Outpatient Facility Coding Alert
Going Mad Managing Inventory? It Might Be Time To Automate
PDF
Question: I manage a large ophthalmic ASC, and every month it seems like I spend more and more of my time managing inventory. It’s becoming too much—we recently even had to reschedule a case because the patient’s choice of premium IOLs wasn’t in our stock. We are thinking of investing in an automated inventory management system. What do you recommend? Virginia Subscriber Answer: Inventory management has a significant effect on an ASC’s financial health. Any efficiency you can implement in supply costs will show up directly in your center’s bottom line. A data-based approach to inventory management is essential to realizing significant cost savings, but many surgery centers—like yours—still rely on paper and manual processes. “Centers that don’t employ the right technology to track and analyze inventory data have a much harder time identifying opportunities to lower supply costs, eliminate waste, and reduce staff time involved in the inventory process,” says Chad Camac, vice president of sales at ManagementPlus. Below, Camac details a few things to look out when vetting an automated system:
Related Articles
Outpatient Facility Coding Alert
- Coding Update:
Your Top 5 Outpatient Coding Problems...Solved!
Safeguard your reimbursement with these fast fixes Like most ASCs, chances are that a small [...] - Compliance Alert:
Use MOON to Increase Transparency
Getting inpatient/outpatient explanation right is key step in compliance, patient engagement The MOON notice has [...] - ASC Management Strategies:
Supply Costs Too High? It's Time to Rethink Your Supply Chain
Cutting supply costs will increase profit margins. Supplies are your ASC’s highest operating expense, second [...] - Do Your Surgeons Know Their Case Costs? Survey Says 'No.'
Case costs may point to opportunity to save money. Orthopedics is a profitable specialty for [...] - You Be the Coder:
Cancelled, Postponed, or Discontinued? How to Code an Incomplete Colonoscopy
Question: Our gastroenterologist performed a diagnostic colonoscopy under anesthesia but was unable to get past the [...] - Reader Question:
Going Mad Managing Inventory? It Might Be Time To Automate
Question: I manage a large ophthalmic ASC, and every month it seems like I spend more [...] - Reader Question:
When Billing Unilateral, Bilateral Procedures, Look to Op Note for Clues
Question: Our ophthalmologist resected the lateral rectus muscles of both of the patient’s eyes during a [...]