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Learn MoreRevenue integrity professionals are front and center as HealthStream joins the National Association of Healthcare Revenue Integrity to celebrate Revenue Integrity Week.
This is the time to honor the professionals whose diligence and dedication ensures the smooth operations of healthcare providers across the entire patient-care continuum. It’s also a great opportunity to discover ways to help them increase efficiency and performance, says nThrive, a HealthStream partner providing healthcare entities the payment-infrastructure and revenue-cycle resources needed to fully support their operational goals of providing outstanding care.
A recent nThrive blog offers that “Making improvements to the revenue cycle is an evergreen effort for healthcare providers who understand the importance of continual outcome growth and patient satisfaction. Key to strengthening revenue cycle performance is a strong revenue integrity program.”
There are seven key strategies in the middle of the healthcare revenue cycle—primarily within Clinical Documentation Improvement (CDI), Charge Description Master (CDM), and Charge Capture Audit or Improvement (CCA or CCI). These following strategies can result in accurate and true reimbursements, consistent compliance, and positive quality reporting:
Clinical documentation quantifiably affects the revenue cycle. DRG assignments and medical coding affect medical billing and, if assigned erroneously, can lead to denied claims or inaccurate reimbursements. How thorough is your physicians’ documentation?
In a typical CDM, about 30 percent of items are coded and about 70 percent are not, creating the potential for lost revenue. It is possible that some non-coded items should be coded, and valid codes are only half the answer to a best-in-class CDM. The other half is ensuring codes are correct, which can be an overwhelming task given their number and constantly changing nature.
Most patient accounting systems lack the ability to link the cost of supplies to the CDM, resulting in missed revenue opportunities. Disparate databases and operating silos, however, are not acceptable when every dollar counts.
There is plenty of healthcare pricing data available publicly; the problem is that most of it is 12 to 18 months old. To establish a defensible pricing strategy, your health system is better served by accessing current, relevant data that enables custom comparison-to-market pricing results. This helps a healthcare organization quantify the revenue impact of pricing scenarios and establish your audit trail to substantiate pricing changes. A sound pricing strategy compares pricing to CMS, national, state, hospital, and custom benchmarks; cost and relative value unit (RVU Medical Data), and fee schedules. New codes should be introduced in your system annually.
The CDM is a complex, dynamic part of the revenue cycle that must be continually tracked, updated, and accessed by multiple departments. Manual processes that are inefficient and error-prone can lead to delayed or incorrect reimbursement; it is essential to improve performance through automation. With automation, staff can request changes and additions to the CDM, streamline approval and tracking processes, consolidate multiple CDM information sources, and track and audit requests status and change history.
A charge capture improvement program automates the review of 100 percent of patient bills to look for missing charges, overcharges, and coding errors on services rendered before claims are submitted. When errors are found, the technology suggests changes, quantifies potential revenue impact to aid prioritization and connects the right parties to solve problems before billing—thus avoiding rework and late charges. Best practice processes and reporting open the door for the revenue integrity staff to identify trends upstream in the billing process so they can prevent future issues—an important feature in adapting to regulatory changes.
A charge capture-improvement program does what a thousand nurse auditors cannot: Using guidelines from multiple sources to provide standard and custom rules, it implements as-needed rule modifications, adds new rules regularly, and maintains the specialized coding rules, including Medicare Recovery Audit Contractor focus areas.
“Fix your CDI and Charge integrity issues and you improve revenue integrity,” nThrive advises. “Improve revenue integrity and enhance your revenue cycle, positioning your organization to step up your quality of patient care and health solutions—a critical differentiating factor in this value-based healthcare arena.”
Read the original nThrive blog post.
For these reasons and many others, the importance of revenue integrity, and supporting those tasked with it, cannot be overstated, adds Susan Gurzynski-Wells, MS, RHIA, Senior Product Manager, Revenue Cycle, for HealthStream.
“Revenue integrity aligns for all hospitals with the need to be ethically mindful and morally upright,” she says. “While being fully compliant in coding and billing practices, this reduces the risk of costly downstream efforts, such as managing external audits and even payment denials. Revenue integrity brings operational efficiency and workforce harmony.”
HealthStream honors and applauds the hardworking revenue integrity professionals, in every organization, who rise to the complex challenges of their profession every day. Supporting them with the best tools and platforms is paramount to their success.
For more information on HealthStream’s Revenue Cycle Solutions. click here.
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View All Learning & PerformanceHealthStream offers performance learning management solutions to help develop your healthcare staff into leaders and reduce turnover.
View All ProductsHealthStream works with healthcare organizations to create engaging and high-quality training videos for your staff and management.
View All ProductsImprove care quality and save money by making informed decisions about your healthcare facility and staff with HealthStream's reporting analytics solution.
View All ProductsHealthStream's proven methods for the improvement and overall engagement of your healthcare staff foster a positive workplace and increase retention rates.
View All ProductsWhen you enact HealthStream's quality compliance solutions, you can do so with the confidence your healthcare organization will meet all standards of care.
View All Quality & ComplianceBe confident in your staff’s ability to reduce risk by providing compliance training that changes behavior.
View All ProductsDevelop next-level people for next-level care by prioritizing quality and safety improvements.
View All ProductsEstablish a culture of belonging with education supporting DEI, wellness, engagement, and leadership development.
View All ProductsUtilize patient access solutions and advanced reimbursement solutions to manage clinical denials and improve your organization’s reimbursement strategy.
View All ReimbursementExpand the decision-making skills and effectiveness of your healthcare workforce with HealthStream's clinical development programs and services.
View All Clinical DevelopmentLearn about our advanced resuscitation training solutions. Our solutions are designed to help improve patient outcomes.
View All ProductsOur competency development solutions personalize learning for clinicians to bridge the gap between theory and practice for your nurse residents.
View All ProductsEnhance maternal & child nursing care with solutions focused on improving the quality of care for mothers, infants, and children.
View All ProductsAddress staffing orientation challenges to easily achieve and maintain certification with our emergency and acute care training solutions.
View All ProductsAs a premier provider of healthcare education, we are committed to promoting safer, more successful surgical and sedation outcomes for each and every patient.
View All ProductsOur solutions are designed to cater to the needs of patients, healthcare professionals, and organizations dealing with illnesses or chronic conditions.
View All ProductsMake sure your healthcare staff can schedule out appointments and work schedules with ease using HealthStream's line of software solutions.
View All SchedulingHealthcare workforce management is essential. We provide advanced scheduling solutions for organizations to solve issues such as nurse retention
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View All CredentialingOur affordable CVO credentialing services establish patient safety by enabling primary source verification for your healthcare organization.
View All ProductsIntegrate with Epic to validate and add new providers directly to your provider master file.
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