Almost three-quarters of struggling hospitals are re-prioritizing revenue cycle management over a number of other initiatives. A recent Black Book Market Research survey uncovered that hospitals leaders are pushing revenue cycle management to the top of their priority lists in this last quarter of 2017. The Black Book Research indicated that 74 percent of struggling hospitals are putting population health, analytics, physician practice acquisitions and recruitment, and patient engagement on the back burner to reprioritize revenue cycle management through Q4 2017.
The survey of over 6,000 financial and business operations leaders at health systems, as well as more than 5,600 physician practice and other care site leaders, also showed that profitable hospitals are focusing on revenue cycle management as 2017 ends. Ninety-four percent of financial leaders in hospitals performing at viable margins report successful revenue cycle management transformations and have plans to upgrade to tools such as RCM dashboards, analytics and upgraded business intelligence solutions.
Aviacode offers several solutions that will keep your revenue cycle performing at its maximum capacity. Our Coding Compliance and Audit Services provide a comprehensive accuracy review of coding-related practices aimed at maximizing your revenue efficiency, identifying potential coding compliance risks, and stopping coding-related denials.
We can help you find problems before they become a challenge for your organization. Even the best of employees can make mistakes that can impede your cash flow. Aviacode provides a comprehensive accuracy review of your current coding process, which will identify mistakes and help prevent future coding-related denials. We then provide accurate and comprehensive reports that offer actionable information to improve your revue cycle management.
Our experienced and credentialed auditors are compliant with the latest coding guidelines and changes to ensure that your audits are accurate, consistent, and comprehensive. Audits are completed and reports returned typically within three weeks. In addition, we can provide provider and staff education tailored to meet your needs as desired.
Aviacode auditors utilize ProAuditor software, our proprietary application developed to streamline and standardize audits, and provide audit results that are actionable and easy to understand. ProAuditor, along with our expert auditors, provide a powerful combination to help identify corrective actions, and provide support and training to make them happen. We offer chart audits to any size organization, from stand-alone physician clinics to multi-site hospital facilities.
Our Coding Denial Management Services provide a cost-effective pre-claim review solution to ensure that appropriate payment is received for services provided. Denied claims are lost money, especially when claims never get resubmitted. Sifting through the thousands of denial reasons to identify and correct errors is time consuming and costly. Most administrative staffs are ill-equipped or lack the time to tackle this monumental task.
Aviacode’s Coding Denial Management team is committed to improving your coding-related denial management process so you can free up cash and increase revenues. Our denial management process uses a highly effective workflow and process which includes top certified coding professionals. Outsourcing your coding denial management to Aviacode will help you increase income, reduce lost reimbursements, and minimize coding and documentation issues.