6 Ways To Make Your Hospital Charge Capture More Successful

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6 HOSPITAL CHARGE CAPTURE BEST PRACTICES

• www.capminds.com

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Introduction

• In todays current scenario, it is becoming very
  difficult for healthcare practices to maintain
  practice revenue.
• RCM is becoming more complicated over the years
  with the advancement of digital technologies like
  remote patient monitoring and value-based
  reimbursement models.
• With so many changes and challenges in todays
  health system, medical practices cant afford to
  ignore the charge capture process.

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1. Optimize with Technology

• ?There are simple methods to capture clinical
  data and transfer that information to a medical
  biller to properly code the diagnoses and
  procedures, and get the information submitted to
  the right insurance companies.
• Leveraging technology, and eliminating paper,
  will immediately create greater efficiencies and
  set up your organization for related tracking and
  auditing procedures.

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2. Educate to Overcome Adoption Issues

• As with any system, if all the stakeholders
  involved in the process dont fully understand
  the charge capture process.
• Staff needs to be educated on
• why charge capture matters because without a
  consistent process, insurance claims wont go out
  in a timing matter, simply will result in the
  team not getting paid.

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3. Document the Process

• ?Hospitals are most successful with their charge
  capture process not only when its
  well-communicated and all stakeholders are
  educated, but the process must be
  well-documented.
• Further, having central charging policies and
  guidelines established and documented will remove
  room for error and improve consistency as new
  team members join the team and pick up where
  others leave off.

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4. Use Tech to Catch Pre- and Post-Billing
Exceptions

• ?Using a technology platform to catch exceptions
  will remove some headaches.
• The hospital can then use this data to find
  anomalies and exceptions so that correct codes
  can be added or selected the first time around,
  getting billing moving through the process
  instead of stuck in purgatory.

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5. Audit the Process Regularly

• ?One of the fundamental activities a hospital
  must do with charge capture is audited their
  billing regularly.
• This will ensure that the correct charges for
  each patient were submitted.
• Not only should standard billing be audited, but
  its also a good idea to look at services that
  have both a technical and professional aspect.

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6. Examine Lag Time Challenges

• Hospitals can look at the lag time between all
  major steps in the process such as from the date
  of service to the date of claim submission to the
  date the claim remittance advice was received to
  the date the claim was finally paid and try to
  determine where bottlenecks arise. 

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Why go with CapMinds RCM Services?

• Charge capture is important in a hospitals
  revenue growth. Choosing the right RCM partner
  will help you to achieve successful results in
  terms of medical billing collections.

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• Get started with CapMinds RCM services for a
  successful charge capture process our RCM
  experts are available 24/7 by helping practices
  to overcome the challenges with charge capture
  quickly and in improving your overall practice
  revenue.

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• Read More About Medical Billing
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• CapMinds RCM Blog

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CapMinds RCM Services

• Contact us
• CapMinds Technologies
• 42240 Mason Ridge Ct, Brambleton, VA 20148
• 1 571.213.3245
• info_at_capminds.com
• https//www.capminds.com