Chart Audits
Medical record auditing is a preventative measure to catch potential errors that can result in liabilities and investigations. For example, these reviews can catch overlooked compliance issues that could impact your bottom line, your practice’s reputation, and the level of care you deliver to patients.
Some of the benefits of medical record auditing include:
- To determine outliers before large payers find them in their claims software and request an internal audit be done.
- To protect against fraudulent claims and billing activities.
- To reveal whether there is a variation from national averages due to inappropriate coding, insufficient documentation, or lost revenue.
- To help identify and correct problems before insurance or government payers challenge inappropriate coding and conduct governmental investigations.
- To remedy undercoding and code overuse and to bill appropriately for documented procedures.
- To identify reimbursement deficiencies and opportunities for appropriate reimbursement.
- To stop the use of outdated or incorrect codes for procedures.
Auditing is especially important to catch mistakes that may otherwise go undetected and impact your bottom line. A medical records audit can also protect your holistic practice against fraudulent claims and compliance issues.
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