Improve Your Practice’s Charge Capture
Charge capture is the process whereby doctors record information on their services, which is then sent out to different payers and insurance companies for reimbursement – in short, it’s how your practice gets paid for the services it provides to its patients.
A medical practice’s revenue cycle management hinges on accurate and complete charge capture, yet many healthcare practices don’t focus on charge capture regularly. Not focusing on charge capture can result in revenue losses and reimbursement delays that can put an unnecessary financial strain on a practice.
Encompass Healthcare Data Solutions (EHDS) has a team with strong clinical experience that will ensure your charge capture is accurate and improve ROI. Additionally, EHDS has dedicated staff for ICD-10 and CPT coding and the knowledge to extract quality data from billing systems. Using a strategic and custom approach, the EHDS revenue cycle team provides customized data sets and analysis for strategic decision support. We work across departments to provide strong, data-informed recommendations and strategies, thus keeping your revenue stream flowing.
EHDS enables better business decisions, a stronger bottom line and allows for your team to focus on patients and not finances.
Contact Us Today
Contact EHDS today for a free, no-obligation audit of your practice and we’ll create a customized proposal to fit your needs:
Our team has created an interactive tool to assist healthcare practices in determining the potential risks they might be exposed to in their current revenue cycle processes.
About two-thirds of revenue cycle leaders (68 percent) reported that between one and ten percent of their total charges were under-coded, and 20 percent said under-coding impacted 11 percent or more of their charges.