that set us apart from the rest: We only bill for anesthesia: We aren’t trying to be all things to all specialties; we are the experts in anesthesia billing. Anesthesia is a highly specialized and complex service and billing for anesthesia is equally complex. Staff must be trained to review a large number of documents to prop ..read more

Our reporting goal is to provide not just information but insight. Data provides value that is critical to your anesthesia practice. Fusion Anesthesia Solutions developed a proprietary tool for clients, CogitoAnalytics, that presents billing information in a comprehensive format to support a practice in making decisions regarding Operating Room efficiency, staff productivity, scheduling and much more. The post Reporting for your Anesthesia Practice: Providing Insight into the Financial Health of your Anesthesia Practice first appeared on Anesthesia Billing Services | Fusion Anesthesia So ..read more

Transparent Performance:  ANESTHESIA BILLING WITH 100% TRANSPARENCY Not partnering with the correct anesthesia billing company will significantly impact the revenue of your anesthesia practice. At Fusion Anesthesia Solutions we believe 100% transparency in anesthesia billing is the first step in building a trusted partnership. We accomplish this through: Our refined and perfected anesthesia billing process that results in capturing maximum revenue for our clients. Our Focus on Net Collection Ratio Our Client Services – Ensuring that every client has an outstanding anesthesia bi ..read more

During ASA Advance: The Anesthesiology Business Event, leadership was a topic of discussion in both the exhibit hall and of the many sessions. For a private anesthesia practice, leadership comes in several different areas, a few of which we’ve highlighted below. To maintain practice independence, anesthesia groups must create opportunities for leadership within the group, not have one individual appointed to lead in all areas. Developing a Culture of Leadership in Your Anesthesia Practice Not everyone is a “natural born leader”. It’s important to recognize leadership skills and create a cultur ..read more

Reimbursement Issues in Anesthesiology: Part 2 of our Revenue Cycle Health for Hospitals Series In Part 2 of our series on Revenue Cycle Health for Hospital Anesthesiology Departments we’ll explore issues with revenue leakage on anesthesia services. As discussed in Part 1 of our Revenue Cycle Health for Hospital Anesthesiology Departments series, most hospitals are now using some type of Electronic Health Record (EHR) and while those EHRs are great for capturing patient information and charting, we have found many deficiencies when it comes to billing for anesthesia services. Below we wil ..read more

The Importance of Your Anesthesia Practice’s Payer Contract Negotiations Part 3 of our Anesthesia Billing Revenue Cycle Health Series  In the final part of our series focused on Revenue Cycle Health, we’ll explore the importance of annual payer contract negotiations in your anesthesia practice. It’s no surprise that the No Surprises Act has made it more difficult to negotiate with payers, in some instances, payers will not even engage in negotiations and have simply denied requests for contracts from anesthesia groups. So, what’s an anesthesia group to do to motivate payers to negotiate i ..read more

It was a Mardi Gras of a time in New Orleans at the American Society of Anesthesiologists’ annual conference, Anesthesiology 2022. It was so nice to see all the smiling faces and hear more about the challenges anesthesiologists are faced with today. We’ve highlighted the most talked about topics below from Anesthesiology 2022: The shortage: It seemed that everyone was there to recruit; hospitals, private anesthesiology practices and staffing firms. There were several news alerts this past year with certain hospitals having to close ORs citing an anesthesiology staffing shortage. This issue is ..read more

Updates from November 2022 affecting the anesthesia industry that you don’t want to miss: How personal productivity impacts physician compensation Over half of all physicians are paid, at least in part, based on their personal productivity, according to the American Medical Association’s latest “Physician Practice Benchmark Survey.”  The latest survey, which was released in October, surveyed physicians and tracked changes in practices, salary and more between 2012 and 2020.  Determining factors of yearly pay rate for physicians:  The post Stay in the Know: No ..read more

The Importance of Your Anesthesia Practice’s Net Collection Ratio: Part 2 of our Anesthesia Billing Revenue Cycle Health Series  The formula for determining your anesthesia practice’s net collection ratio (NCR) or percentage is quite simple: Dollars that were collected against your payer contracted amount (expected) There should be no variations to this formula.  When reviewing reports, if your anesthesia practices’ net collection ratio is quite high but the dollars collected don’t seem to add up, this could be an indication that certain write-offs are erroneously being categorized a ..read more

Updates from October 2022 affecting the anesthesia industry that you don’t want to miss: 3 Anesthesiologists Making Headlines 1 was arrested for allegedly plotting to give Russia confidential medical information about members of the U.S. military and the U.S. government.   1 distributed more than 7,810 oxycodone 30mg pills to his friends so they could sell it to buy cocaine and pay for private school tuition.   1 allegedly tampered with IV bags – injected the IV bag with heart-stopping drugs that caused almost a dozen patients to experience unexpected cardiac emergencies and ..read more