RCM tip of the day: Regularly reconcile physicians' notes with submitted charges
Becker's Hospital CFO
[The following recommendation is from PatientKeeper CEO Paul Brient]
Many healthcare provider organizations unknowingly fail to bill for 10 percent to 15 percent of their inpatient professional services, leaving a lot of money on the table. One way to remedy the problem is to reconcile physicians' notes with the charges submitted on a regular basis. Because this can be a tedious and time-consuming process if done manually, automation of the task should be a priority for providers with a significant portion of their services rendered in the inpatient setting. This will undoubtedly yield significant dividends.