As hospitalists navigate the unique challenge of patient care across multiple facilities, the value of a streamlined billing solution becomes undeniable. A revenue cycle management (RCM) company that uses technology to streamline billing operations can become an invaluable partner, easing the complex task of billing for hospitalists.
It can be complex to manage care across different hospitals, each with its own specific unit layout, EHR software, and reporting requirements. Capturing charges often becomes a second priority for providers when you factor in that hospitalists want to maximize time on patient care and typically have little time between encounters. When providers are pushed to the limit, charges may be lost and forgotten altogether, leading to decreases in practice revenue.
The best RCM partners use cutting-edge technology to streamline hospitalist billing workflows and improve communication. A streamlined billing process often begins with an efficient charge capture solution that saves providers time, such as in pMD’s one-tap Instant Capture feature.
With hospitalists typically working across different locations, collecting and updating the correct patient information becomes another crucial element to consistent patient care and accurate billing. A common problem we have seen with these providers is finding a way to get accurate patient demographic data back to their billing team efficiently. A great RCM partner will encourage the use of a mobile, cloud-based platform that saves providers time by integrating with hospital EHRs and using advancements such as AI to automate the collection of verified patient demographics, ensuring efficient handoffs to the billing team. Think of it as upgrading from a manual car to an automatic one; the ride is smoother, and the controls are easier to manage.
Moreover, an effective revenue cycle partner will leverage the same software to automate certain steps in the billing cycle, significantly reducing administrative burden, minimizing errors, and enhancing productivity. As we saw in a previous post, automation in the billing process, from claim submission to tracking and reconciliation, ensures a smooth operation and optimized revenue. A study in the Journal of Hospital Medicine found that hospitalists using automated tools for patient handoffs saw a decrease in communication errors, which led to improved patient outcomes and more accurate billing. The RCM company that provides an efficient hospitalist billing solution will help providers spend less time billing and more time on patients, a win-win.
Here at pMD®, our mission is to streamline and optimize as many areas of the patient care episode and the revenue cycle as possible. Through our advanced, end-to-end practice management and revenue cycle solutions, we can help practices consolidate vendors, reduce costs, streamline workflows, improve patient care and satisfaction, and collect your maximum reimbursement quicker.
Not sure what a vendor could do to improve your behavioral health billing? Contact pMD® for a no-commitment financial impact analysis by our team of healthcare RCM experts free of charge!