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Practice Management Alert

Evaluation:

Evaluate Your Billing Procedures With Internal Audits, Before an Outside Auditor Does

Published on Mon Mar 19, 2012

Starting with a baseline audit will set your practice up for success.Would you pass an audit if a payer auditor showed up at your practice door? You should be using internal chart reviews to evaluate your practice's compliance and billing processes -- before someone else does.Reap Internal Review BenefitsPerforming internal audits can help you ensure billing and coding compliance and may also help you find money you've been leaving on the table. Finding problems early helps alleviate risk. Audits will also uncover inconsistencies in documentation and coding so you can focus your staff education. For example, maybe something conveyed was misunderstood, or confusing, and that will come out in the audit.Tip: Refer to these internal audits as "reviews" to ensure that employees don't hear the word "audit" and panic. Some people equate an "audit" with finding mistakes, but "reviews" are considered check-ups of your coding practices.Start With a Baseline EvaluationYou should [...]
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