"It's time for an audit." Say it out loud, and you may hear groans and sighs. Yet close inspection of your coding processes should never actually hold a negative connotation.
On the contrary, a coding compliance audit is an imperative step toward continuous improvement of your coding operations, which will positively impact your revenue cycle performance. Yes, audits are for coding teams who wish to improve!
CODING COMPLIANCE EQUALS PEACE OF MIND
There are many reasons to audit your coding operation, especially for compliance. For instance, CPT, ICD-10 and HCPCS code sets are updated and published annually so the need to audit for compliance is continual — and that’s without even mentioning the time-consuming, difficult task of keeping up with Medicare and other payers’ medical policies.
"May you audit often and audit well!" - MediRevv proverb
Hiring an external source to audit for coding compliance will uncover any issues with current regulations so they can be corrected or prevented proactively. An external audit will also reduce the risk of improper documentation and mistakes, minimize the risk of fraud and ensure that Medicaid and Medicare standards are being met, among other important goals.
WHAT CAN YOU EXPECT FROM THE WEBINAR?
If you’re wondering where to start, why to audit, what type of audit to pursue, or what results to expect, start with our 11-minute on-demand webinar, Just Audit!