Reinventing Hospitals with Automation and AI-Assisted Charge Capture

AI-assisted Charge capture is the latest development in growing practice revenue. Charge capture is essential to the revenue growth of your organization. It is the process of documenting services so they can be sent out to payers. Now built with AI-assist, providers can complete their charge capture processes more efficiently and accurately than ever before.

Why Providers Need to Improve Charge Capture with AI.

Improving charge capture processes within your organization is a key part of growing and reinforcing your bottom line. Without AI-assisted charge capture, your practice is likely to continue struggling with missing/late charges and fall victim to regulatory risks. AI-assisted charge capture enables your team to access tools that streamline the coding process. AI technology helps your practice complete tasks that have previously required the detailed attention of a medical professional. Intelligence and cognition are now built into your software to simplify and streamline billing processes. While software still relies on human intelligence to guide its use, AI-assisted charge capture software is faster and more accurate to use.

Benefits of AI-Assisted Charge Capture

Optimize Revenue

Up until the introduction of AI-assisted charge capture software, providers utilized a rules-based system. This often leads to strict boundaries for what software could help a provider complete versus what the provider was in charge of entering themselves. AI-assisted software is essentially trained to go beyond a rules-based system with machine learning. IT identifies missing charges and gaps in claims to reduce human error. This reduction in errors leads to a swift increase in payer reimbursement and helps providers build revenue.

Accurate Predictions

Some providers question the level of accuracy an AI-assisted charge capture can provide in each process. The accuracy and accountability of software always depend on the vendor of that technology. With the right vendor of AI-assisted charge capture software, providers can find peace-of-mind. Accurate charge capture predictions are more than capable with the right software. Built with check-points to ensure optimal accuracy, the right tool can be trusted.

Reduce Missing Charges

Not only can the right AI-assisted charge capture be trusted, but it can help you reduce the number of missing charges within your organization. Missing or lost charges lead to costly gaps in your revenue and negatively impact your bottom line. A quality AI-assisted charge capture solution will keep your team alert for possible missing or late charges, preventing them entirely.

How it Works:

This cloud-based tool offers assistance in multiple different areas of the charge capture process. From identifying possible missing or late charges, offering charge predictions in real-time, and identifying missing items in a charge, AI-assisted software perfects the process. Taught to identify when claim information might be incorrect, it stops your organization from submitting claims that might get denied. By increasing your clean claims and improving your bottom line, your practice needs this tool.

To learn more about an AI-assisted charge capture software that can help your practice increase clean claims and grow its bottom line, click here.