Lost revenue from improper billing can affect the bottom line. Health care organizations fail to capture charges adequately for a variety of reasons, including not having services on the charge master, inaccurate links between order entry and the charge system, incomplete documentation, incorrect coding, or other billing procedure flaws.
In addition to missed revenue opportunities, providers may suffer from delayed payments as well as dissatisfied customers who have been incorrectly billed. A further risk exists from the regulatory perspective with providers facing Medicare inquiries, payer denials, or hefty penalties resulting from inaccurate billing.
Through our charge capture services, we can help your organization develop formal policies and consistent standards for charge posting and reconciliation. Doing so can significantly improve compliance and increase net revenue.
Please contact Rob Smull or your local Moss Adams health care advisor to find out more.
Tony Maki
480-444-3424
Brandon Fryar
505-830-6200
Marci Pierce
415-677-8205
Tony Andrade
503-242-1447
DeVon Wiens
949-221-4000
Don Hansen
425-259-7227
This month: Charge Capture Re-Design