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Hospital Charge Capture Services

Significant Opportunity to Improve Reimbursements

It is critically important to capture and properly submit claims for all professional services rendered by all providers associated with hospital operations. Whether related to Emergency Department or Urgent Care Part B services rendered, or professional fee services rendered by hospital-employed physicians, or by providers making rounds to visit inpatients, hospital charge capture is often an area where significant opportunity exists to improve reimbursements.

Paper-Based Charge Capture Can Hurt Your Revenue Stream

For hospital-affiliated, independent physicians, rounding lists are typically faxed daily to each affiliated practice, with providers inefficiently organizing their rounding from printed copies of those lists. CPT and diagnosis information is then typically recorded manually on cards or in some other paper form, for later submittal to billing staff, inefficiently and inconsistently.

Similar paper-based systems are often used by hospital-employed providers, with similar results in terms of lost charges and delays in claim submittal. In many cases, providers respond to such paper-based, low technology solutions by avoiding the charge capture process entirely, which results in serious revenue loss.

Implementing an Electronic Revenue Cycle Management & Charge Capture System

Precision specializes in supporting the implementation and revenue cycle management of hospital charge capture systems, both in terms of implementing the technology itself and in training providers and support staff on the proper workflow required to easily and completely ensure the capture of all charges.

The investment required to make critical gains in this area is not a substantial one, as software solutions are available that easily pay for themselves, and do so quickly. Providers will appreciate being able to capture their charges on an iPhone or iPad, from rounding lists that are online for their viewing. 

Providers can also have CPT and diagnosis information automatically download for entry into the practice management system of their choice. 

Improve Your Financial Results

Precision can help analyze the gains to be made from a more efficient hospital charge capture system, and can then take full responsibility for implementing the chosen system and realizing the targeted return on the investment made.

“We are so pleased to have Precision managing our medical billing for us. They cleaned up all the mess caused by our previous billing company, working through revenue cycle problem after problem, digging in and finding solutions for us. They have greatly improved all of our internal processes and their monthly reporting is very complete and thorough. The practice gains greatly from the monthly meetings we have with them. Precision consistently works well with our office staff to get things done. I have to say things have never run so smoothly.”