Enhance billing precision and optimize revenue flow through GM Analytics Solutions’ streamlined charge entry process.
Charge Capture Services
At GM Analytics Solutions, we follow a meticulously designed charge entry process. We meticulously conduct required checks at each stage, ensuring error-free charge entry services for our clients.
The Charge Entry Process in Medical Billing
- Proactive Claim Tracking: We diligently monitor and follow up on all outstanding claims, ensuring every claim is tracked through its lifecycle to expedite reimbursement.
- Timely Follow-Ups: Our specialists regularly engage with payers to ensure claims are processed without delay.
- Status Monitoring: We provide real-time updates on the status of your claims, keeping your team informed and focused on critical follow-up activities. This proactive approach maximizes your chances of timely payment.
What is Charge Capture?
Charge capture involves providers documenting all patient details in the medical record, assigning codes for claims, and translating these codes into charges for billing.
When to Perform Charge Entry?
Once a physician completes a scheduled appointment, they should share all required details with the billing staff to enter charges. The goal is to post charges the same day services are rendered, reducing the time to get paid by insurance companies. Setting a goal for the number of acceptable days to post charges is recommended.
Handling Incomplete Charges
Incomplete charges occur when appointments do not have charges posted in patient accounts. This situation can occur if a billing person overlooks a charge marked on the encounter form or if the physician fails to mark all charges appropriately. Regularly running missing charges reports from the medical billing software helps identify appointments with no charges posted. Reviewing charts with encounter forms against posted charges can identify partially missed charges, facilitating monitoring of staff responsible for charge posting.
Accurate Coding
Numerous practice management and billing software systems incorporate claim scrubbers, which detect errors in claims prior to submission. These systems flag these errors, allowing billing experts to rectify them before claims are sent out. For instance, during a coding edit, a non-billable code might be flagged due to a recent code change. Ensuring your practice management system is updated with the latest CPT®, ICD-10-CM, and HCPCS Level II codes is essential.
Benefits of Using GM Analytics Solutions for Charge Entry
- Increased Accuracy: Our meticulous approach ensures accurate charge entry, reducing errors and minimizing claim denials.
- Improved Cash Flow: Timely and accurate charge entry accelerates reimbursement, enhancing cash flow.
- Proactive Management: Real-time updates and proactive follow-ups keep you informed and ensure claims are processed efficiently.
- Compliance Assurance: We stay updated with the latest coding regulations, ensuring compliance and maximizing reimbursement potential.
- Enhanced Efficiency: Our expert team alleviates administrative burdens, enabling you to prioritize patient care.
- Ongoing Support: Continuous training and education keep our team at the forefront of industry best practices.
Our billing team has extensive experience and a deep understanding of the US healthcare industry. By partnering with GM Analytics Solutions, you can streamline your charge entry process, reduce errors, and boost your collection efficiency. Contact our billing experts today to learn more about how we can help optimize your revenue cycle management.
Monday- Friday: 09:00 am - 06:00 pm
Saturday - Thursday : 8:30 am - 10:45 pm
