- Coding Services
Regular Audits to maintain High Compliance Standards
Regular coding audit services constitute a vital component of a healthcare facility or provider’s internal compliance plan. Typically conducted annually, these audits involve random or focused sampling of data over a set period. While compliance plan-driven audits are beneficial, healthcare institutions and providers mustn’t overlook the necessity or value of additional audits.
At AnnexMed, our comprehensive coding audit services cater to all service types and specialties within healthcare settings. These audits are instrumental in mitigating coding compliance risks, reducing coding-related denials, and seizing revenue opportunities that might otherwise be missed. Our audit sample selection targets high-risk areas and identifies revenue and quality-impacting opportunities, ensuring a focused approach.
What sets our Coding audit services method apart is the thorough examination of both coding and Clinical Documentation Improvement (CDI) processes. Our team of credentialed audit experts collaborates with healthcare organizations to assess deeply, report findings, and provide essential training. Staying abreast of regulatory changes, our expert audit team ensures ongoing compliance, helping mitigate risks effectively.
AnnexMed conducts comprehensive coding audit service reviews and charge capture audits, pinpointing potential under or overbilling of services. This meticulous analysis aims to enhance overall billing accuracy and integrity, optimizing revenue streams.
Moreover, our audit reports are customizable, tailored to each client’s specific needs. These detailed reports pinpoint error trends, facilitating targeted coding staff education based on results. Our coding audit services identify performance improvement opportunities by evaluating the strengths and weaknesses of coding, documentation, billing, and reimbursement practices.
Coding Audits capabilities include:
Hospital Coding
Audits
Physician Specialty
Coding Audits
HCC
Audits
Charge
Audits
Service Highlights
- Credentialed Auditors
- Comprehensive audit reports
- Compliant Coding Practices
- Education and Training
Benefits
- Reduce coding compliance risk
- Prevent missed revenue opportunities
- Avoid payment recoupment from external audits
- Identify areas to improve clinical documentation
Achieve Measurable, Proven Results
Costs Reduced
upto
DNFB Reduced
upto
Reduction in DNFB accounts
Improve Productivity
upto
Reduction in AR
upto
36%
Improved Collections
upto
98%
Reduce Denials
upto
Decrease in denial rate
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