Fundamentals of Cost Calculations

Regular Price: $198.00

Member Price: $99.00

Your Price: $198.00

October 16, 2019 | 2:00 PM Eastern
Speakers: Asbel Montes, Angie McLain, and Rebecca Williamson
$198.00 for Members | $99.00 for Non-Members (price included with Gold and Silver ACE Subscription packages)

This webinar will provide the attendee with the core fundamentals surrounding cost calculations for ambulance services including:

* Cash vs. Accrual accounting and what is required by Medicare
* The differences in direct and indirect costs and how to report each category
* The importance of correctly calculating labor costs
* How equipment, consumables, and supply costs are reported and ideas for how to best begin collecting this information
* How EMS industry standards may not always align with CMS definitions and what to do when they don\’t

Cost data collection will allow the ambulance industry to being aligning EMS-specific costs with other elements to help streamline and standardize accounting and financial management practices. This webinar will explore how to begin collecting essential data and how to report costs that may not have been segregated prior to this requirement. Correctly collecting and reporting costs will help ensure the accuracy of the data that is received by CMS and in turn, provide valuable information for payment reform.

Asbel

Asbel Montes

Asbel Montes began his employment with Acadian in May 2009. He oversees Acadian’s revenue cycle management, contract management, business office process improvements, and government relations for state and federal reimbursement policy initiatives. In 1999, Asbel began working for an ambulance billing and consulting firm. After three years, he decided to work for a private, non‐emergency ambulance service. Since then, he has provided leadership in revenue cycle management to four ambulance agencies located throughout the southeast. Asbel pursued his education the non‐traditional way by attending college online while maintaining a full‐time job. He received an associate's degree in accounting in 2007 and graduated in November 2010 with a bachelor's degree in business management. Asbel has been a member of the American Ambulance Association (AAA) for eight years and has served on its board of directors; he is currently co-chair of the Payment Reform Steering Committee. Asbel also sits on the board of the Louisiana Ambulance Alliance. He is a respected thought leader on reimbursement initiatives within the industry and is a requested speaker at many conferences. He has also been asked to testify as an expert witness before federal and state health committees regarding ambulance reimbursement. Asbel is married to Stephenie Haney‐Montes. He has one daughter and resides in Carencro, Louisiana.

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Rebecca Williamson

Rebecca is the Chairman of the American Ambulance Association’s Medicare Regulatory Committee and is also a member of the American Ambulance Association Ethics Committee. Rebecca is a founding board member, and Immediate Past President of the Oklahoma Ambulance Association. She previously served on the Oklahoma Emergency Response Development Advisory Committee and the Governor’s Task Force on EMS Readiness. Rebecca is also an active board member for several other regulatory and civic organizations. She has a Bachelor of Arts Degree in English, an Associates Degree in Nursing, is a nationally certified Sexual Assault Nurse Examiner in both Adults and Pediatrics, and is a Nationally Registered Paramedic. Before joining Pafford EMS as Chief Compliance Officer, she worked for Muskogee County EMS for 25 years, serving as the Chief Compliance Officer and HIPAA Privacy Officer for 17 years. Rebecca is responsible for development, leadership, implementation, and administration of all compliance and HIPAA policies and procedures. Rebecca’s expertise is in documentation, compliance, and privacy issues and she, along with Brian Werfel, Esq., co-authored the AAA Documentation Manual.

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Angela McLain

Angela McLain currently serves as the Chief Compliance Officer and Chief Revenue Officer for Emergency Medical Services Authority (EMSA) of Oklahoma, a high performance high volume, public utility model EMS agency serving communities across Northeast and Central Oklahoma. Angie’s more than 20 years of experience in healthcare financial services has focused on the strategic development and management of revenue cycle operations to include; comprehensive patient account management, revenue performance improvement and implementation of monitoring controls and strategies. In addition, Angela also has extensive experience in all elements of healthcare compliance and accreditation in both the hospital and EMS industry, ensuring organizational business practices exceed regulatory standards and support the provision of excellent patient care. Angie holds a Bachelor of Science in Health Information Management, focused on health care reimbursement, and has an advanced degree in Health and Human Services. She has used her experience and expertise in healthcare finance and healthcare management to help establish EMS industry standards through active roles on multiple state and national boards; serving as with the Oklahoma Ambulance Association and as Region 4 Director with the American Ambulance Association.


Event Details

Date: October 16, 2019

Start time: 02:00 p.m.

End time: 03:00 p.m.