Overview
A large, independently owned, multi-state anesthesia group partnered with Anesthesia Resources LLC to improve their financial performance. After struggling with underperforming billing operations and a rising volume of aged accounts receivable, the group needed a partner that could not only diagnose the issues, but also deliver measurable, lasting improvement.
Challenge
The client’s billing performance was falling short of expectations. Collections were lagging, A/R days were too high, and bad debt placements were increasing. The group engaged Anesthesia Resources to conduct a Revenue Integrity Analysis, seeking clarity on the root causes behind these performance gaps.
Our analysis confirmed significant inefficiencies and missed opportunities throughout their revenue cycle. The existing billing company wasn’t providing the level of strategic insight or operational excellence required to keep up with the demands of a fast-growing, multi-state practice.
Our Solution
Following the analysis, the group chose Anesthesia Resources as their revenue cycle partner. We developed and executed a carefully phased transition plan that minimized disruption while laying the groundwork for sustained financial improvement.
Our tailored solution included:
- End-to-end billing system overhaul
- Strategic collections and follow-up protocols
- A/R aging clean-up and process optimization
- Enhanced reporting and analytics for full visibility
- Continuous performance monitoring
Outstanding Results
Within a short period, the anesthesia group saw transformational improvements in financial outcomes:
- Increased Total Annual Collections by $11.5 million (a 17% increase)
- Improved Net Collections per Case by 12%
- Reduced Days in A/R by 14%
- Lowered Bad Debt Placements to the industry median
- Achieved Top Quartile performance in >120 Aging
These results directly translated to stronger cash flow, improved operational efficiency, and greater financial stability, allowing the group to focus on delivering exceptional care across their growing network.
Conclusion
At Anesthesia Resources, we specialize in solving complex revenue challenges in the anesthesia space. Whether you're a single-site practice or a multi-state group, our team delivers Better Revenue, Done Better, through strategy, precision, and partnership.