Business and program audits may actually prove a blessing in disguise for surgery centers, according to in2itive.
Here are five insights:
1. Audits can help surgery centers maintain financial security by preventing denials and optimizing reimbursements.
2. If implemented preventatively, audits have the potential to pinpoint weak areas of documentation and coding. Surgery centers may enhance these areas to avoid denials as well as enhance production and revenue.
3. A surgery center can also identify opportunities to improve ICD-10 implementation with an audit.
4. Audits have the potential to reveal denial patterns caused by unclear documentation.
5. Successful surgery centers will conduct their own annual or biannual audits to avoid any complications with recovery audit contractors.
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