MedPartners has the ability to offer a wide range of services to your team, many of which are targeted at helping your organization prevent lost revenue. We take a very unique approach in helping facilities recognize areas of improvement, providing tools to help our clients improve efficiencies so all resources are being utilized to their fullest potential. Here is a sampling of some of the solutions we put into action for our clients:
Implementation of a team-based approach.
Most organizations are divided into departments that work independently as siloes, often resulting in a lack of communication and cross-collaboration among staff. The MedPartners team evaluates each of your facility’s departments, including Care Management, Clinical Documentation Improvement and HIM, to strategically reduce the silo-effect and eliminate the occurrence of double-work, poor communication and ineffectiveness among your employees.
In evaluating lost revenue, it’s critical to look closely at staffing levels. Recent studies show that roughly 50 percent of Case Management departments are understaffed by two or more FTEs; this often results in inadequate status reviews leading to denials. Correcting staffing imbalances is critical in determining the best ways to recover lost revenue related to insufficient labor.
Evaluate documentation procedures.
In addition to evaluating communication among your teams, we also pay close attention to procedures especially pertaining to documentation and staffing numbers. With over 30 percent of hospitals lacking a formal Clinical Documentation Improvement Program, we make it a priority to evaluate your facility’s staffing levels in order to ensure reimbursements are being processed.
Despite how closely you may evaluate your HIM practices, having the assessment and services of a third party will allow you to improve your internal processes. Make it a priority to invest in a staffing partner to improve your bottom line!
Do you know if your organization is experiencing lost revenue?
Get in touch with MedPartners and learn how our team of specialists can address all of your organization’s health information management needs.