Harmony Insight

According to research from the Healthcare Financial Management Association, "up to 1% of a health system’s net charges come from lost charge capture opportunities." Even a 1% loss in these charges associated with payment for services provided "based on a health system’s master list of all billable services" can be significant. Some healthcare providers may see charge capture activities as a lower priority administrative function. Some revenue cycle leaders don't prioritize discussion of charge capture challenges either. This lack of prioritization as well as when charge capture opportunities are overlooked and when there is inadequate coordination between departments responsible for…

Let’s say you get a deal at the store on some of your favorite movies. You get comfortable, make the popcorn, and sit down - only to realize you don’t have a device on which to play your new flicks. Some technology in healthcare is like that. It boasts a plethora of features and has a sleek design, but it doesn’t integrate well with other software solutions. Therefore, it doesn’t enable healthcare providers or payers to realize its full benefits. We've explored how many healthcare providers have been frustrated with the lack of interoperability between technologies designed to streamline workflows…

Revenue integrity experts are crucial to identifying and preventing recurrent issues that can cause revenue leakage, degradation, and compliance risk. They are the glue that binds clinical operations with coding and business office functions within any care setting to optimize revenue.  Different team members have various skill sets and expertise, but they all work together to validate quality reporting, provide compliance, and diminish risk while driving efficiencies. This collaborative effort is especially important as clinicians involved in charge capture record information for medical coders. These coders must remain compliant when relating diagnosis and procedure to each claim.   As coding continues to…