RCM tip of the day: Regularly reconcile physicians' notes with submitted charges

As healthcare organizations strive to achieve maximum reimbursement, they should use automation to ensure consistency between physicians' notes and charges submitted, according to Paul Brient, CEO of PatientKeeper.

Mr. Brient shared the following tip with Becker's Hospital Review: "Many healthcare provider organizations unknowingly fail to bill for 10 percent to 15 percent of their inpatient professional services, leaving a lot of money on the table. One way to remedy the problem is to reconcile physicians' notes with the charges submitted on a regular basis. Because this can be a tedious and time-consuming process if done manually, automation of the task should be a priority for providers with a significant portion of their services rendered in the inpatient setting. This will undoubtedly yield significant dividends."

For more advice on improving revenue cycle performance, click here.

If you would like to share your RCM best practices, please email Kelly Gooch at kgooch@beckershealthcare.com to be featured in the "RCM tip of the day" series.

 

More articles on healthcare finance:

How CHS, Tenet, UHS, LifePoint and HCA fared in Q1
CMS further delays major bundled payment initiatives: 4 things to know
6 hospitals receive credit downgrades in past month

 

 

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars