Are you considering an IT system conversion, such as Epic, Cerner, or Allscripts? Perhaps you plan to consolidate multiple IT systems to a single module or update to the current version of the platform you are using now. These are all critical decisions for keeping your healthcare system chargemaster software and processes running smoothly.
But what happens before you start a conversion, consolidation, or update is even more significant. The chargemaster data and charge capture software for your system conversion must be pristine before initiating the IT system change. You will be modeling the new system to enhance the current data and workflows. When done correctly, efficiencies can be exponential. When built based on flawed data, it can be disastrous. Here are the top reasons you need a pre-conversion review.
Predicting outcomes lets you monitor success
Predetermining outcomes is fundamental to any architectural change, including switching from an existing chargemaster software to a new one. Predictability is critical before implementing a new system. Before implementation, improving charge data allows our built-in auditing process to ensure clients will not lose revenue due to an unknown accidental MIS mapping or charge capture education gap.
It costs money to build with erroneous data
When pre-existing flawed data and charge capture processes become part of a system installation, the work effort to uncover and correct such charging problems can take on monumental hours and result in ongoing lost net revenue.
A baseline will identify issues
IT system builds are deadline-intensive and complicated. Workflows can become flawed, leaving a financial impact beginning with day one. A baseline review using controlled chargemaster software and predictable clinical charging workflow before and after the implementation allows for predictable revenue outcomes. Moreover, it provides immediate identification of charging problems that can be spotlighted and instantly adjusted or corrected.
Plan well to reap the rewards
Implementing a new IT platform such as Epic, Cerner, or Allscripts can be one of the most complex and critical tasks on which your IT and Revenue Cycle Teams will collaborate. It can also yield tremendous results and eliminate redundancies when approached in the right way. Otherwise, pre-existing data and charge capture software errors may be magnified or made evident with an IT installation, resulting in consequential financial damage.
Agile CDM software will monitor usage fluctuations through the transition
Your chargemaster requires agile software and support throughout the IT system transition—such as CMNavigator® SaaS—to adjust to the new charge structure. Volume fluctuations are impossible to detect if your chargemaster and ordering components are not consistent with the pre-existing charging structure.
MedCom Solutions creates patented technology and state-of-the-art software to help medical service providers meet rapidly escalating and changing medical billing demands. Our Chargemaster, Pricing, and Compliance solutions have yielded hundreds of millions in net revenue for healthcare providers across the country.
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