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Tim Fuchs

👤 Person
81 total appearances

Appearances Over Time

Podcast Appearances

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

Like implants and supplies, for instance, are up 8% to 20% depending on specialty.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

Staffing and anesthesia, we see a lot of this in the Becker's updates on a daily basis.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

ASCs are really feeling the highest wage pressure in the industry right now with this anesthesia piece to ASCs.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

And it's really challenging for them navigating that.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

We're seeing technology and compliance costs continue to go up, and ASTs can simply not afford a slow billing process or slow AR cycles with these increasing areas that are really going up.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

And then, too, payers are slowing down on purpose.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

They're having more prior auth requirements, more clinical reviews, higher denial rates, and longer reconsideration and appeal cycles, which is making it really

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

challenging for surgery centers to navigate those markets.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

So when we're looking at that, and also too, competition is fierce.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

New surgeons are going to have their choices between surgery centers and what they're doing, looking at marketing, et cetera.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

So the challenge to bring in top talent is there as well.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

And so it's really this creating this kind of perfect storm for

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

really the ASCs that can navigate that in a better fashion and do it with data can be more successful.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

So really accelerating your cash breaks this cycle before it harms your operations.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

So we want to make sure that you're really looking at all the areas that are going to impact this.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

So

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

We're looking at financial education for not just you, but your surgeons.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

So you want to give feedback to those surgeons on case profitability and making sure they understand their costs and what we can do to streamline those cases to make them as profitable as they can be.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

You want to make sure that you're continually training your staff on documentation standards to prevent denials.

Becker’s Healthcare -- Spine and Orthopedic Podcast
How ASCs Can Strengthen Cash Flow Amid Industry Pressures: Insights from nimble solutions

A lot of that upfront work comes from making sure that those folks at the front end