Medical Coding Support BENEFITS

How Can you Benefit from Payment Automation Network's Remote Medical Coding Services?

Benefit# 1: Industry Expertise

We only select coders that have the experience and certification to provide our clients with the best service possible. Our coders are certified by The American Academy of Certified Professional Coders (AACPC) and the American Health Information Management Association and have years of coding experience. In addition, our coders have one of the deepest private networks to share knowledge and coding best practices with each other.

Benefit# 2: Increased Revenue

On average, a physician that sees 40 patients a day will spend 2+ hours per day coding all the patient encounters. This is lost time that is an administrative burden and time that could be better spent seeing patients. If a physician were to spend those 2 hours seeing an additional 7 patients versus doing coding, that would generate an extra $420 in revenue per day, which equates to $8,000 per month, or $96,000 per year in additional revenue.

In addition, our experience has shown us that a good majority of the time we are able to increase a practice’s Relative Value Units (RVUs) some times by as much as 20% to 30%. One of the best opportunities for improving revenue is for physicians to ensure they are properly documenting their treatment and billing accordingly.

Benefit# 3: Cost Savings

A national shortage of certified coders often leads to physicians having to perform their own coding. Physicians are required to select services from Superbills and other office staff such as nurses may be responsible for diagnostic coding as well. This administrative burden can be eliminated and better spent treating patients and increasing revenue.
A vast majority of physician groups use a registration or billing clerk, who is already spread thin with other tasks to perform coding. When inexperienced staff performs coding duties, mistakes are made and procedures are often left out, which means your practice is loosing out on revenue for services that you provided.

Outsourcing the coding of your patient encounters to our firm can eliminate the need for staff to perform this administrative headache. This reduces your practices overhead and other costs associated with coding.

Our small fee charged per patient encounter is worth the coding expertise your practice will receive.

Benefit# 4: 24 Hour Turn Around

We understand time is of the essence when submitting claims and we know the impact the coding process can have on your practice’s accounts receivable, cash flow and bottom line. This is why we strive to provide a 24-hour turn around for most specialties.

Benefit# 5: Increased Compliance

With Medicare RAC Audits and increased private payer audits on the rise, physicians today must achieve higher levels of accuracy when it comes to clinical documentation or their practices may face harsh financial penalties.

Our certified coders review physician documentation as each patient encounter is coded to make sure that no documentation deficiencies exist within your practice. You will be able to identify deficiencies and make proper corrections.

Benefit# 6: Fast Start Up

We understand the importance of proper coding and how it can impact your practice’s revenue and bottom line. With that being said, we have the appropriate technology and team to start coding for your practice, usually by the next business day.

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