Charge Capture Audit
After more than two generations of diminishing reimbursement schemes, many hospitals don’t know what more can be done to preserve or enhance net revenue. The fact is that most hospitals are sitting on a large percentage of legitimate revenue opportunity and don’t know it. These opportunities come from a closer understanding of medical necessity rules, better documentation, accurate system interfaces, and overlooked details of coding and compliance regulations.
CPI Experts is helping hospitals to expose revenue opportunities that are lost through the intricacies of today’s complex environment. Our Charge Capture Audit is designed to evaluate how and where your hospital can improve its net revenue by tightening the many “handshakes” that occur between ordering patient care activities and dropping a bill. By retracing actual patient charts and bills through the system, we help to identify systematic errors that often result in thousands of dollars of lost charges.
Charge Capture Audit is a review of inpatient and outpatient clinical documentation and bills during which CPI Experts will validate that patient bills accurately reflect the care received and represent compliant charging and coding practices. CPI Experts will scrutinize clinical documentation and bills to identify incidents of systematic error, training or knowledge deficiencies among staff, lost charges, and compliance risks that may threaten the hospital’s bottom line.
Shouldn’t your hospital collect every dollar to which it is entitled? In just three to four weeks, CPI Experts will help your hospital find the revenue it deserves.