You may have heard the nightmare stories about revenue loss and charge issues related to Epic go-lives. But, Epic isn’t the problem. However, Epic does tend to magnify existing issues within the CDM and charging process. Therefore, it’s essential to ensure that you collect every cent owed to you prior to an Epic conversion. Additionally, you must correct any errors in these areas before the Epic build and conversion to avoid making the problem worse by installing a new system based on inherently flawed data.
Chargemaster software’s pre-and post-implementation controls ensure the complete transition of your patients’ service charges. Without the appropriate software, this is essentially a futile task.
During the transition to Epic, your Chargemaster requires agile software—such as CMNavigator® SaaS—to adjust to Epic’s structure. Volume fluctuations are basically impossible to detect if your Chargemaster and ordering components aren’t consistent with the pre-Epic charging structure.
These builds are convoluted and complex, and flawed data can even creep into your new workflow. Using controlled Chargemaster software before and after the implementation prevents revenue workflow disconnections, thereby avoiding revenue leakage.
If your business is planning an IT system conversion, be sure to look before you leap. Contact our professionals today to discuss the proper audit and planning protocols to guarantee revenue integrity as you transition your data and technology.
MedCom Solutions is known for our state-of-the-art software and patented technology designed to support medical providers as they meet rising and ever-changing billing demands. Across the country, healthcare providers have earned hundreds of millions in net revenue by taking advantage of our Chargemaster, compliance, and pricing solutions.
Revenue Cycle Management (RCM) is a critical process in the healthcare industry, especially within hospitals. It encompasses the entire financial lifecycle of a patient’s interaction with a healthcare provider, from appointment ...
In healthcare today, charges are increasing, reimbursement is tightening, and pricing has become available for the public. Charges must be simplistic and straightforward for consumers to understand. Headlines highlight patients ...
A study summarized on yahoo!finance indicates that the future of Health Care Revenue Cycle Management may include increases in outsourcing. “The study, entitled PatientPay 2022, found 63% of respondents indicated they were ...
Subscribe here to receive newsletters on industry insights.
