Perhaps you are very familiar with the term 'charge-capture software', but if not, here's a brief rundown on what this amazing technology is and what it has to offer in terms of impacting the efficiency and accuracy of hospitals and health-care organizations as it applies to patients' medical records.
This type of software addresses the concerns and very-real challenges that medical personnel face within any revenue cycle.
What Is Charge Capture Software? Charge-capture, per se, is simply the capturing or acquiring of data that is intended to be utilized in a medical claim record or document.
The charge-capture process is a crucial component of the entire revenue cycle since this process, if executed poorly or inefficiently, can result in poor coding and lost charges, for example, that contribute to significant amounts of lost revenue! This medical billing technology is a dream-come-true for any health-care-related organization because it flawlessly optimizes the charge-capture process which results in tremendously-enhanced levels of accuracy and zero lost charges.
Multi-billions of dollars are lost each year due to denied or reduced reimbursement of submitted claims either because of insufficient or inaccurate documentation and/or under-billing.
The software is used in lieu of paper, effectively and efficiently! It permits physicians to capture charges at the point of care.
This is highly significant since this immediate, real-time transaction ensures that the integrity of every piece of acquired data is secured and never compromised.
Physicians can enter their patient charges into Android, iPhone and iPad devices at the point of patient care.
Moreover, the data can be accessed and transmitted to other staff-members as well as other systems within the revenue cycle to be dealt with in an equally-efficient manner.
Every medical charge is securely stored in a central database where it can be retrieved and verified by any and all appropriate personnel.
The Benefits Go Beyond Increased Revenue: In this day and age, legal ramifications derived from even the "smallest" error in the field of patient-care can result in nightmares of titanic proportions! Physicians as well as office employees can be held legally liable for something as seemingly benign as a simple recording oversight.
Obviously, an unintentional omission or incorrect entry can result in disastrous consequences that can lead to monumental fines, increased audits and even incarceration.
For health-care organizations that do not operate optimally, and continue to incorporate archaic paper-based systems are, quite frankly, playing Russian roulette.
Aside from mobile charge-capture software enhancing the charge-capture process and providing increased levels of accuracy and zero lost charges, a few more advantages of this type of software include: 1: Reduction of audit risks by CMS or the OIG 2: Ability to view patient's complete database 3: Full compliance of HIPAA protocols 4: Provision of flexible web-based reports 5: Synchronization by multiple physicians to one database where physicians can communicate with one another securely and proficiently 6: Gathering of data from mobile charge-capture apps which can be synchronized to the Web and printed Charge-capture software allows for the allocation of less time on billing, more quality time with patients and increased profitability.
The long-term benefits of this wonderful technology are worth their weight in gold!
This type of software addresses the concerns and very-real challenges that medical personnel face within any revenue cycle.
What Is Charge Capture Software? Charge-capture, per se, is simply the capturing or acquiring of data that is intended to be utilized in a medical claim record or document.
The charge-capture process is a crucial component of the entire revenue cycle since this process, if executed poorly or inefficiently, can result in poor coding and lost charges, for example, that contribute to significant amounts of lost revenue! This medical billing technology is a dream-come-true for any health-care-related organization because it flawlessly optimizes the charge-capture process which results in tremendously-enhanced levels of accuracy and zero lost charges.
Multi-billions of dollars are lost each year due to denied or reduced reimbursement of submitted claims either because of insufficient or inaccurate documentation and/or under-billing.
The software is used in lieu of paper, effectively and efficiently! It permits physicians to capture charges at the point of care.
This is highly significant since this immediate, real-time transaction ensures that the integrity of every piece of acquired data is secured and never compromised.
Physicians can enter their patient charges into Android, iPhone and iPad devices at the point of patient care.
Moreover, the data can be accessed and transmitted to other staff-members as well as other systems within the revenue cycle to be dealt with in an equally-efficient manner.
Every medical charge is securely stored in a central database where it can be retrieved and verified by any and all appropriate personnel.
The Benefits Go Beyond Increased Revenue: In this day and age, legal ramifications derived from even the "smallest" error in the field of patient-care can result in nightmares of titanic proportions! Physicians as well as office employees can be held legally liable for something as seemingly benign as a simple recording oversight.
Obviously, an unintentional omission or incorrect entry can result in disastrous consequences that can lead to monumental fines, increased audits and even incarceration.
For health-care organizations that do not operate optimally, and continue to incorporate archaic paper-based systems are, quite frankly, playing Russian roulette.
Aside from mobile charge-capture software enhancing the charge-capture process and providing increased levels of accuracy and zero lost charges, a few more advantages of this type of software include: 1: Reduction of audit risks by CMS or the OIG 2: Ability to view patient's complete database 3: Full compliance of HIPAA protocols 4: Provision of flexible web-based reports 5: Synchronization by multiple physicians to one database where physicians can communicate with one another securely and proficiently 6: Gathering of data from mobile charge-capture apps which can be synchronized to the Web and printed Charge-capture software allows for the allocation of less time on billing, more quality time with patients and increased profitability.
The long-term benefits of this wonderful technology are worth their weight in gold!
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