Billing Audits
A single platform for all your auditing needs
- RevCare Analytics allows you to simplify your auditing process with innovative technology that allows you to automate time consuming tasks and take a strategic approach to your auditing
- Simplify medical billing audits across all your departments and Specialties by associating with leading Healthcare Auditing, Billing Compliance and Revenue Integrity partners for 24-hour medical billing Compliance and Auditing services. When it comes to documentation or other audit-related tasks, there’s no fuss because we handle patient data securely.
- Additionally, medical billing audits enhance and improve billing and coding practices, ensure stricter claims processes, and demonstrate that all basic measures are in place to evade future errors. Plus, ensure proper revenue cycle management (RCM) processes are set to increase revenue.
- Our expert medical billing audit team ensure that the medical practices can not only meet regulatory requirements. But also streamline processes and systems to ensure greater profits through the claims process is the most rigorous and cost-effective.
Monitor and minimize billing risk, detect anomalies, and maximize revenue opportunities
Spend less time on auditing – more on education and corrective action to increase first pass pay rates, decrease days in accounts receivable.
Improve productivity and efficiency through automation with a closed loop, single platform to capture all auditing results.
One solution to audit all chart types within your organization. Hospital billing, provider billing and coders. Plus, support for external audits.
Continuous monitoring and automatic anomaly detection to identify where you’re leaving money on the table and exposure to takebacks.
See where you’re being underpaid, overpaid and losing revenue opportunities through system generated financial impact calculations.
Benchmark and compare your billing trends internally, against those of your peers and through industry standard measures from CMS.
Benefits
Benefits Of Medical Billing Audit
You don’t always have a specific reason or motivation to conduct a medical billing audit. Doing it regularly is good for your practice in every aspect. Let’s look at the benefits in points for your better understanding.
- Doing a medical billing audit can increase your practice’s profitability.
- It can also be used as a method that helps you find out the inaccurate, incomplete, or inappropriate billing practices that cost you a lot of money.
- Unnecessary or unrecorded charges for services or items provided to a patient can be found by doing a billing audit on medical record documentation.
- The process helps the coding staff by providing ways to find, understand, and correct problems before being spotted by the government or the insurance payer, for inappropriate coding.
- Doing this can help your practice to improve your medical record documentation that in turn increases the payments for the services provided. This results in the first benefit.
- These audits form a standard to be followed by the admin staff, which helps them from avoiding stress and frustrations.
- Protection against fraudulent claims and compliance issues can be given by a medical billing audit to your practice.
- This becomes essential when you are doing services through Medicare.
- Apart from just helping your practice to increase profit, a medical billing audit can also help you to avoid wide-ranging fees for Medicare reporting mistakes.
- Medical auditing helps to verify ICD-10-CM and electronic health record (EHR) meaningful use readiness
