Billing Audit Best Practices Featured at MDaudit User Group
Accurate coding, documentation crucial to healthcare
NEWTON, Mass.--(BUSINESS WIRE)-- Hayes Management Consulting announced that its MDaudit™ software user group meeting on May 2 in Las Vegas, NV focused on best practices for healthcare coding review and clinical documentation improvement. MDaudit Hospital and its counterpart for physician practices, MDaudit Professional, are used by healthcare organizations to mitigate risk, increase audit production, and increase accurate coding through root cause analysis. The services of more than 60,000 providers are currently reviewed by MDaudit. Eight of the top ten organizations listed in US News and World Report’s “Honor Roll” of top US hospitals are MDaudit clients.
“Billing compliance auditors are faced with mounting requests for physician audit data from external auditing agencies such as RACs, MACs and others,” says Pete Butler, Hayes’ President and CEO. “To keep up with this volume and ensure risk reduction and correct reimbursement, many are utilizing the audit automation features in MDaudit.”
User group meeting attendees shared their best practices, including how to monitor trends and target physicians who need the most education on coding and documentation.
“I am able to devote more of my time to physician education,” said one user, “which will help prevent errors in the first place. This becomes more important as we get nearer to ICD-10.”
“I love MDaudit so much, I could hug it,” said another participant.
MDaudit Hospital enables a proactive approach to risk mitigation in a time of dramatically increased government oversight (i.e., RAC, OIG, etc.). It enables in-house compliance staff to quickly and easily monitor risk and discover lost revenue opportunities. MDaudit Hospital allows you to use pre-loaded audit criteria or create new audit profiles based on regulatory targets, prioritize risk management programs on case volumes, defend claims with detailed documentation of findings and focus quality initiatives and education in areas that need improvement.
MDaudit Professional helps provider practices improve audit productivity, increase audit quality and enhance provider education. It automates the administrative duties of compliance auditing using strategic, risk-based audit methodology. MDaudit Professional allows healthcare organizations to identify report and monitor risk areas more quickly. Increased productivity means that staff members' time can be allocated to physician education and other activities that provide direct value.
Learn more about MDaudit at www.mdaudit.com.
About Hayes Management Consulting
In addition to providing software solutions such as MDaudit, Hayes works with healthcare organizations to improve operational efficiency, increase net revenue and improve patient experience. Hayes consultants are subject-matter experts in strategic planning, revenue cycle improvement, healthcare IT, ICD-10, Meaningful Use and more.
Hayes has been ranked Top Professional Services Firm by KLAS for four consecutive years (2007 – 2010), and has received multiple Best in KLAS awards. We are also listed on the Healthcare Informatics Top 100 List and the Inc. 5000. To learn more about Hayes, visit www.HayesManagement.com.
MDaudit™ is a product of Hayes Management Consulting
KEYWORDS: United States North America Massachusetts
INDUSTRY KEYWORDS: Technology Software Practice Management Health Hospitals Professional Services Consulting