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The bill drops here. Concurrent coding reduces billing delays, improves accuracy and saves time and money
Problem:
Salinas Valley wanted to improve its reporting procedures to payors for reimbursement. Delays in reporting referred outpatients and inpatients can significantly impact receipt of reimbursements from payors.
Solution:
Salinas Valley developed a program of concurrent coding in which every procedure is assigned a reimbursement code that is automatically registered in the patient's B/AR record when the procedure is logged into any of the clinical applications in the healthcare information system.
Results:
Quicker turnaround on receiving payments from payors, as well as an increased return on investment as the ratio of reimbursement to cost-of-time-spent increases.
Keys To Success:
Integral to the success of the concurrent coding review program was the openness of the operating system at Salinas Valley.