Like other medical practices, coding is a critical driving force behind your revenue. Unfortunately, failing to monitor and optimize how services get charged can cause you to lose critical dollars. An evaluation and management coding tool is useful in helping your healthcare facility. Dont overlook coding and revenue opportunities, knowing how to use documentation to match levels of service goes a long way toward improving revenue.
Complexity Level Equals Accurate Coding
Essentially, the correct code for the services your healthcare facility delivers is tied to the complexity of the visit. A patient could have any number of problems. How your medical staff addresses each issue determines the codes used. The patients history, examination and medical decision-making all determine the appropriate billing level. Additionally, the presence or absence of documentation helps to identify the complexity level that applies to each patients visit.
Thorough Documentation of Medical Issues is Crucial
Documenting patient care is an absolute necessity for ensuring proper codes translate into fair and accurate charges. It is crucial that medical staff thoroughly document what is done during the given treatment. Additionally, staff need to be able to quickly express the why behind certain medical decisions.
Documenting medical issues during the patients visit facilitates the coders ability to identify all diagnoses made. A bonus is that documentation also serves as good patient care.
Dont Leave Dollars Behind
When it comes to healthcare, coding matters and the right evaluation and management coding tool helps to guarantee your organization is reimbursed at the right price. Make sure you are not overlooking high-value services such as chronic care management and advanced care planning. If you have been providing these services for free, now is a good time to add them to your revenue by coding them appropriately.
GeBBS Healthcare Solutions offers a broad range of BPO solutions to help your organization overcome billing challenges. Visit our website to learn more about how you can improve your overall operations.
