Pre-bill audits are a vital tool for healthcare organizations to ensure compliance and optimize revenue. These audits play a crucial role in identifying coding and billing errors before claims are submitted, minimizing the risk of denials, audits, and penalties. At Asandum, we offer tailored pre-bill audit services to meet the specific needs of each organization. Our team of experienced professionals collaborates closely with clients to develop a customized audit plan that addresses their unique challenges and objectives.
Our pre-bill audit process entails a comprehensive review of medical records, coding, and billing practices to ensure adherence to all relevant regulations and guidelines. We meticulously examine these areas to identify any potential compliance issues and make necessary corrections. Moreover, we also focus on optimizing revenue by identifying opportunities for improvement, such as undercoding or missed charges, to ensure that organizations capture the full revenue they are entitled to.
OPTIMIZE REVENUE & MINIMIZE REVENUE LEAKAGE
• Conducting a thorough analysis of revenue cycle processes and identifying areas where revenue leakage may occur. • Ensuring that all services provided are appropriately coded and billed in accordance with payor requirements and industry standards. • Streamlining billing and collections processes to minimize delays and reduce the risk of denied or rejected claims. • Improving patient registration and insurance verification processes to ensure accurate and timely billing and collections.
REDUCE THE RISK OF CLAIM DENIALS, AUDITS & PENALTIES
• Conducting regular audits of claims and billing processes to ensure compliance with payer requirements and industry standards. • Ensuring that all required documentation is complete, accurate, and submitted in a timely manner to support claims. • Providing ongoing training and education to staff on payer policies and procedures, as well as best practices for claims submission and management.
IMPROVE CODING ACCURACY & COMPLIANCE
• Conducting regular coding audits to identify areas of improvement and ensure compliance with coding guidelines and regulations. • Providing ongoing education and training to coding staff to improve their skills and knowledge of coding guidelines and regulations. • Implementing coding software and technology to assist coders in selecting appropriate codes and reducing coding errors. • Developing and maintaining a coding compliance program to ensure that all coding activities are consistent with applicable laws and regulations.
IDENTIFY AREAS FOR PROCESS IMPROVEMENT AND STAFF EDUCATION
• Conducting regular process audits to identify areas where processes can be streamlined or improved. • Analyzing data and metrics to identify patterns or trends that indicate areas where staff education or training may be needed. • Soliciting feedback from staff to identify areas where they feel they need additional support or training.