3 Ways Charge Capture Software Increases Your Bottom Line
While delivering quality patient care remains the forefront mission of most medical organizations, a high-functioning billing department is what keeps them up and running. A perfected charge capture process that delivers accurate coding and clean claims to payers is what keeps your team employed and your organization’s doors open to patients in need. The issue with inefficient billing processes is that they take time and attention away from providers who aim to focus on patient care. Quality charge capture software will simplify provider workflow, allowing them to spend less time on documentation/billing and more time on the patients they look forward to working with. With the right charge capture software, your team can deliver high-quality care to patients while increasing your organization's bottom line.
How Does Charge Capture Software Increase Revenue?
Introducing the right charge capture software at your practice will not only simplify the billing process but also help your organization see a higher return from payers as a result of more clean claims.
Automated coding processes found in certain charge capture software prevents providers from having to search for diagnoses and procedures to enter for review. Charge capture software automates this process and interprets documents and presents the information for review so providers can save time. This tool auto-fills documentation to reflect the best medical billing codes or each visit, your team then reviews that data to ensure it is the right choice for that particular claim and submits it. This helps promote more clean claims, or claims that are coded accurately at the first submission, therefore they are not denied by the payer.
Quality charge capture software eliminates the need to enter duplicate information across billing and patient chart platforms. The right software solution will automate that process by pulling information directly from the chart on behalf of the requesting provider so that they do not have to. Auto-filling relevant information prevents the provider from having to enter the same information twice while still keeping each process independently accurate. With the most accurate information generating in each claim, your office is more likely to receive on-time and in-full payer reimbursements.
Care coordination is an essential part of your billing process. Having each one of your patient's providers on the same page regarding the patient's care prevents your team from having to review faxes and mail day notifications after an encounter for a patient at risk. Your charge capture software removes this step and replaces it with automated coordination, sending real-time admission, and discharge notifications to the patient's Primary Care Physician, coordinating care in real-time. This ensures your organization is not letting revenue slip through the cracks while improving the quality of the care a patient is receiving.
With quality charge capture software at your organization, your team will not only be able to keep their primary focus on patient care, but your organization will also bring in more revenue. The right software is equipped with automated coding, consult, and coordination processes that help you accomplish your financial goals. To learn more about charge capture software that can help your organization, click here.