Charge Capture and Integirty - Revenue Cycle Services - MBW (2024)

Charge Capture and Integirty - Revenue Cycle Services - MBW (1)

Charge Capture Services
Improve charge capture integrity and accuracy, reduce processing costs, and accelerate cash flow.
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Charge entry is the process of assigning to the patient account an appropriate $ value as per the chosen medical codes and corresponding fee schedule. The reimbursem*nts for the healthcare provider's services are dependent on the charges entered for the medical services performed. Charge Entry must be completed without any errors, as it may increase claim denials. Reduce revenue leakage through an adequate review of medical services provided and save millions of lost revenue. We ensure effective collaboration between the coding and the charge entry teams to ensure that the charges captured are accurate, all procedures all billed for, and the codes ascribed are compliant.

Steps in the Charge Entry process

Our process involves the following steps.

  • Receipt of documents – superbills, charge tickets, and associated clinical documentation via an FTP server, EHR, or document management system

  • Recording the patient demographic information, date of service, billing provider, referring healthcare provider, Point of Service, data and time of admission, ICD/CPT codes, number of units, and modifiers.

  • Workflow automation to provide daily reporting to the customers and facilitate collaboration to ensure compliance to timely filing norms

  • Review of imported charges for accuracy before billing

  • SQC (Statistical Quality Control) to review the quality of the process through a random audit

  • Adherence to pre-defined provider-specific rules for different specialties and services rendered

  • Review of any pending or held documents with the client daily to reduce any backlog

  • We also perform charge audit services to identify any missed charges, instances of over-billing, and medical coding errors

Benefits offered by our Charge Entry Team

Our value proposition:

  • Improve productivity and accuracy of the entry process through defined targets for our agents

  • Often our coding teams perform charge entry as well – depending on the functionality available in the billing software

  • We bring competency across medical specialties

  • Timely filing of claims through improved turnaround time by utilizing our deep global delivery model

  • Tracking of denial trends and benchmark of fee schedules on an ongoing basis to ensure that there is a reduction in claim denial

  • Optimize revenue and identify missed income through charge audit

Client Testimonials

Illinois based Medical Billing Company

“Appreciated very much - the quality of the work done on the charge entry process for the doctors’ office."

Oklahoma based Medical Billing Company

“It means a lot to our company to see the MBW team sacrifice their time to help us all stay afloat. Their work and support help us take care of our clients on the front lines of the nasty virus. I am grateful for their willingness to help us at the expense of their comfort. Medical billing wholesalers’ team can rightly be called “The Power Team” going forward!”

Request Additional Information

To learn about our expertise in Charge Entry Services and how we can reduce your total costs to process, please fill the form below and one of our experts will get in touch with you.

Case Studies

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Staffing shortages affect employee morale, delay patient care, and cause clinician burnout. With the rising inflation, care cost is also increasing significantly. Click here to learn more.

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Claim denials, a chief cause of revenue loss to healthcare practices, are rising across payer types. A primary source of denials is on account of coding-related denials. A comprehensive and focused denial management and appeals strategy will help reduce this revenue loss.

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With rising consumerism, patients have increasing responsibility for payments. The growth of high deductible health plans (HDHPs) is a clear indicator of this trend. It is important to clearly understand the patient's responsibility for payments upfront and determine coverage. Click here to read the entire article.

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On 17th May 2022, Medical Billing Wholesalers was awarded the Platinum award for the Best Rewards and recognition program. Babitha Margaret, our head of HR, received the award at the exclusive HR Distinction Award in New Delhi.

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Healthcare providers must focus on delivering high-quality care while the revenue cycle team manages the reimbursem*nts. Outsourcing accounts receivable and denial management processes to a seasoned outsourced revenue cycle services provider can minimize revenue loss and improve financial outcomes. Click here to view some of the strategies to minimize revenue loss.

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A revenue cycle CFO faces multiple challenges - Declining reimbursem*nts, the need to find money to make investments in technology and automation, and the massive shortage of qualified revenue cycle labor.

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Accounts Receivable (A/R) status has moved from calls to portals. We see increasing relevance for chatbots using conversational artificial intelligence (AI) in A/R and denial management filing. Click here to read more.

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The Healthcare Business Management Association (HBMA) healthcare innovation workshop was held on March 20, 2022, in New Orleans. This year's theme was "Increasing Efficiency in Revenue Cycle Management through innovation. Our CEO, Vinod Sankaran, addressed healthcare industry leaders and revenue cycle experts on "Automation/Changes in Revenue Cycle 2022 & Beyond".

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For medical practices, the practice management software is their lifeline. It helps them register patients, manage appointments, contract with payers, submit claims, and obtain reimbursem*nts for the services they provide. Please scroll below to learn more about few leading practice management softwares.

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In healthcare, the labor shortage is not limited to clinical roles but extends across administrative functions. If you look at the revenue cycle, lack of timely filing and follow-ups can increase denials and result in delayed cashflows. In this blog, we look at some of the strategies revenue cycles CFOs are deploying.

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Learn how we can help you transform your revenue cycle, contact us online or
call us at+1 (214) 252 7994 or email us atinfo@medicalbillingwholesalers.com

Charge Capture and Integirty - Revenue Cycle Services - MBW (2024)
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