4 Benefits of Having an Artificial Intelligence (AI) Enhanced Charge Capture Solution

Doctors that wish to streamline their billing process, earn the quickest payment/reimbursement possible, and boost their revenue must have a quality charge capture solution at their practice. A quality solution with artificial intelligence enhanced capabilities can empower providers to reach new heights in their billing department. Below are 5 benefits of having an AI-enhanced charge capture solution at your practice.

Qualities of a Charge Capture Solution Worth Having:

Simplified Charge Capture

In 2020, charge captures are not completed in one place at one time. Doctors everywhere are engaging in multiple different methods of charge capture each day, but some are more effective and efficient than others. An AI-enhanced charge capture solution offers providers the tools they need to record billing information and clinical data at the patient point of care. This enables faster reporting and increased billing accuracy down the line. Using their secure mobile device, doctors can quickly record charges using an integrated mobile application, streamlining and simplifying the entire process so you never see a delay in payment.

Intuitive Code Selection

Coding a claim correctly is essential to earning a quick payer reimbursement. An incorrect code will lead to claim denial and a large delay in payment. With medical billing codes changing so often, it can be hard to keep up. An intuitive code selection process within a quality charge capture solution will equip providers with what they need to code more accurately and make fewer coding mistakes. CPT and ICD-10 code searches and assessments give providers a convenient way to select customized diagnoses and procedure codes during the charge capture process.

Secure Billing Reporting

Automatic billing processes enable your team to work more efficiently and better understand each step of the process. With an AI-enhanced charge capture solution at your practice, secure billing reporting and analytics are automatically generated. Procedure and Diagnoses from the hospital chart are sent directly to the clinic system to help your practice better understand your billing data and make important decisions and improvements.

Cloud-based Software Security

A cloud-based charge capture solution ensures security for your entire organization. Where some might be concerned about housing data over the internet, cloud-based technology is far more secure than traditional paper or in-house server storage. Encrypted software protects your practice from cybersecurity risks while enabling your team to charge capture from anywhere, even a mobile device. With cloud-based servers, your information is never at risk for being lost due to misplaced papers or software crashes. Even if all of your systems shut down, all of your secure data will be right where you left it when they come back up.

Implementing a quality charge capture solution will help your practice streamline important billing processes that lead to faster reimbursements. With the power of AI-enhanced technology working for your organization, you will see fewer coding mistakes, fewer denials, and an increase in payer reimbursements each billing cycle. To learn more about a quality charge capture solution for your practice, click here.