Revenue Integrity Services
Healthcare systems and hospitals lose as much as 4-5% of their revenue due to revenue leakage. As a hospital executive, you should be worried about the outcomes your revenue processes deliver. Shift your focus to maximizing net revenue, improved coding, and compliance and create a scalable error-free revenue cycle process that helps you exceed your financial goals.
Ignoring small leaks of revenue could cost your health system millions of dollars and put your organization at a financial risk. It is unfortunate that arresting revenue leakage and assuring revenue integrity is discussed less than once a month in most revenue cycle teams. What’s even more disturbing is that as many as 60% of health systems lack a formalized revenue integrity program.
Some sources of revenue leakage are:
Coding Issues including unbilled procedures and errors in coding leading to high DNFB Rate (Discharges Not Fully Billed)
UB-04 form has 81 fields and even more subcategories that create a high probability of errors in claims submitted
Issues in the set up on Charge Description Master (CDM) files
Lack of staff training on causes of revenue leakage and clinical documentation
Lack of a structured data-driven revenue integrity program
Lack of structured payer contracting processes.
Taking a data-driven approach to arresting revenue leakage and assuring revenue integrity is of paramount importance.
Explore our suite of Revenue Integrity Services and Solutions
The first step in creating a revenue integrity program is to audit and determine the key sources of revenue leakage. Access Healthcare’s revenue integrity experts can help you achieve transformational results in terms of improved revenue realizations and profitability.
Our Revenue Integrity Solutions include:
Structured Revenue Integrity Program
We apply our services expertise and technology to improve coding accuracy, improve clinical documentation, reduce DNFB, improve charge accuracy, and apply our quality assurance processes & methods to improve compliance,
Our analytics expertise enables us to pinpoint issues and implement sustainable solutions.
Optimize authorizations
We provide technology-enabled precertification and authorization services for inpatient/outpatient services.
Clinical Documentation Improvement
We focus on improving the quality of clinical documentation and enable clinicians to represent the healthcare services they provide accurately. Our CDI services include:
Trends of specific diagnosis and procedures
Gaps in clinical documentation for each diagnosis/procedure
Sensitize clinicians to issues in clinical documentation
Creating an ongoing dialogue between clinicians and team members
·Charge Capture Audit Services
Our charge capture audit services include a review of bills to identify any missed chargeable opportunities. The audit consists of a comprehensive review of the procedure, documentation, and process with clinicians to identify over/under billing. We create a strategy to sustainably improve charge capture efficiency by working with billers, coders, and clinicians.
HIM Coding Review and Coding Staffing
Coding Staffing. Coding guidelines and reporting requirements change constantly. We can deploy skilled coders at onsite, remote, and offshore locations to help you with coding backlog clearance, system transitions, regulatory reporting, and ongoing staffing needs.
Coding Reviews. We analyze and audit claims for correct usage of CPT and HCPCS codes and DRGs.
Coding Education. We verify the accuracy of coded charts and identify compliance issues, unbilled procedures, and erroneous coding issues through our coding audit and education services. Further, we work with coders and clinicians to create and deliver focused coding education and compliance programs.
Payment Variance Analysis
We perform analysis of denied claims and underpaid claims to manage appeals processes to get reimbursed correctly. Further, we perform root cause analysis to address the underlying issues in the front office and mid-revenue cycle.
Contact us to learn how Access Healthcare can help your organization ensure revenue integrity and improve financial performance.
Healthcare systems and hospitals lose as much as 4-5% of their revenue due to revenue leakage.
Plug the leakage with Access Healthcare’s Revenue Integrity teams today!
What is Revenue Integrity
Revenue integrity ensures that healthcare organizations capture all the revenue they are entitled to while maintaining compliance with applicable rules and regulations. This involves accurately capturing charges for services provided, correctly coding and billing those services, and ensuring that claims are submitted and paid according to contractual and regulatory requirements.
GLOBAL COLLABORATION IS KEY
In today’s competitive environment, your healthcare organization should be considering a global outsourcing strategy. However, it is critical to carefully evaluate various options to achieve optimal results for your company with the least risk.
You are encouraged to view our white paper: 9 things to look for in a Revenue Cycle Services Provider.