To identify areas where performance metrics could improve quality care and revenue cycle processes, ask the following questions of your organization:
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Every part of the revenue cycle is vital to an organization’s financial health, yet not every aspect is treated equally. The coding process is often written off as a necessary but messy process, accepting that care providers don’t have sufficient time to document everything at the time of care. Fortunately, there is a better path forward.
In 2018, Ingenious Med commissioned a study to determine what differences and similarities existed between acute-care organizations using different charge capture methods.
Though healthcare organizations consider revenue cycle management (RCM) one of the most important aspects of business, little research has been conducted on the front end of the financial revenue cycle: charge capture.
SUMMARY Organization: Adfinitas Health Location: Hanover, Maryland Size: 500 employees; 50 hospitals and post-acute facilities in four states Top-line Requirements:…
Critics in the medical industry have historically shown a skeptical attitude toward the implementation of new technology in healthcare. Their…
Ingenious Med makes it a priority to help healthcare organizations quickly identify missing charges in a number of ways so they can get paid what they deserve. To that end, we have introduced six different ways to help you find and avoid missing bills.
With so much variation and so many people with the opportunity to touch each charge, it’s easy to see how some are missed. Making matters worse, many organizations lack the process to track missing bills altogether, which ensures they’re leaving money on the table and making themselves vulnerable to a CMS audit. Here are three ways to ensure you’re capturing as many charges as possible — and able to correct those charges that are missed.
As a healthcare provider you are confronted with the challenge of competing profitably in an industry where reimbursements are becoming more complex and margins are shrinking. Leading organizations are finding ways to ensure they are not leaving money on the table, which could be caused by missing charges, inadequate coding or clinical documentation, or the use of inefficient paper charge capture that slows the revenue cycle.