Conduct a Charge Audit to Increase Revenue Opportunities

A major component of successful revenue management is accurate charging for services provided. Charges must be identified, posted timely and completely. Hospital charge capture is typically handled by the department that provided the service. Professional charges may be posted by the provider. In either case, the function may be a low administrative priority with little to limited training for charging activities. Coordination between departments may not be established. Accountability for correct charging may be minimal. There may be no formal policies or baseline controls for correct charge capture. Different systems may be used for charging and reconciliation. An effective charge audit can identify lost revenue opportunities. Join this webinar by our expert speaker who will guide on how to conduct a charge audit to increase revenue

Webinar Objectives

Why Errors Occur

• Multiple departments entering charges
• Chargemaster may be incorrect or incomplete
• Error in number of units selected
• Error in item selection
• Inactive charge
• New service not added
• Incorrect revenue code/cost center
• System conversions
• Overreliance on claims scrubber

Webinar Highlights

Charging Errors Cause:

• Creates patient dissatisfaction
• Creates extra work
• Delays reimbursement
• Causes incorrect reimbursement
• Common areas of error
• A look at certain problematic departments
• How strong is your billing staff?
• Reducing the error rate
• Is your chargemaster the culprit?
• Ambiguous documentation

Who Should Attend

• Physicians
• Practice managers
• Medical assistants
• Nurses
• Compliance staff
• Billers
• Coders
• Revenue Cycle
• Risk Management