Infusion coding is one of the most complex billing environments in hospitals today. Besides the complicated hierarchy in which services must be coded, converting start and stop times requires careful attention to detail and deep knowledge.
UNDERREPORTING INFUSION THERAPIES
For example, one audit showed a hospital was underreporting 60% of its infusion therapy services. Another hospital found that half of its infusion services were not properly charged. In both instances, significant revenue was “left on the table.”
This can be especially true in Emergency Departments, where inaccurate coding and charging results in the loss of millions of dollars of revenue.
ACCURACY AND COMPLIANCE OF INFUSION CODING
There’s also the problem of accuracy and compliance.
Because of the complexity of infusion therapy, the process is ripe for audits by recovery audit contractors (RAC).
NO MORE INFUSION CONFUSION
Imagine if there was software that automatically captured and then converted start/stop times into correct codes — with no human intervention.
Imagine further if all of the complexity of codes was built into the software so that the right codes were sent to billing with 100% accuracy and were 100% compliant?
CHARGE INFUSION: INFUSION CODING HANDLED AUTOMATICALLY
CHARGE INFUSION is a sophisticated software product from MedAptus that takes the guesswork out of infusion coding. Built by a company with 18 years of charge capture and coding experience, CHARGE INFUSION helps hospitals better manage their infusion therapy operations.
WHAT ARE THE BENEFITS OF AN AUTOMATED INFUSION CODING SOLUTION?
- 100% Compliance
- 100% Accuracy of Codes
- 100% Efficiency. Re-purpose coders to more important areas or give nurses more time for patients.
- Coding training and paper costs eliminated, saving money and time.
NEW REVENUE FOUND
One of the most important benefits of implementing a fully automated and computer-generated infusion coding system is the ability to find new revenue that hospitals discover by finding unreported infusion times.
AN INFUSION CODING SUCCESS STORY
A well-known, major cancer center implemented CHARGE INFUSION as part of its efforts to improve operations. The result — the software generated $3.4 million in new revenue in 8 months. In addition, the center was able to reduce the number of coders handling infusion therapies from 6 people to 2 — for 130,000 infusion events.
Want to learn more about CHARGE INFUSION? Call or email us and let’s have a discussion.