Financial
The AneScan platform replaces paper charge tickets with a total electronic solution for charge capture. The design provides opportunity through improved efficiency and accuracy to realize significant ROI to anesthesia providers.
Evidence based studies indicate that increased economies (combination of increased revenue and reduced expenses) associated with using a system like AneScan could realize an estimated increase of revenue between $40,000 – $80,000 per provider, annually, without adding to the doctors workload.
The system is strategically designed to interface with the doctor in intuitive and logical manner. Its design captures information at the point of care, performing real time monitoring to eliminate concurrencies.
Electronic prompts facilitate entry and verification of the patient’s record. Selection of and confirmation of correct codes in real time in the surgical environment are designed to accurately document the patient’s record while maximizing profit.
The difference between maximum payment and lost revenue is as easy as connecting the billing data and the provider at the point of care.
It is estimated that it costs 6 times more to resubmit than if claim was submitted correctly the first time.
Increase Revenue
- Reduce denial rates. Denial rates directly correlates to mistakes in inputting information to the claim
- Improve charge capture revenue by as much as 10% due to billing omissions and errors
- Point-of-care entry significantly reduces mistakes that are costly to correct
- Reduce ”under coding”. HIPAA laws make improper coding fraudulent
- Reduce time in Accounts Receivable
- Easily capture and report PQRI information, resulting in a 2% bonus of Medicare payments
- Reduce overhead costs of a paper-based system
Decrease Expenses
- Reduce time for administrative staff to manually input data
- Reduce need for professional coders to research proper codes
- Improve billing accuracy of Surgical and Diagnostic codes
- Eliminate provider concurrency times
- Easily search Anesthetic Record
- Reduce the cost to correct billing errors
- Streamline the re-submittal process