Charge Entry is a very important and key step in the Medical Billing Cycle, it is vital that this scope of services is handled by engaging experts who are current with the payor fee schedule for the service rendered. Charge Entry process should be an essential part of everyday billing for increased reimbursement. Let’s discuss how to Optimize Charge Entry to attain targeted financial results.
What is Charge Entry in Medical Billing?
Charge Entry is the process of assigning appropriate dollar value for the service rendered by the physician. Processing the claims with current and updated claim value is a necessary step to ascertain the cost of services is billed rightly for reimbursement.
Possible Pitfalls in Charge Entry Process
Processing Charge Entry without errors or mistakes is a challenge to any billing team as even a typo or involuntary miss can lead to serious financial loss. Often time billers are vary of the insurance policy changes and updates; being ignorant of the fee value changes and continued billing of the old charges results in revenue loss.
Achieving quality in Charge Entry Process is possible only when the below steps are handled accurately:
- Clear and complete documentation of the treatment rendered by the physician. It is essential the physician documents all billable services in the medical report to assist the billers and coders to enter appropriate Medical Codes and Charges to be claimed from the payor.
- Eliminate probable data entry errors and mistakes to achieve internal quality standards.
- Allocate trained and experienced team to handle to major scope of services like Charge Entry
- Look out for policy-related updates or from the Center for Medicare and Medicaid Services (CMS) for changes on the fee schedule
- Indulge a dedicated audit team to audit a certain percentage of daily workflow to ensure quality and compliance standards are met. Also to capture and notify for any repeated errors and flaws in process flows.
With a Medical Billing expert handling, complete Revenue Cycle Management Services optimizing Charge Entry or other scopes of services can produce maximum reimbursement and financial growth to all parties involved.
Benefits of Outsourcing Charge Entry Process
Outsourcing Charge entry to a third-party Medical Billing Company yields increased quality and a higher reimbursement percentage. Listed below are few benefits of Offshore Outsourcing Charge entry and other scopes in RCM.
- Avoid time-lapse as the offshore team provides 24/5 coverage handling most of the data entry work during the night hours in the US, enabling faster claims processing.
- Regular Audits help identify areas affecting the collection percentage and educate the charge entry team to be more cautious. It also helps recognize misses in medical report documentation.
- Eliminate of Control repeated denials arising from the same cause and fix them immediately.
About e-care
e-care India is one of the top Offshore Medical Billing Companies based in India that promises to avoid claim rejections and denials with our expertise and experience. With more than 2 decades in Medical Billing and Revenue Cycle Management Services, our team guarantees to maximize monthly collection with an optimized Charge Entry process. To know more about e-care and its services, Call 813-666-0028 or log on to www.ecareindia.com