5 Benefits of a Hospice Coding Partner
Between hospice coding changes, the sheer volume of codes to choose from, and unplanned employee absences, hospice coding can take significant time, often resulting in a backlog. Partnering with a hospice coding services company can help your agency ensure accuracy and turn claims around quickly.
Here are some benefits of working with a hospice coding partner:
Receive Full Payment for Your Services
Coding mistakes often result in denials, underpayment, and overpayment for services provided. Utilizing a hospice coding services company that employees experienced, certified hospice coders ensures that you are paid in full for your services while preventing denials and overpayments.
Reduce Your Risk of Audit & Takebacks
When your claims are clean and accurate, your risk for takebacks, RAC audits, and ZPIC audits is minimized. When evaluating hospice coding companies, ask if coders are regularly educated on all changes in rules and regulations, so you can rest assured that your claims are correct every time.
Accelerate Your Cash Flow
Partnering with an experienced, hospice coding services company will speed up the reimbursement process while reducing unpaid or denied claims. Should they arise, significant experience in addressing issues that could affect reimbursement allows for quick resolution and resubmission.
Reduce Your Coding Backlog
Coding in-house puts your agency at risk for unplanned employee absences or staff changes. Working with a coding services company ensures that you have a team of experts working to code claims quickly and accurately, leaving your hospice less susceptible to cash flow disruptions.
Have Peace of Mind
Knowing that your coding is being managed by a team of experienced, certified experts provides reassurance that your claims are accurate and complete, so you can focus on patient care.