Charge reviews can beef up bottom lines.
Traditionally, healthcare organizations have been reluctant to pursue charge reviews until pressed to do so by third-party challenges to their charges. But a hospital pursuing either a concurrent or retrospective review may realize significant revenue enhancement--and not only from correcting undercharges on charge-based accounts. Charge reviews can lead to smoothed patient documentation, better cost accounting, more appropriate Medicare payment, and, ultimately, an improved bottom line.
M C
MC
Hendershot
D003211:Concurrent Review; D005249:Fees and Charges; D005375:Financial Audit; D005377:Financial Management, Hospital; D007182:Income; D007349:Insurance, Health, Reimbursement; D010350:Patient Credit and Collection / Q000592:standards*; D014481:United States