Coding audits have to be conducted regularly
for any kind of healthcare organization, whether it’s a tiny clinic, a large
hospital, or a physician group. Different organizations have different
schedules for conducting coding audits. Ideally, monthly coding audits can save
organizations not just a great deal of money, but valuable time as well.
 | |
| Improve Coding Accuracy With Professional Coding Audits - Vee Technologies |
There is a wide range of coding audits that
can be implemented depending on the organization’s requirements. Examples are
RAC audit and RAC audit support, DRG validation, coding revenue integrity
audits, evaluation and management coding audits, etc. There are specific
applications and scenarios for each of these coding audits in the field of
health information management.
Even if things are going smoothly, professional
coding audits can make a huge difference in the end. It can result in much more
accurate coding as well as revenues which benefit both the patient and the
healthcare organization.
For healthcare organizations that have niche
specialties, the complexity of the coding would require more frequent coding
audits. Frequent coding audits may also be required if there are new or
inexperienced medical coders. Conducing coding audits frequently helps to
reduce the error percentage in coding which leads to better reimbursement rates
as well.
Coding audits also help in maintaining better
compliance with the latest regulations, thus saving organizations from losing
thousands of dollars in penalties or fines. This leads to less frequency of
fraudulent claims as well as less stress.
Professional coding also helps get greater
revenue by lessening the underpayment percentages. In-house coders and
providers also get educated in better coding which leads to lesser errors and
better outcomes.
There are a lot of things that professional
coding audits do to help optimize and streamline the healthcare revenue cycle,
from complying with regulations, timely and accurate adjudication of claims,
denials reductions, etc.
Vee Technologies provides end-to-end services
in coding audits which makes a difference for the better in healthcare organizations.