Rapid and Sustainable Revenue Improvement.
Our detailed hands-on approach to charge capture has added up to a 5% increase in annually recurring net revenues for our many clients across the country. Our approach has demonstrated significant financial benefits across all of the major billing platforms including MEDITECH and Cerner.
Most organizations fail to capture at least 1%-5% of their chargeable services provided to patients in their health systems. This represents a significant leakage of net revenues for hospitals across the country. With continuing shrinkage of net margins for hospitals post COVID19 and the continuing pressures on the overall US economy, it is important that hospitals optimize their capture of charges for billable services to maintain their financial viability both short and long-term.
We work interactively with the clinical departments, revenue cycle and revenue integrity to identify areas of revenue leakage due to ineffective charge capture. These areas of revenue leakage can include non-optimized charge master, ineffective linkages between the various charge capture systems, ineffective clinical department charge capture, and non-optimized overall revenue cycle. We also provide monitoring tools and assist with implementation of the identified opportunities.